Oireachtas Joint and Select Committees

Wednesday, 18 November 2020

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2020: Committee Stage (Resumed)

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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I appreciate the fact that data on the distributional impact of the research and development tax credit is published annually but what we do not have is data on options to reform it to support indigenous enterprise in research and development. I note the Minister's comments that he will look at this further and that there are issues around commencement but that is what the report is about. Unless I am picking up something incorrectly, I understand that the Minister is going to do what we are seeking to do with this amendment. Obviously the mechanism here is to ask for a report to be prepared but basically we need this to be looked at in more detail. On that basis, I will withdraw the amendment.