9 Jul 2013, 15:28
The Committee on Finance, Public Expenditure and Reform will carry out a review of the Invest in Irish Job Scheme – A proposal to set up a Job and Social Cohesion Initiative at its meeting tomorrow, Wednesday, 10th July 2013.
Frank Flannery, Chairman, Forum on Philanthropy and Fundraising will address the Committee on the issue.
Committee Chairman Ciarán Lynch said: “In the last Budget, Minister for Finance Michael Noonan said he had received proposals that suggest there may be a significant number of philanthropists world-wide, many of them Irish citizens or with Irish family backgrounds, who would be interested in making significant donations to initiatives that would aid Ireland’s economic recovery if our tax system were changed to ensure suitable recognition of such donations. The Minister has asked our Committee to examine these proposals and report back to him with our recommendations.
The idea behind the Job and Social Cohesion Initiative is to increase capital investment in the social economy and small and medium-sized enterprises, protect existing and create new jobs and to provide support to charities working to alleviate poverty and marginalization, by attracting investment from Irish citizens who are not legally resident in Ireland
Tomorrow we will meet with Frank Flannery, Chairman of the Forum on Philanthropy and Fundraising, to get his perspective on the issue on international philanthropists investing in Ireland for the purpose of saving or creating jobs and how this can help Ireland’s economic recovery as well as discussing how philanthropy could make a greater contribution to addressing the challenges facing the country and how philanthropy itself might be developed.”
This meeting will start in Committee Room 4 at 2pm on Wednesday, 10th July 2013.
Committee proceedings can be followed live at:
http://www.oireachtas.ie/parliament/watchlisten/
Media Enquires to:
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F: +3531 618 4551 Deputies
Richard Boyd-Barrett, People Before Profit
Michael Creed, Fine Gael
Pearse Doherty, Sinn Fein
Stephen Donnelly, Independent
Timmy Dooley, Fianna Fáil
Sean Fleming, Fianna Fáil
Simon Harris, Fine Gael
Joe Higgins, Socialist Party
Heather Humphreys, Fine Gael
Kevin Humphreys, Labour Party
Regina Doherty, Fine Gael
Mary Lou McDonald, Sinn Fein
Ciarán Lynch, Labour Party (Chairman)
Michael McGrath, Fianna Fáil
Dara Murphy, Fine Gael
Kieran O’Donnell, Fine Gael
Aodhán O Ríordáin, Labour
Arthur Spring, Labour Party
Brian Stanley, Sinn Féin
Pascal Donohoe, Fine Gael
Liam Twomey, Fine Gael
Senators
Sean D Barrett
Thomas Byrne
Paul Coghlan
Michael D’Arcy
Aideen Hayden
Tom Sheahan