Tax incentives call for top IT talent

Tax for employees of IT start-ups should be considered in the budget to assist entrepreneurs retain the best talent, according to a venture capital group.

The Irish Venture Capital Association (IVCA) says in a report that €499m had been raised this year for hi-tech SMEs, up 3% on 2016.

Chairman Peter Sandys said the €499m was “an impressive result” considering activity was down 11%, year on year, in the US and that 2016 was a record year in Ireland.