Liam Twomey (Fine Gael)

I move recommendation No. 4c:

In page 76, subsection (1)(a), to delete lines 6 to 20 and substitute the following:

" 'Threshold amount' means a baseline of zero spending on research and development as and from the start of the tax year 2009;",".

We would like to see all money invested in research allowed as tax deductible. The current situation is that the baseline is only the difference between what one invested in 2003. Only extra investment is covered in the Bill. All research and development should be allowed for so we can generate that sort of knowledge and innovation the Minister, Deputy Lenihan, announced yesterday in Dublin Castle.