Seán Ó Fearghaíl (Kildare South, Fianna Fail)
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To ask the Minister for Finance if he is considering proposals to bed down the research and development tax credit scheme; and if he will make a statement on the matter. [42227/12]

Michael Noonan (Limerick City, Fine Gael)
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I want to reassure the Deputy that there are no plans to remove the Research and Development (R&D) tax credit scheme. R&D and innovation are of vital importance in increasing economic activity in Ireland both in terms of domestic business sectors and in attracting Foreign Direct Investment, and this scheme forms an important part of Ireland’s corporate tax offering.