Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I would like to welcome our guests and thank them for their patience. I will be brief. I will start with Chambers Ireland. In relation to some of the proposals in its submission on the tax environment for SMEs and for indigenous enterprises, in particular, an issue that keeps coming up is the CGT entrepreneurial relief. Chambers Ireland is looking for an increase in the qualifying threshold from €1 million. It is £10 million in the UK. All the representative bodies consistently highlight that issue. In the view of Chambers Ireland, would it make a real difference if that was increased? Are we missing out on investment, on high-potential start-ups that might choose Ireland as their destination of choice, if we moved on that? Can Chambers Ireland give us a sense, in real terms, of what impact that would have?