Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

Senator Naughton asked if employer's PRSI is too high. We brought down the low rate temporarily. That was funded by the pension levy which has been dropped. It did have an impact that we saw on tourism and other sectors. We are moving to a point where we can start selectively to consider taxes where the boot is pinching and the Minister for Finance will do that each year.

We are considering the audit exemption and there will be a heavy emphasis in next year’s plan on how to make it easier to do business. Sometimes that is through quicker processing of work permits and sometimes reform of company law. We will soon, with the Senators’ support, have new company legislation, which will be like Delaware. It will be the best in class. It will be simple, quick and easy to set up a company. To answer Senator Quinn, I will study those four procedures and see what we can do about them. I will not make a commitment-----