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Thu 03 Mar 2010Taskforce says plan can create 117,000 jobs
OVERVIEW:REDUCING THE effective corporation tax rate on “innovative activities” to 5 per cent is one of the main recommendations in the ambitous report of the Innovation Taskforce which will be published by Taoiseach Brian Cowen this morning.
The report suggests that at least 117,000 jobs can be created by 2020 if its recommendations are followed. The draft copy of the report seen by The Irish Times does not include costings for its recommendations but says it recognises “the difficult economic context and that some of the recommendations have significant resource implications at a time of serious budgetary pressure”.
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