Advertisement
UK markets close in 1 hour 15 minutes

  • FTSE 100

    8,046.81
    +6.43 (+0.08%)
     

  • FTSE 250

    19,558.79
    -160.58 (-0.81%)
     

  • AIM

    752.51
    -2.18 (-0.29%)
     

  • GBP/EUR

    1.1654
    +0.0010 (+0.08%)
     

  • GBP/USD

    1.2477
    +0.0015 (+0.12%)
     

  • Bitcoin GBP

    51,108.63
    -1,920.45 (-3.62%)
     

  • CMC Crypto 200

    1,371.12
    -11.46 (-0.83%)
     

  • S&P 500

    5,005.95
    -65.68 (-1.30%)
     

  • DOW

    37,798.22
    -662.70 (-1.72%)
     

  • CRUDE OIL

    82.35
    -0.46 (-0.56%)
     

  • GOLD FUTURES

    2,331.80
    -6.60 (-0.28%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,819.27
    -269.43 (-1.49%)
     

  • CAC 40

    7,964.52
    -127.34 (-1.57%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

Ireland sets 'knowledge box' tax rate at 6.25 percent

Reuters - UK Focus

DUBLIN, Oct (HKSE: 3366-OL.HK - news) 13 (Reuters) - Ireland (Other OTC: IRLD - news) is to introduce a new tax rate of 6.25 percent for some intellectual property holdings under a new patent-based tax regime aimed at multinationals, Finance Minister Michael Noonan said on Tuesday.

"This puts Ireland in a unique position to offer long-term certainty to innovative industries planning their research and development investments," Noonan said.

Tax experts have said the potential scope of the planned "knowledge development box" have been limited by new international tax guidelines set down by the OECD. (Reporting by Conor Humphries; Editing by Pravin Char)