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Positives in Finance Bill, says IBF

The Irish Banking Federation (IBF) welcomes the inclusion in today’s Finance Bill of important measures to enhance the Research and Development (R&D) tax credit scheme for business.

“R&D and innovation are critical to the future development of Ireland’s financial services industry. A number of international banks have already announced significant investments in financial services R&D in Ireland”, states Pat Farrell. “The Irish Government has joined the industry in recognising the importance of innovation to the future success of international financial services here as we see a shift towards greater emphasis on new product/service generation as well as research to improve processes and procedures. The measures announced today offer further incentive for financial services companies to engage in R&D.”

Note to JournalistsThe Irish Banking Federation (IBF) is the leading representative body for the banking and financial services sector in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

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