Business Irish

Friday 19 September 2014

The Punt: This really is 
a tax too far

Published 29/07/2014 | 02:30

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Jeremy Masding

What are the Revenue Commissioners thinking?

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To tax travel expenses for non-executive directors attending board meetings is the height of stupidity.

In what universe is a board meeting not an essential part of doing business in this country?

The Punt does not share the horror of regulation that is the hallmark of so many business leaders but it is a step too far to tax non-executive directors like this when the entire Republic has been brought to its knees through poor oversight.

Finding good directors is not easy judging by the small number of faces that keep cropping up and the same can be said at local level where a few dozen business champions all too often appear again and again around the board room table because they are prepared to serve for free in a company's early years.

The Revenue Commissioners doubtless have their own reasons for this strange decision but it is time for their political masters to look again at the whole issue of board representation. We must do more to encourage new training schemes for board members (along the lines of the excellent courses offered by the Institute of Directors) and fair payment to at least cover expenses.

Irish Independent

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