Almost one-quarter of applications for a government-backed incentive scheme that delivers tax breaks to investors have been denied so far this year.
It is the highest level of rejections for the Employment and Investment Incentive Scheme (EIIS) since it replaced the old Business Expansion Scheme in 2012.
The current rate of rejections, which works out at 24.7 per cent of all applications, has climbed from 6.4 per cent in the first year of the scheme, according...
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