Saturday 20 January 2018

Exporters Association calls for end of austerity after Budget 2014

Microsoft - the biggest exporter from Ireland last year
Microsoft - the biggest exporter from Ireland last year
Ailish O'Hora

Ailish O'Hora

THE Irish Exporters Association has called for an end to austerity budgets after 2014 as they called for more incentives for export-led businesses.

The body has called on Finance Minister Michael Noonan to state that October’s budget will be the last austerity one.

Just over €3bn is scheduled to be taken out of the economy in October and a further €2bn in the following one.

The IEA also called for the abolition of the pension levy in its pre-budget submission.

IEA chief executive John Whelan said the body has called for:

-No increase in the cost of employment for exporters

- a return to lower capital gains tax

- improve incentives for exporters

- no more income tax increases

- State expenditure reduction budget target of €1.9bn to be maintained

“There is a very strong case for a full blown effort to stimulate export growth in the 2014 budget,” he said.

“Each job created is worth approximately €20,000 to the Exchequer.”

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