Tuesday, 8 October 2019
Budget 2020: Statements
SARP is a good scheme. I travel all around the world. There is nowhere I would not go to try to bring jobs to Ireland. Some of these people earn very high salaries in other jurisdictions at much lower personal income tax rates than ours. They bring these jobs here. SARP is a good structure because when some of these people are brought in, they bring jobs with them. I heard Deputy Cullinane talk about the golden circle and Fine Gael. This is not about that. I am about jobs, employment and people's dignity in work. SARP applies to approximately 700 people and does not cost an awful lot but brings in a lot of jobs. I therefore ask Senator Gavan not to take the point of view he takes or to choose to ignore what I say. SARP is important. Some of these people come here to work and they pass on their abilities, skill sets and specific knowledge to people who work underneath them. Then they leave for somewhere else. That is a knowledge transfer we should not ignore. The KEEP scheme is hugely beneficial to companies that find it very difficult to compete with the larger tech companies. It is an opportunity for people to stay and build up a share in the company for which they work. It is a good scheme, so I ask the Senator not to talk it down and say it is all about a golden circle.