This article was originally published in The Irish Times.
A recent survey by KPMG has found that almost 80 per cent of the chief executives of global businesses expect to increase employment over the next three years.
The 2015 KPMG CEO Outlook study of more than 1,200 chief executives across 10major economies also found that a significant majority of respondents are confident about the ability of their companies to grow over the next three years and are optimistic about the prospects for the world economy.
According to KPMG Ireland managing partner Shaun Murphy, Ireland is well positioned to gain from this positive outlook.
“CEOs worldwide are generally in an expansionary mode and looking at the best places in which to do business,” he says.“This augurs well for Ireland, especially as business leaders in our survey have highlighted the pressing need to access talented people and Ireland delivers on this requirement particularly well.”
Murphy doesn’t believe we should stands ill and wait for the benefits, however. “All policy areas need constant review. Complacency is our biggest threat. Ireland has a hugely positive range of reasons for business to locate here, but other markets also have compelling attributes.” The tax regime as it applies to entrepreneurship could be an area for particular attention. “There are several examples where the tax code doesn’t yet support the positive words about encouraging entrepreneurs, “Murphy says. “The issues range from capital gains tax to the complexity of compliance for start-ups–if they can be addressed with the urgency they deserve, then there will be definite gains.”
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