Budget 2015: Tax credits needed for equity investment

Targeted and measurable taxation policies must be considered to provide a stimulus to the SME sector, which could potentially have a hugely beneficial effect on growth and employment

Cormac Fitzgerald, president of CPA Ireland and managing partner of Fitzgerald and partners

Targeted and measurable taxation policies must be considered to provide a stimulus to the SME sector, which could potentially have a hugely beneficial effect on growth and employment, writes Cormac Fitzgerald.

There are two such measures CPA Ireland would like to see in Budget 2015. The first is a tax credit for equity investment by entrepreneurs in their businesses.

Similar to section 253 of the Taxes Consolidation Act 1997, which provided for a ...