BUDGET 2016: Government clearly prepared to drive growth

From my perspective I feel the budget has been very positive with a clear indication that this government is prepared to drive economic growth through support for entrepreneurs and small business.

The reduction in capital gains tax from 33% to 20% on the sale of whole or part of a business applying to capital gains of up to €1m will equally support investment in high potential Irish business and reward entrepreneurs and job creators. The reduction of the marginal tax rate below 50% is also important and good for business.

I welcome the initiative of introducing a tax rate of 6.25% for companies participating in research and development (R&D) too as it is vitally important for the knowledge economy to keep in line with other European countries.