Seán Fleming (Laois, Fianna Fail) | Oireachtas source

We will take this up with Revenue in the afternoon, and it is quite clear I will tease the matter out in respect of the verification of these hundreds of millions we are talking about. The same paragraph goes on to state:

The credit equates to 25% of a company's qualifying R&D expenditure ... The company can also take a deduction worth 12.5% for revenue type R&D expenditure ... in arriving at taxable profits. Effectively a company reduces its tax liability by ... 37.5%.

There is kind of a double benefit from-----