Micheál Martin (Cork South Central, Fianna Fail)

The audit exemption threshold, on which I took a decision last year, is estimated to save businesses between €10 million and €20 million. Research is ongoing in that respect. Through simplifying the process by which companies recover redundancy payments, we have effected a saving of approximately €1.2 million to the companies concerned. That is a global figure.

Where there are clear and realistic examples of removing red tape from the system, I will follow them. We are addressing five areas——

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