Joint Response to the Department of Finance Public Consultation on the Review of the Research and Development Tax Credit

The enterprise development agencies submitted a joint response to the Department of Finance public consultation on the review of the research and development tax credit in 2013. The development agencies represent the interests of the internationally trading business sector in Ireland.

Over three quarters of Ireland’s exports of goods and services in 2010 were by development agency client companies. Agency-assisted companies operating in Ireland provide almost 300,000 direct jobs, a similar number of indirect jobs; 40 per cent of national GVA; €33 billion through payroll, materials and services purchases (which represents about 25 per cent of GNP); and three-quarters of all corporation tax.

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Topics: Innovation Research and Development, Trade and Investment, Supports for SMEs, The Business Environment