Bill outlines tax breaks for skilled workers from abroad
The Government is to offer tax breaks to skilled workers from abroad who come to Ireland to take up employment.
The measure, which is contained in the newly published Finance Bill, is designed to ensure that investors in Ireland can get the skilled employees they need to create jobs here.
The bill, which gives legal effect to the measures announced in Budget 2012, also sets out the criteria for home-buyers who bought during the boom to qualify for the additional tax relief announced in December's Budget.
However, the Finance Minister Michael Noonan has said the key aim of the bill is to support jobs and he said offering tax breaks to employees from abroad may help to generate employment here.
Mr Noonan said: "Seemingly the IDA and Enterprise Ireland have identified companies who have pin-pointed research and development opportunities that are being lost because we don't have an incentive along these lines.
"The kind of people involved for this area of research and development are being attracted to other jurisdictions who compete with us for inward investment."
