KPMG responded on 30 January 2018 to the public consultation on recommendations set out in the Coffey Review of Ireland’s Corporation Tax Code.
Our IP specialists advise on the incentives and tax reliefs available for Irish business investing in intellectual property and intangible assets.
In this article, we take stock of the recommendations in the government commissioned report which reviewed Ireland’s corporation tax code,
At a time when businesses face rapid change and disruption, nurturing innovation has never been more important.
The R&D tax credit is one of Ireland’s most important tax incentives. The cost to the Irish exchequer is significant (€553m in 2014, with 1,570 companies filing claims). The cost has increased by a factor of 2.5 over the past five years.
On Budget Day 2017, the Department of Finance published a report which included an economic evaluation of Ireland’s R&D tax credit.