Michael Noonan, Ireland’s finance minister, proposed that Ireland enact a patent box regime called a Knowledge Development Box, which would provide tax benefits for income from intellectual property.  In parliamentary debate, Mr. Noonan defended the proposal against accusations that it was “another mechanism for tax avoidance,” saying that “putting in place an attractive intellectual property offering is key for Ireland’s success in attracting foreign direct investment.”  Mr. Noonan stated that he expects this proposal to be included in the 2016 finance bill, along with the proposed elimination of the “Double Irish” strategy.