Mr. Aebhric McGibney:

When companies engage, if we look at the reviews of the various entrepreneur schemes, including SURE entrepreneur relief and the angel investor scheme, we are concerned about the level of administrative burden of applying for and using these schemes, which then evolve and change over time. The EII scheme was to add employment and then it changed to involving a bit more. That makes it very complicated for companies to engage. Sometimes there is conflation between capital gains tax and income tax. Sometimes people invest and it does not work out. A lot of the discussion this morning is on whether the stock market is booming too much and will go down, and we are all worried about our pensions and so on. We made a proposal on capital gains tax and investing in unquoted firms instead of backing a large quoted company, many of which are also members so I will not name any individual company. There should be a lower rate of CGT for people who invest in these unquoted firms because it might not work out.