Tom Maguire: Budget 2022 offers a chance to better support our entrepreneurs

We need to encourage and incentivise new businesses at each stage of their development, to ensure a thriving domestic economy

Paschal Donohoe, the Minister for Finance, has important decisions to make ahead of delivering his next budget. Picture: Julian Behal

It’s this time of year that pre-budget discussions about amending our tax law are held by various groups and stakeholders. As Myron Scholes, the Nobel-winning economist, once wrote: “Success is achieved when the tax rules subsidise activities that benefit society as a whole more than they benefit the individuals engaging in the activities.”

We need to continue to encourage and incentivise a thriving domestic entrepreneurial economy, one that will ensure Ireland can produce companies to ...