Ibec submission on the Knowledge Development Box (KDB)

In Budget 2015 the Minister for Finance announced plans to introduce a Knowledge Development Box (KDB) regime for IP in Ireland which was 'best in class'. In a post-BEPS world it is Ibec’s view that international competition for skills and innovation will become the new standard for successful small economies such as Ireland. In this context, the KDB has the potential to become a key part of Ireland’s toolkit to meet the challenges which will emerge over the coming years. A ‘best in class’ KDB if sufficiently workable and attractive has the opportunity to become a central part of our overall international tax offering, attracting high class R&D to Ireland, and a key enabler for domestic firms in expanding and commercialising their R&D activities in future years.

Ibec+submission+on+the+KDB.pdf - 662 Kbytes

Monday, 17 August 2015