The ICAI as part of the CCAB-I made a submission to the Commission on Taxation on Friday 23 May. The ICAI urges the Government to increase the rewards for high-risk investments to stimulate entrepreneurial activity.

The Commission was established by the Minister for Finance on 14 February 2008 to review the structure, efficiency and appropriateness of the Irish taxation system. Submissions were invited from interested parties to assist in its deliberations of the issues referred to in the terms of reference.

ICAI, along with the other accountancy bodies in Ireland, details the case for the revision of Irish tax policy into a coherent tool to further develop Ireland as a knowledge-based economy.

The full submission paper is reproduced at Section 2.02.