Tax system must do more for self-employed – and soon

“Our economy is dependent on entrepreneurs. The businesses they create are fundamental to having a dynamic and competitive economy. And they create lots and lots of jobs, the taxation from which funds the running of the State. However our two tier tax and PRSI system is weighed in favour of PAYE workers. It does not sufficiently promote or protect the self-employed who take the risks to create the businesses on which our enterprise based economy depends.

Over 760,000 people, around 70% of the workforce are employed by SMEs in Ireland. These firms all came from simple beginnings. While some have gone on to become significant employers, most are low scale operations with a small number of employees. Many survive on a year to year basis and operate on tight margins.”

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