The bar is high for entrepreneurs creating employment. To put €1 into an Irish employee’s pocket, an employer needs to generate roughly €1.30 to €2.10 in incremental gross profits. Meanwhile, software products and AI solutions abound where few of the same taxes – other than Vat – apply: no income tax and no employer or employee levies.  Income taxes are an important pillar of government funding, and they allow for redistribution of income from those who have more to those who have less. However, they disincentivise employment, and, with the rise of AI, this drawback is accentuated. Start with the…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .