Budget 17 presents an opportunity for Government to nurture Ireland's domestic economy and domestic businesses at a time when external factors have the potential to influence the landscape.
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Ireland’s economy is growing, but is being influenced by external factors such as Brexit and changes in the global tax landscape. Budget 17 provides a good opportunity for Government to nurture our domestic economy.
We hope to see Entrepreneur relief changes to make the regime more competitive with its UK equivalent. In order to continue growth in our economy and to encourage SMEs to put money back into business, a reduction in the level of employer PRSI would be a welcome improvement.
This will have the knock-on effect of increasing employment, as more resources are needed to operate growing businesses. In order for SMEs to retain these new employees, changes are needed in the taxation of share options and other employee equity incentives to make non-cash remuneration more accessible in the SME space.
Join us as we take a closer look at these and other relevant issues.
On 11 October, Government has the opportunity to support domestic business in a rapidly changing tax landscape.
What scope is there to increase Ireland's competitiveness and ensure that we retain strong domestic businesses and help them to grow?
The Government's commitment on protecting farm incomes and expanding the wider Irish agri-food sector looks set to be honoured in Budget 17.
Some support measures have already been introduced. What additional changes might the sector expect from Minister Noonan on Budget day?
Liam Doyle looks at how Government can help to nurture the domestic economy through changes to the personal tax system in this year's Budget.