The Irish Business and Employers Confederation is the largest lobbying group that is set out to represent the rights of irish businesses at a national and international level. This group is focused on supporting all different types of businesses, from large to small and across every aspect of the economy.
Recently, they published a press release that was aimed to protect local businesses incomes by calling for a tax reform on commercial rates that would centralize collection in a similar way to that of current, well utilized tax systems.
Ibec Senior Public Sector and Regulatory Executive Aidan Sweeney, said: “Local authorities have a significant impact on business conditions and cost competitiveness. This year businesses will pay €1.55 billion in commercial rates, up 14% since 2010. Approximately €1 out of every €3 spent by a local authority comes directly from local businesses. Local authorities are relying on business to balance their books.”
Local businesses were not consulted during the creation, voting or soon to be implementation of this new tax standard. This is most frustrating, given that they will be the …