Seanad debates

Wednesday, 14 December 2016

Knowledge Development Box (Certification of Inventions) Bill 2016: Committee Stage

 

10:30 am

Photo of Pádraig Mac LochlainnPádraig Mac Lochlainn (Sinn Fein) | Oireachtas source

I do not understand where Senator Reilly is coming from in terms of dictating the location. My amendment seeks to identify the locations where companies avail of a reduced corporation tax. If my amendment interferes with the ability of the controller to issue a certificate, then there are other ways in which the Minister can assure this House that she will have accountability. Can she tell me if there will be a format where we can assess the localities of those who have benefitted from the certificate? Will there be a published document where interested parties can see the location of companies that have benefitted from the certificate? I will withdraw my amendment if I am sure there is accountability. The Minister knows the issue in terms of the job creation agencies, Enterprise Ireland and IDA Ireland. They have a responsibility to create jobs in the regions.I am looking to ensure that if we put in place a beneficial incentive to companies we need to know the location. If I can be assured that a document will be published with the locations of the companies who benefit from this, I am happy to withdraw the amendment.

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