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Seanad: Finance Bill 2008: Second Stage (12 Mar 2008)

Willie O'Dea: ...year. Taxes to the end of February were €516 million or 6.4% below expectations and 8.3% down on end-February 2007. While it is too early to draw any firm conclusions from the first two months' data, the weakness — in particular, in capital gains tax — is of concern. The Department of Finance monitors tax receipts and expenditure on an ongoing basis and as more data become...

Seanad: Finance Bill 2008: Second Stage (12 Mar 2008)

Willie O'Dea: ...to the end of 2012 with an increase in the cap on eligible expenditure from €35 million to €50 million per project. The Bill further enhances the existing research and development tax credit scheme by extending the current base year of 2003 for a further four years to 2013, an increase on the current six years. The change will provide an additional incentive for increased expenditure...

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