Biz tax schemes to continue

The Irish Times newspaper reported on the figures, which emerged Monday, when the Department of Finance released a full review into the Business Expansion Scheme (BES) and the Seed Capital Scheme (SCS).
The schemes, which ran from 1997 to 2005, aimed to provide tax breaks for small and startup businesses, allowing individuals to write off their investment against the highest tax rate of 41 percent.
According to the review, which was carried out last year, the total cost of tax write-offs came to