Ireland increases R&D tax credit rate to 35%, mulls widening scope
PositiveFinancial Markets

Ireland has announced an increase in its R&D tax credit rate to 35%, a move aimed at encouraging businesses to invest more in research and development. This change is significant as it not only boosts the potential for innovation within the country but also positions Ireland as a more attractive destination for companies looking to expand their R&D efforts. By considering a broader scope for the tax credit, the government is signaling its commitment to fostering a vibrant business environment that supports technological advancement and economic growth.
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