The Irish Profit Sharing Association, an independent association within employers' group IBEC, in its pre-Budget submission has emphasised the need to simplify the rules and regulations for profit sharing in order to promote wider share ownership. Among its proposals are:

rebasing the acquisition cost of shares for capital gains tax purposes;

aligning the limits for share subscription relief and share buy-backs with other limits;

and specific measures to extend share ownership to employees of privately-owned companies.