New moves should boost investment in intellectual property

Ireland“There was at least one piece of good news in last Tuesday’s emergency budget, and a signal that the government is prepared to address the technology deficit in the tax code. Minister for Finance Brian Lenihan announced a scheme of tax relief for the acquisition of intangible assets, including intellectual property (IP) as a means of supporting the smart economy. Details of the scheme will be developed in conjunction with the Revenue Commissioners, and will be published in the Finance Bill. This measure will help to attract high-quality employment to this economy. This fundamental change in the taxation of intellectual property follows key commitments made in the government plan entitled Building Ireland’s Smart Economy – A Framework for Sustainable Economic Renewal …” (more)

[John Heffernan, Sunday Business Post, 12 April]

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