Public Consultation on Tax and Entrepreneurship
The structure of a country’s tax system is a key factor in the ease of starting up and expanding a new business. There are currently a number of tax expenditures in place to encourage entrepreneurial activity in the Irish economy in recognition of the role that entrepreneurs can play in creating jobs, and the challenges that entrepreneurs can face when establishing new businesses. The Minister for Finance, Mr Michael Noonan T.D., is considering how the tax system affects entrepreneurship generally as well as reviewing the tax expenditures currently available to entrepreneurs. The purpose of the review is to assess what is and is not working effectively as well as considering options for change to better incentivise entrepreneurship.
The objective of the tax and entrepreneurship review is:
i) to assess the effectiveness of the tax system overall in terms of the ease of starting up and expanding a new business,
ii) to review the effectiveness of current tax expenditures aimed at entrepreneurs,
iii) to examine whether changes to existing tax expenditures and/or new measures could be introduced to incentivise entrepreneurial activity.
The SFA is making a submission on behalf of our members and I’d be grateful if you e-mail your comments to firstname.lastname@example.org or Tel: 01-6051602 by Friday, 10th July.
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