Dáil Éireann Debate, Tuesday - 24 June 2014
172. Deputy Seán Kyne asked the Minister for Finance if his attention has been drawn to the UK's patent box incentive which encourages and facilitates companies in reducing taxation obligations on the condition of registering patents in that jurisdiction; and his views on the way Ireland can compete with such an initiative in continuing to attract foreign direct investment. [27332/14]
View answerMy Department is very conscious of the need to maintain a competitive corporate tax regime and to that end, closely monitors developments in other countries. The changes that I have introduced in recent budgets and Finance Acts highlight the on-going work by my Department to make sure that the Irish corporate tax offering stays competitive as we work to attract investment and jobs to Ireland. For example, in recent years we have made further enhancements to the R&D regime, introduced a tax regime for Real Estate Investment Trusts and the package of measures to assist the SME sector (among others).
