Oireachtas Joint and Select Committees
Tuesday, 4 October 2016
Committee on Budgetary Oversight
Forecasts for Budget 2017: Department of Finance
11:00 am
Mr. John McCarthy:
I will not comment on individual companies. The Deputy's question concerns my point about moving up the value chain, which I mentioned in the context of the knowledge development box and the research and development tax credit. The preferential treatment in this case cannot be availed of by moving IP to Ireland but only by developing the knowledge in Ireland. A company cannot simply develop it elsewhere, move it into Ireland and avail of our research and development tax credit.