Ireland, Canada and Tax Competitiveness

By November 25, 2007Innovation, Taxation

From the Sunday Irish Business Post:

An expansion of tax credits for research and development and a reduction in red tape for Irish companies are among the measures to be announced in the forthcoming budget.

The moves are designed to boost competitiveness and innovation for small and medium-sized companies. The package was agreed by senior government officials in the past few days and will now be presented to the cabinet for approval.

The Minister for Finance, Brian Cowen, is also set to index tax credits and the standard rat e bands, while pensions and social welfare payments will be increased.

Meanwhile, in Canada.

Finance Minister Jim Flaherty is considering bringing in measures to provide relief to Canada’s manufacturing industry, which is feeling the effects of the high dollar.

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