The Irish Exporters Association’s initial response to Minister Brian Cowen’s budget for 2009 was less than complementary. The IEA pointed out that the need for increased taxation was primarily coming from an inefficient use of public funds in running public services.

Liam Shanahan, IEA Council President, stated:

“The levy on employment, while understandable in the current economic climate, is regrettable as it will increase costs for businesses and will ultimately lead to job losses.”

He went on to say:

“An urgent and radical review of all government services must now be undertaken to ensure the income levy is removed at the earliest possible date.”

However, Mr Shanahan complimented the minister on positive aspects of budget, particularly capital expenditure and improvement on tax credits, in regard to R&D.

The IEA have for some time encouraged the government to improve the taxation climate for start up companies and welcome the measures in this regard.

For further information contact:
John Whelan, Chief Executive, Irish Exporters Association
Tel: (01) 661 2182
Email: jfwhelan@irishexporters.ie

About the Irish Exporters Association (IEA)
The IEA represents the needs of export industry ensuring that the necessary conditions are created and the necessary support is provided to assist companies to maximise their export sales. The IEA draws its membership from every exporting sector, ensuring that the interests of all industries are represented and promoted at the highest level.
www.irishexporters.ie