Cork Chamber releases its prebudget submission

CORK Chamber has released its submission ahead of Budget 2016. 

The primary  focus of this document is on solutions which the Chamber believes will aid continued economic growth and job creation whilst fostering a positive environment for start-up enterprises and increasing consumer confidence.

Discussing the launch of the submission, Barrie O’Connell, Cork Chamber president said the recent Q2 Economic Trends survey provides evidence to support a continued positive outlook amongst Cork businesses, with 96.6% of those surveyed reporting confidence in the future of their business – nearly 10% higher than reported this time last year. 

‘Our submission aims to further support businesses recovery with measures to increase available consumer spend and balanced treatment for self-employed owner-managed business.  

‘Central to the above is a reduction in the overall marginal tax rate for individuals, in particular USC, and adoption of a consistent simplified approach for owner-directors and self-employed,’ he said.

Mr O’Connell added that Cork Chamber includes a number of policy recommendations that will not only make it easier for those in business today to develop and prosper but will also facilitate entrepreneurs to enter and continue in the Irish market.

It will remove restrictions on the CGT entrepreneurial relief following completion of  the current regime signalled by Minister Michael Noonan, he concluded.