Written answers

Tuesday, 24 June 2014

Department of Finance

Corporation Tax Regime

Photo of Seán KyneSeán Kyne (Galway West, Fine Gael)
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172. To ask the Minister for Finance if his attention has been drawn to the UK's patent box incentive which encourages and facilitates companies in reducing taxation obligations on the condition of registering patents in that jurisdiction; and his views on the way Ireland can compete with such an initiative in continuing to attract foreign direct investment. [27332/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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My Department is very conscious of the need to maintain a competitive corporate tax regime and to that end, closely monitors developments in other countries. The changes that I have introduced in recent budgets and Finance Acts highlight the on-going work by my Department to make sure that the Irish corporate tax offering stays competitive as we work to attract investment and jobs to Ireland.  For example, in recent years we have made further enhancements to the R&D regime, introduced a tax regime for Real Estate Investment Trusts and the package of measures to assist the SME sector (among others).

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