Ian Kehoe on Business

Ian Kehoe on Business
Rory McElroy: accounts for 2015 show ‘intangible assets’ of €400 million

Capital gains tax rate, the bête noire of Irish business, must be cut

If you really want to draw fire from Ireland’s entrepreneurial classes, just lip synch three simple letters: C-G-T. The startlingly high capital gains tax rate has long been the bête noire of Irish business, a three- letter rebuke to any government minister championing Ireland’s business-friendly bona fides. The headline rate of 33 per cent is too high, too rigid and too blunt, and the exemptions for entrepreneurship are simply too low.

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