Tax expert: Reduction in rate of USC ‘best way’ to support Cork businesses

A reduction in the rate of universal social charge is the most important measure the Government can introduce to support Cork businesses, according to a tax expert.

PricewaterhouseCoopers Cork tax director Nicola Quinn says the tax burden on SMEs is one of the biggest issues facing the sector along with access to credit.

Despite the difficulties owner-managed enterprises are facing, business sentiment in the city is improving.