ITI Reaction to Innovation Taskforce Report
12 March 2010
Government must move swiftly on critical new tax recommendations in today’s Innovation Taskforce Report – ITI President Olivia Lynch
The Irish Taxation Institute President Olivia Lynch has said that the key tax proposals in today’s Innovation Taskforce Report must be acted on quickly if Ireland is to capture a substantial share of the innovation activity globally and drive Irish based innovation and job creation. The ITI President said “I welcome the recognition that Ireland’s tax environment is central to innovation and jobs and much emphasis has been placed on new tax measures for Intellectual Property, R&D, the supply of Venture Capital and attracting Mobile Talent. However Ireland will only benefit if we move swiftly to introduce these measures. We rank 20th in the Economic Intelligence Unit’s International League Table for Innovation so very definite and confident decisions are needed urgently if we are to keep pace with competing economies”.
Read the full press release here.