Financial Resolution No. 29 gives statutory effect to the budget announcement terminating the scheme that provides for a single lifetime income tax deduction of up to €6,350 for an employee who purchases shares in his or her employer company where those shares are retained for a period of three years without being sold. The Commission on Taxation recommended that the scheme be discontinued on the basis of the low employee participation rate. The most recent figures are for 2008 when 280 individuals participated at a cost to the Exchequer of €300,000.

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