Oireachtas Joint and Select Committees
Wednesday, 14 February 2024
Committee on Budgetary Oversight
Temporary Supports for Business: Discussion
Seán Canney (Galway East, Independent) | Oireachtas source
I will make one other quick point. Governments take great publicity from the increase in the minimum wage but that has a serious effect on small businesses trying to find the money to pay this increase in wages. For instance, with the PRSI contribution that has to be made, should the bands be adjusted while the minimum wage goes up, and probably rightly so? As well as paying out the increased minimum wage, the SMEs are also having to pay additional PRSI because the thresholds are there to go to the 11%. Is there any move or any appetite to look at that for instance so that it will help SMEs?
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