Dáil debates

Wednesday, 29 March 2017

Knowledge Development Box (Certification of Inventions) 2016 [Seanad]: Report and Final Stages

 

7:45 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

I move amendment No. 6:

In page 15, between lines 3 and 4, to insert the following:

“Review and scrutiny

19. (1) The Minister shall, as part of the annual Budget process, produce a report on the operation of the KDB including a consideration of the intersection of the KDB with other tax expenditure measures and its impact on the delivery of an effective tax rate for corporations.(2) The Minister shall ensure appropriate annual information exchange between the Department of Jobs, Enterprise and Innovation and the Office of the Revenue Commissioners in order to facilitate the publication of information on the cost of this initiative, including the cost to date for the Exchequer in revenues forgone, as part of the annual budgetary process.”.

I will be calling a vote on this amendment just to let Members know who may be wondering when there will be a vote. There will be a vote on this amendment in approximately ten minutes.

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