Pat Rabbitte (Dublin South West, Labour) | Oireachtas source

We are confusing the two financial resolutions. The value of this resolution is that it removes the ceiling so that an investor could invest up to €150,000 in the enterprise. This is the positive side of it. The previous resolution is an anti-avoidance measure. This is for a temporary period of three years in the hope that it will act as a spur to innovation, enterprise growth or employment creation. The EII provides that a maximum of €150,000 now can be invested by the individual per annum. The high earners restriction was effectively reducing the amount to €80,000, so it is a plus.

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