Tax break on intellectual property changed to raise funds
Move will raise more money in the short term from multinational sector in Ireland
Apple is amongst the multinationals believed to have moved intellectual property to Ireland over the past couple of years. Such moves were a key factor behind the huge jump in Irish GDP in 2015.
The Government is to raise more money in the short term from the multinational sector by limiting the use of a key tax allowance related to the transfer of intellectual property to Ireland.