Tom Maguire: R&D tax credit is the perfect lure to draw innovators to Ireland
R&D will always happen, that’s human nature. What is important is where it happens, and raising the threshold is an ideal incentive to keep talent here
Revenue’s annual report was published recently. It was accompanied by various statistical analyses and research reports which included details of corporation tax payments and returns. Much has already been written on the cash brought in by corporation tax, so this column will focus on the R&D section of that document.
In a nutshell, the benefit of the tax credit is that it reduces the cost of undertaking R&D in Ireland by 25 per cent. Where ...