Tax Code

Dáil Éireann Debate, Wednesday - 3 October 2012

Wednesday, 3 October 2012

Questions (53)

Seán Ó Fearghaíl

Question:

53. Deputy Seán Ó Fearghaíl asked the Minister for Finance if he is considering proposals to bed down the research and development tax credit scheme; and if he will make a statement on the matter. [42227/12]

Written answers

Minister for Finance

I want to reassure the Deputy that there are no plans to remove the Research and Development (R&D) tax credit scheme. R&D and innovation are of vital importance in increasing economic activity in Ireland both in terms of domestic business sectors and in attracting Foreign Direct Investment, and this scheme forms an important part of Ireland’s corporate tax offering.