Saturday August 15, 2020

Tom Maguire: Much-vaunted stimulus package doesn’t go far enough

A dramatic drop in the capital gains tax rate could lead to a huge influx of revenue

2nd August, 2020
We were asked to shut down our economy, so we need a quid pro quo whereby we ask, not what business can do for tax, but what tax can do for business. Picture: Getty

I’ve been writing in this column about tax measures required to escape the current Jurassic economy for some time now. Last week saw the publication of the Financial Provisions (Covid-19) (No. 2) Bill 2020 (Covid Bill). This contains the draft law behind the tax bits of the July stimulus package. However, business had asked for more than what it currently says. The Rolling Stones famously sang that “you can’t always get what...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Despite the economic carnage being witnessed around the world, investment returns are holding relatively steady

Eugene Kiernan | 1 day ago

New city maps marking where masks must be worn outdoors demonstrates France’s confusing approach to Covid-19. As tougher and more complex rules pile up, there is a risk that the public’s trust will be eroded

Lionel Laurent | 2 days ago

Rapid announcements followed by long implementation periods may have been acceptable at the start of the crisis, but five months on, there is no excuse for this type of tardiness

Ian Talbot | 6 days ago