Seanad debates

Thursday, 1 October 2015

10:30 am

Photo of Mary WhiteMary White (Fianna Fail) | Oireachtas source

Yes, a very important question. The Oireachtas joint committee recommended that the Government, in the forthcoming budget, remove the discrimination in the tax system faced by self-employed entrepreneurs by introducing a tax credit for the self-employed which would be equivalent to the PAYE tax credit, and by introducing social welfare supports, because despite paying PRSI, entrepreneurs have no safety net. Finally, and most importantly, the Government should give serious consideration to the introduction of an entrepreneur capital tax rate of 10% instead of the capital gains tax of 33%.

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