EU mulls legality of SME incentive
The EU is still scrutinising a competition ruling which may lead to it insisting the Government retrieve as much as €25m from potentially hundreds of business people who benefited from the country’s leading tax incentive business scheme which was designed to help SMEs.
Finance Minister Paschal Donohoe, late last year, was forced to rush through legislative amendments after taking the advice of the attorney general that parts of the Employment and Investment Incentive (EII) scheme had likely fallen foul of EU State aid rules.
