Oireachtas Joint and Select Committees
Wednesday, 8 November 2017
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2017: Committee Stage (Resumed)
10:00 am
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
That is correct. It is a tax expenditure, so there is a cost to us for doing it, but much of the engagement we have had with small and medium-sized companies that are active in particular sectors within our economy point to the fact that companies far larger than them have share option schemes that they are able to fund by their scale. They have indicated to us that a scheme such as this would be very helpful in supporting the retention and development of staff within smaller companies, in particular within Irish indigenous companies. This is why we think this scheme has value.
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