Seanad debates
Wednesday, 3 December 2003
Order of Business. - Budget Statement: Motion.
It is important that we continue to move up the value chain in terms of the quality of employment we develop. A new initiative to encourage research and development in Irish companies is to be introduced. It is proposed that a tax credit will be available to companies for incremental research and development expenditure. Up to 20% of this expenditure will be allowable against corporation tax in any given tax year. There will also be an exemption from stamp duty on transfers of intellectual property.
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