With Budget 2018 just a day away, IPSA CEO Gill Brennan has taken to the airwaves to press the case for a dedicated Share-Based Remuneration scheme for SMEs.
Gill was in studio with Donal O’Donovan on Newstalk’s Breakfast Business, and was also interviewed in the Irish Independent. She reiterated IPSA’s call for Finance Minister Paschal Donohue to make good on last year’s Budget commitment to introduce a Revenue-approved schare-based incentive scheme targeted at SMEs.
Ireland’s 240,000 SMEs employ almost one million people, yet they and their employees face punitive tax costs when attempting to implement employee share ownership. This has knock on effects on their ability to attract and retain staff, and puts them at a disadvantage when they are competing for talent with larger companies and multinationals.
Making share ownership more affordable for the SME sector is a priority for IPSA. Last year the Government recognised the benefits of employee share ownership and the need to implement a scheme for SMEs. Now is the time for Minister Donohoe to act.