Dáil Éireann Debate, Wednesday - 18 April 2018
133. Deputy Bernard J. Durkan asked the Minister for Business, Enterprise and Innovation the extent to which the knowledge development box continues to be an asset in securing investment in jobs here; and if she will make a statement on the matter. [17072/18]
Amharc ar fhreagraThe Knowledge Development Box (KDB), introduced in Budget 2016, forms part of Ireland’s competitive offering to continue to attract foreign direct investment (FDI) and to support Irish owned companies to innovate and to compete effectively on international markets. The KDB provides an effective 6.25% rate of corporation tax which is internationally competitive. The KDB complements the existing suite of initiatives available to companies that undertake R&D activities in Ireland across the lifecycle of research and development – providing a competitive proposition for continued business investment.
The continuing imperative to establish Ireland as the best place in which to succeed in business is reinforced in our national Enterprise and Innovation strategies - strategies based on export-led growth, underpinned by innovation and talent - strategies that aim to embed resilience, to deliver sustainable employment opportunities and a higher standard of living for all.
As a key part of Ireland's competitive offering as a location of choice from which to do business, the KDB has helped secure investment since its introduction in 2016. It will continue to form part of Ireland's proposition and stimulate further investment in R&D activities by both Irish and foreign owned enterprises - ultimately delivering jobs and economic substance in Ireland.
