The State should be as aggressive in incentivising entrepreneurs to move to the Republic and establish businesses as it has been in luring multinationals to set up operations here over recent decades. France and Britain have also recently introduced reforms to encourage tech talent to their countries and to more effectively compete with the United States. A large number of leading tech entrepreneurs including Stripe’s Irish chief executive Patrick Collison and Revolut founder Nikolay Storonsky, last year called for pan-European reforms on share schemes. Mr McCabe said he had no interest in seeing entrepreneurs being given “free cash”. “But that said I would love us to be as audacious and aggressive as we have been in using the corporate tax rate to lure multinationals here, to encourage entrepreneurs as well,” he said.

Source: The Irish Times November 16, 2020 04:52 UTC