Ireland to Scrap Stamp Duty on Copyrights, Patents and Trademarks

Law360, New York (December 4, 2003, 12:00 AM EST) -- Ireland will exempt intellectual property from stamp duty, finance minister Charlie McCreevy said in his budget speech Wednesday.

He said the decision to abolish the stamp duty, a tax of 9 pence on the gross value of the intellectual property, was part of a bill to boost research and development in Ireland. The aim is to lower the cost for the purchase of copyrights, patents and trademarks in Ireland.

The bill is also likely to benefit the entertainment industry, including creators and distributors of music and...
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