Seanad debates
Saturday, 29 January 2011
Finance Bill 2011 (Certified Money Bill): Committee Stage (Resumed).
3:00 pm
Feargal Quinn (Independent)
I understand how these deadlines were overlooked. If we want to make Ireland attractive for small businesses to start up in, we need to remove much of the red tape. Several years ago Panama decided it was going to encourage new businesses to open there. One measure it introduced to achieve this ensured it would take only seven hours for a business to go through the paperwork needed to set up. Measures such as the one contained in this section go against the opportunity of making Ireland an attractive location to establish new businesses. I urge the Minister of State to delete the section.
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