Knowledge may power economy

Developments in the ownership and taxation of intellectual property can deliver a positive impact for Ireland, writes Raymond Hegarty

26th November, 2017

There are two major shifts happening silently that have the potential to deliver a positive impact for the Irish economy.

First, there is a macroeconomic shift in global ownership of intellectual property (IP) such as patents, trademarks and copyright. Second, there is a regulatory shift that will increase the quality of innovative activities.

The impact of international transfers in intellectual assets became apparent already in the 26 per cent increase in Irish GDP figures in...

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