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R&D - EY

R&D. Tax Incentives An IDA Perspective on Research & Development Leo Clancy, 10th September 2014. Where does IDA Fit? Department of Jobs, Enterprise & Innovation Building Irish Supporting Indigenous Supporting Multinational Academic Base Irish Companies Companies in Ireland 1. IDA Ireland Business Focus Information Communication Technology Global Business Services Life Sciences & Food High Value Engineering, Industrial &. Manufacturing Clean Industries Content Industry, Consumer Research, Development & Business Services & Innovation International Financial Services 3. Why is R&D Important? 4. Agency Supported Foreign Owned Companies ..directly employed 172,326, and a further estimated 124,000 indirectly in 2013..contributed 72 percent to total corporation tax revenues in 2012.

3 IDA Ireland’s Core Value Proposition 6 R&D Tax Credit Source: Department of Finance, Review of R&D Tax Credit 2013 7 2004 2011 Business Expenditure on R&D €1.2bn €1.86bn

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