Scheme to attract key personnel into country welcomed

Innovative measures to attract key personnel to head up new divisions of foreign and domestic companies will lead to the creation of more jobs here, the Irish Tax Institute has said.

The group’s president, Bernard Doherty, said tax measures in the Finance Bill would “without doubt” help Ireland to attract international talent, increase innovation and drive exports.

“The new tax initiative to drive Irish sales efforts in high-growth BRIC countries [Brazil, Russia, India, and China], the introduction of a special assignee relief programme [SARP] to enable multinationals and indigenous companies to attract key people to Ireland, and the measure to allow companies reward key employees who have been involved in R&D and innovation have been very much part of the institute’s tax strategy for Irish exports and growth and are a firm step forward for job creation.”