Oireachtas Joint and Select Committees

Wednesday, 15 February 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

General Scheme of the Cooperative Societies Bill 2022: Discussion

Photo of Paul GavanPaul Gavan (Sinn Fein)
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That is a good point to clarify. I am concerned about what happens to small businesses when people retire. EU research has been done on this. I propose that this legislation could, perhaps in terms of taxation measures, for example, as suggested by Mr. Flanagan, play a role in encouraging businesses to survive by transferring the assets to the employees in the form of a worker co-operative.