High capital gains tax rate blamed for medtech start-up sector losing funding
Ireland’s medtech sector is losing funding from its start-up scene as entrepreneurs are channeling their investment abroad, an industry body has warned
Ireland’s medtech sector is losing funding from its start-up scene as entrepreneurs are channeling their investment abroad, an industry body has warned. The Irish Medtech Association has cited the state’s capital gains tax (CGT) rate of 33 per cent as one of the key issues faced by the sector.
CGT is payable on the profits after an asset is disposed of. Ireland’s rate is one of highest in western Europe and cited by ...