THE Finance Bill to be introduced in Ireland shall also include the tax incentives that have been added in order to lure senior multinational executives to the country. The tax breaks are aimed to get the top earning executives to relocate to Ireland in order to boost investments and also apply to indigenous and multinational firms. The new relief is expected to apply to entire project teams and not just the senior executives. The tax breaks are designed to tie in with incentives to encourage the expansion of research and development and intellectual property projects in Ireland.

The incentives would only apply to people involved in new product development and could not be availed of by people already working here. The qualifying individuals will have a significant proportion of their salaries exempt from tax. The Bill will also deal with the concerns raised by the judiciary about the tax treatment of their pension on retirement.