Sunday June 7, 2020

Tech firms critical of patent move

High-tech companies have claimed that investment and innovation will suffer after the government scrapped a tax break on patent royalties in the four-year plan announced last week.

27th November, 2010

High-tech companies have claimed that investment and innovation will suffer after the government scrapped a tax break on patent royalties in the four-year plan announced last week.

The patent royalty scheme allowed companies to earn up to €5 million in patent royalty income tax-free and pay tax free dividends to shareholders.

It has been closed off with immediate effect. Technology groups said the move would hamper the government’s efforts to create a knowledge economy....

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