This priority focuses on what Government must do to build on our progress by nurturing Irish indigenous business. If Ireland is to follow through on the economic promise of the last six decades, then it is evident that Government must go further by investing more ambitiously in supporting, growing and sustaining homegrown business. Tax policy – including reform of Capital Gains Tax (CGT), the Employment Incentive and Investment Scheme (EIIS), Key Employee Engagement Programme (KEEP), and the R&D tax credit – must be part of a coherent overall policy to underpin growth. This includes an intense focus on productivity, innovation, skills, and exporting early. Given the wide range of imbalance and uncertainty in business, personal and environmental tax, we also think that it is time for Government to set up a new Commission of Taxation to ensure that the tax system is sustainable in the decades ahead.
Read a full set of our recommendations here.
The Ibec Podcast
"Budget 2020" featuring Danny McCoy, Ibec CEO
Ireland is not short of money, but it is short of public investment to match the moment. Hear why purpose should trump prudence for Budget 2020.