How Irish tax policy supports innovation
The corporation tax rate, the research and development tax credit and the knowledge development box are the foundation of the government’s commitment to supporting jobs and investment, so how can the KDB and the R&D tax credit be most effective?
In recent commentary on European Commission state aid matters, the government affirmed Ireland’s commitment to tax policy choices that support real jobs and investment based on three key pillars:
■ the 12.5 per cent corporation tax rate
■ the research and development tax credit
■ the knowledge development box (KDB)
That the R&D tax credit and the KDB have been explicitly highlighted as two of Ireland’s three core tax pillars is welcome news ...
