Call for export-orientated tax plan

THE GOVERNMENT should introduce a special tax regime aimed at encouraging more entrepreneurs to establish export-orientated companies, the Irish Exporters’ Association (IEA) has recommended.

As part of its wide-reaching pre-budget submission, the IEA is looking for Finance Minister Brian Lenihan to “ease the burden of personal risk on prospective export entrepreneurs through tax structures that reward entrepreneurial sacrifice”, in December’s budget.

Special income tax status to founding members of export companies in the early stages of the business has also been called for by the IEA, as has a fund that can be used to assist the development of services companies wishing to expand their sales overseas.