I request a debate on the Oireachtas joint committee's report on key issues for female entrepreneurs in Ireland and their participation in the tech sector, in respect of which I had the honour to act as rapporteur, and ask that the Minister for Jobs, Enterprise and Innovation come before the House to engage in said debate. My presentation was unanimously accepted by the membership of the Oireachtas joint committee, including Senator Michael Mullins who is sitting behind the Leader. There are 12 recommendations made in the presentation, each of which is very important. However, I draw attention to one recommendation because it is parallel to a statement made by the Irish Tax Institute this week which highlighted that Ireland was not advancing up the global rankings on entrepreneurship. Key Irish entrepreneurs and business leaders have expressed serious concern about our tax environment. As a small open economy, Ireland's export sales are necessary in order to sustain our standard of living and existing employment and to create new employment. It is a sad fact that there is still 9.5% unemployment and that the figure for youth unemployment stands at almost 21%, which represents a loss of human capital. In July 2015 the National Competitiveness Council drew attention to the hundreds of third level graduates who had left the country.

This is the key point. The Joint Committee on Jobs, Enterprise and Innovation suggested that, in the next budget, the Government should remove the tax discrimination facing self-employed entrepreneurs, including PAYE tax credit and the lack of social welfare rights. The Government should consider an entrepreneurs' capital tax at a much lower rate than the current horrendous 33% capital tax rate.

The Senator is out of time.

What is happening is very worrying. Many Irish potential entrepreneurs are leaving to set up businesses in the United Kingdom and the United States because of our horrendous 33% capital acquisitions tax.

I support Senator Mary White in her call to have the rate of capital gains tax brought down. It is utterly ridiculous at 33%. We will actually get more money in if we bring it down. I would not agree, however, on female entrepreneurs. Being a female entrepreneur - if I even understand that word - a person who has been involved in business since I was 16 years old, I never had a problem. I do not know whether I am female or male when I am involved in business. To me, that is a load of balderdash.

On a point of order, if as many women set up businesses as men every month, we would have 500 extra jobs a month.

That is not a point of order.