Oireachtas Joint and Select Committees
Thursday, 22 February 2018
Public Accounts Committee
Comptroller and Auditor General 2016 Report
Chapter 20: Corporation Tax Receipts (Resumed)
9:00 am
Mr. Rónán Hession:
It is exactly as Mr. Cody has said. It is a new incentive. It is quite limited in its availability. When it was introduced, we thought it might cost up to €50 million in a full year. It is probably more attractive to smaller start-up companies. A company will really only get the benefit if it has developed the patent or the copyrighted software here in Ireland. With some of the bigger companies, these aspects happen overseas in Silicon Valley and so on. While in theory some of the companies could get different parts of the research and development tax credit, capital allowances and so on, the KDB rate is quite limited - initially - for small-----
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