We must plan to stimulate industry recovery after the crisis

While the wage subsidy scheme and refund and credit initiatives are welcome, businesses will need help to heal in the longer term

12th April, 2020
We must plan to stimulate industry recovery after the crisis
The take-up of the Wage Subsidy Scheme seems to have stalled. For lower paid workers, the pandemic unemployment payment may be a better fit. Picture: PA

In many successful businesses, the Revenue is one of the largest creditors. It’s no surprise, therefore, that most of the government’s emergency reliefs for businesses are being channelled through the tax collection system.

Ireland is not the only country taking this route to get funds into cash-starved industry. The likes of Britain, Canada, Australia and New Zealand have introduced assistance and supports very similar to the Irish wage subsidy scheme. Some...

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