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Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Does Ms O'Toole want to answer a question or two?

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: The Leader of the House, Senator Buttimer, will speak now.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: I did not get it wrong.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: I am trying to encourage questioners to be brief and to the point.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Definitely.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Please try to be positive.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Something struck me very forcefully when Mr. Walsh was talking about the penal rate of capital gains tax of 33.3%, up from a rate of 20%. I fully share his view that there is a lot of capital tied up from which people are afraid to part because of this penal tax rate. It is capital that could be freed up to find a new home to fund new and fresh investment. It is something I would like to...

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Would Mr. Parlon like to comment?

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Would Senator Ó Céidigh like to make a brief closing comment?

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: I thank all present for their contributions. It has been a very informative and productive session. We have all learned a great deal from the insights and observations offered. As Senator Ó Céidigh stated, today's discussions will be taken into account when the draft report is being prepared. Copies of the final report will be sent to all the representatives in due course.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Is that agreed? Agreed.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: We commence session 2 in public session. On behalf of the committee, I welcome Mr. Kevin Sherry, executive director of global business development, and Mr. Mark Christal, manager of the regions and entrepreneurship division, Enterprise Ireland; Mr. Neil McDonnell, chief executive of ISME; Professor Stephen Roper, director of the enterprise research centre of Warwick Business School; Dr. Jane...

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Mr. Sven Spollen-Behrens is director of the Small Firms Association and Ms Rebecca Harrison is managing director of Fishers of Newtownmountkennedy Limited.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: From IBEC and sharing their time, we have Mr. Fergal O'Brien, director of policy and public affairs, and Mr. Gerard Brady, head of tax and fiscal policy.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Our last speaker in this session is Dr. Tom Healy, director of the Nevin Economic Research Institute.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Thank you for your presentations. We will now have questions from the Senators and the witnesses can respond. I ask everybody to keep their questions and the responses short and to the point.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: Does Senator Ó Céidigh wish to go next or does he wish to wind up?

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: I will call Senator Kieran O'Donnell first.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: We will know soon one way or the other.

Seanad Public Consultation Committee: Small and Medium-Sized Enterprises: Discussion (13 Nov 2018)

Paul Coghlan: It is a monumental folly in any event.

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