Enda Kenny (Mayo, Fine Gael) | Oireachtas source

I am talking about SMEs. I mentioned the start-your-own-business scheme whereby young people can start their own businesses, unincorporated and with a two-year exemption from income tax up to €40,000. That is a real incentive. To encourage innovation, the key recommendations for the research and development tax credit have been implemented. These relate to the outsourcing of research and development qualifying expenditure in relation to the base year. That is important as is the capital gains tax relief for entrepreneurs who reinvest the proceeds from a disposal of assets on which capital gains had previously been paid, in a new investment and in productive trading activities. In other words, a person who invests in a business and who would normally have to pay capital gains tax on the proceeds can now reinvest on an ongoing basis in a new venture. These things are important for SMEs.

Deputy Martin says he does not see the evidence. I was in Limerick a couple of days ago-----

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