A Waterford based IT service firm, HCS, says it will spend €3.2m on doubling its headcount to 60 people.
Just 15,800 people who each earn more than €250,000 a year are receiving a total of €130m every year in tax relief on pension contributions from the Exchequer.
Department of Finance chief economist John McCarthy has warned that the Government cannot take full responsibility for cushioning the blow of inflation.
