Seanad debates

Friday, 19 December 2008

Finance (No. 2) Bill 2008 (Certified Money Bill): Committee and Remaining Stages

 

3:00 pm

Photo of Liam TwomeyLiam Twomey (Fine Gael)

I move recommendation No. 2d:

In page 47, between lines 20 and 21, to insert the following:

"(c) are derived from innovative activities meaning the development of a new technological, telecommunication, scientific or business process,".

The Minister has put forward his version of this. He does not want to be limited to the expertise to which this section can be offered. It is too broad at the moment. The Minister wants to take a wait and see approach to see if this will be abused or used in a way other than the way he recommends. Our amendment refers to the development of a new technological, telecommunication, scientific or business processes. We are trying to build an innovation society. We are trying to build on new technologies and develop new ways of doing business. We must limit the sort of people to limit abuses of this section.

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