Tom Maguire: Tax Commission’s SME advice is weighty, but right on the money

The Commission on Taxation’s recent report touted laudable changes to make the ‘dynamic trio’ of EIIS, R&D tax credits and Keep more effective in nurturing small and young businesses

When it comes to investment, simplicity eats complexity for breakfast. Illustration: Getty

The Commission on Taxation issued its report recently. It weighs in at more than 500 pages with over 100 recommendations on changing the tax system so it’s inevitable that there will be strong and sometimes diverging opinions on the recommendations it makes.

Much has already been written, for example, on the proposed increase in inheritance tax liabilities, or paying capital gains tax (CGT) when you sell your home or when you die among other issues. ...