Mr. Schramm, CEO of the Ewing Marion Kauffman Foundation who was attending the Global Irish Economic Forum, stressed the importance of developing an entrepreneurial culture and said that new businesses in Ireland should not be burdened with regulation and tax administration.
Commenting today Irish Tax Institute President Bernard Doherty said “The Irish Tax Institute carried out research amongst one hundred Irish companies in advance of making our pre-Budget submission this autumn. Those in the start-up phase said their tax priority was simplicity and ease of doing business”.
“Last year the Irish Tax Institute proposed that a Single Business Tax for micro-enterprises be introduced in Ireland and we very much welcomed its inclusion in the Programme for Government”, he added.
“Our research clearly shows that tax is very daunting for a new business and the most practical way we can help these entrepreneurs is to provide them with information and support so that their fledgling business gets off the ground”.
“New entrepreneurs who are starting a business must be allowed to concentrate on that business. It is important that they are not overburdened in the early stages”, said Mr. Doherty.
The Irish Tax Institute President also said new businesses should be able to avail of a ‘one-stop-shop’ service to help support them with tax and other business issues.
Mr. Doherty said “Ireland is one of only 9 EU countries which have not yet implemented a ‘one-stop-shop’ procedure for starting up a new company. This service would pay for itself and it would be a more efficient way of providing help that currently comes from a number of separate agencies”.