Government's pro-business approach shows creative thinking and ...

SPEAKING on the Finance Bill today (Wednesday) in the D?il, Fine Gael Cork South Central Deputy, Jerry Buttimer, said the pro-business approach being adopted by the Government shows its commitments to prioritising jobs and encouraging business.

?From day one, the Government recognised that ?the big challenge for Ireland is to develop a strategy that will allow job growth and sustainable enterprise?, as stated in the Programme for Government. The Finance Bill, together with the Action Pan on Jobs, announced this week, chart a clear way forward to achieving that end.

?The key to our recovery is job creation. By putting measures in place to support business by targeting small and medium-sized enterprises and foreign direct investment we can create opportunities for growth and jobs.

?Reforms to the R&D tax credits now mean that credits can be used to reward and incentivise employees. SMEs can also contract out some of their R&D work and retain the full benefit of the available tax credits which will help propel Ireland forward in terms of innovation.

?Moves to entice expertise from overseas to Ireland, while encouraging Irish companies to put people on the ground in emerging international markets, will help to grow exports and enhance employment opportunities at home. The BRIC countries have significant growth potential and the Foreign Earnings Deduction will act as a reward for Irish companies who take on the risk of exploring the opportunities for growth in these new markets.

?The Special Assignee Relief Programme will allow developing SMEs to assign employees to these new foreign markets for between one and five years to establish vital trade links. And provision has been made in the Finance Bill to provide for tax relief on income for skilled executives coming to Ireland to work in research. Estimates are that initially between 80 and 100 people might avail of this incentive, each creating between 30 and 50 jobs.

?In its attempt to have a jobs-led recovery the Government is demonstrating creative thinking and ambition.? The Government recognises the difficulties facing families today and is working to provide an environment where we can grow our way to recovery. The initiatives being adopted by the Government, in the terms of the Jobs Initiative, the Action Plan on Jobs and Pathways to Work will enable the Government to create 100,000 new jobs by 2016, getting our people off the dole and back to work.?

Source: http://corkpolitics.ie/wp/?p=9273

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