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October 16th, 2013 @ 08:36

Budget 2014 Mostly Positive for Business Increase in Pension Levy Counter Productive

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Chambers Ireland has welcomed the majority of pro-business measures announced as part of Budget 2014.

Speaking this afternoon, Ian Talbot, Chambers Ireland Chief Executive, said “This budget has been one of the most positive for business in recent years and we are glad that the Government has accepted that recovery will be achieved through job creation and support for business.”

“Measures that the Chamber Network has consistently campaigned for such as the Home Renovation Tax Incentive Scheme and the maintenance of the 9% VAT rate for the hospitality sector will have a direct impact on job creation. Businesses will also benefit from the increase in the cash receipts threshold for VAT to €2m, Capital Gains Tax Relief for certain entrepreneurs and the removal of restrictions on the Employment Investment and Incentive Scheme.”

“While there is lots to be positive about, a real disappointment to business is the 100% increase in sick pay costs for employers which, coming on top of the abolition of the redundancy rebate scheme in previous budgets, will extend the period of weak job growth as employers seek to hold off in hiring staff as long as possible. This combined with the increase in the pension levy are counter productive measures which will hamper job creation and hurt Ireland’s economic recovery,” he concluded.

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Allergan

 

Allergan was established in Westport in 1977 and has repeatedly expanded over the last four decades, contributing significantly to the local economy.

The Westport facility is now the largest manufacturing plant within the company network, and it also has the largest number of Allergan staff in one location, outside of the company’s corporate headquarters.

In Ireland, our focus fosters deep engagement with medical specialists and we make it our business to listen closely to their needs so that together we can advance patient care. We combine this strategic focus with a diversified approach that enables us to follow our research and development into new specialty areas where unmet needs are significant.

In partnership with the medical community, we bring scientific excellence and rigour to deliver leading products that improve patient outcomes. We know we are successful when doctors and patients place their trust in our products and our company, when our employees excel and when our efforts make a meaningful difference in the lives of the patients and communities we serve.

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