Taxation and jobs policy ‘out of sync’

Government policies on taxation and the creation of jobs are completely out of sync, according to the Irish Venture Capital Association.

Speaking at the Oireachtas Joint Committee on Jobs, Enterprise and Innovation focusing on the difficulties that SMEs face in raising capital, the head of the association Regina Breheny said that Ireland has lost some of its competitiveness compared to other jurisdiction particularly in the levels of capital gain tax that entrepreneurs face.

“Ireland’s tax regime has lost significant competitiveness compared to the UK. There is a misalignment between the Government’s tax policy in regard to entrepreneurship and the key objectives in the Action Plan for Jobs 2014.