Marine Taxation Review
investment, competitiveness, a new generation
IFA Aquaculture has submitted its proposals for the Marine Taxation Review announced by the Minister for Finance in his 2015 Budget speech.
IFA’s submission is focused on making the Irish shellfish and finfish farming sector more competitive as well as re-levelling the playing pitch with our international competitors. Investment and development in aquaculture has suffered hugely with the extremely long delays in repairing the aquaculture licencing system. While waiting for the government to address this issue, the majority of IFA members were blocked from accessing any capital grant aid and the resulting loss of scale and additional costs incurred have eroded our ability to compete against other countries’ seafood products. In addition Ireland’s geographical position makes the deliver of fresh and live seafood to key markets a significant obstacle.
While the aquaculture sector is well established in ireland, at forty years old it needs to plan for the future and for succession in a fast changing food environment.
To assist this taxation measures which encourage growth and competitiveness while helping business succession between generations is vital if we are to remain an important entrepreneurial sector for the creation of jobs and export earnings in peripheral areas.
See more in our short submission here: Marine Taxation measures (final RF)