asked the Minister for Finance if he will arrange to give the same taxation concessions to those private individuals who develop an export trade as are already made available to exporting companies.
Ceisteanna—Questions. Oral Answers. - Taxation Concessions for Private Individuals.
It is not my intention to amend the basis for the concession, settled by the Finance (Miscellaneous Provisions) Act, 1956, so as to extend the concession to private individuals as suggested by the Deputy. It is open to parties, otherwise eligible, to qualify for this concession by the simple expedient of incorporation.
Is the Minister aware that the simple expedient to which he refers might also be an expensive one?
Not if the legal profession keep down their fees.
Is there any reason why they should be put to the expense of having a company incorporated if they are prepared to do precisely the same work in their individual capacities as they would if they formed a company?
What about private enterprise?