Ms Cora O'Brien:

We have many more conditions. Our entrepreneur's relief is targeted to capital gains tax rates. If one does not want to have lower capital gains tax on everything, one needs to target a lower rate on business. That is what the entrepreneur relief is intended to do. It sounds like a lot at €1 million, but when compares it to other jurisdictions it is not. Many conditions are attached to it, including ownership, the level of shares and the fact one has to work full-time in the business. That means we are missing an opportunity to bring in external investors using entrepreneur's pronounce relief. It is only available to the owner-manager of the business. We have to ask ourselves why we are restricting the types of investors we could have.