Oireachtas Joint and Select Committees
Wednesday, 22 June 2022
Committee on Budgetary Oversight
Tax Expenditures Review: Discussion
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I think the cost we got was €25 million but I can come back on that.
One other area I want to touch on is the knowledge development box. The surprising figure is that only 17 companies are availing of this. Can Ms Donaghy give us any indication in regard to FDI versus SME or indigenous companies? There is a crucial question I would ask in regard to the knowledge development box. What is Ms Donaghy's understanding of how the knowledge development box and the R&D tax credit could be affected by the US tax changes, particularly the global intangible low-taxed income, GILTI, credit and also the pillar 1 OECD agreement? Where do those lie? Some of those carve-outs have not been agreed at the minute. Can Ms Donaghy give us any insight into the importance of that in terms of the final agreement?
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