Gerard Brady, Ibec's head of national policy and chief economist, said abolishing Sarp “would risk damaging Ireland’s ability to compete for highly skilled staff”.
He said highly skilled and increasingly mobile workers are the key to competitiveness in an age where knowledge and intangible capital are driving global growth.
For this reason, temporary schemes to attract highly mobile skilled workers exist in 25 EU countries including competitors in the Netherlands, the UK, Denmark, Sweden, France, Italy, Spain, Portugal and Belgium.
“Abolishing SARP, on top of existing challenges in the rental market, public infrastructure, and quality of life, would risk damaging Ireland’s ability to compete for highly skilled staff and the investments they are crucial in delivering,” he added.
Tax the tech companies to the point where they relocate to more favourable tax jurisdictions.
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