IVCA chairman wants cut in capital gains tax

IVCA chairman wants cut in capital gains tax
John Flynn, new chairman of the IVCA: What we really want to do is attract entrepreneurs who have invested in tech' Picture: Feargal Ward

The new chairman of the IVCA has claimed that the current CGT doesn't take into account the competition Irish start-ups face in seeking out investment.

The new chairman of the Irish Venture Capital Association (IVCA) has claimed that the current capital gains tax (CGT) doesn't take into account the competition Irish start-ups face in seeking out investment.

John Flynn, managing director of ACT Venture Capital and the IVCA's new chairman, told *The Sunday Business Post* that the current CGT rate of 33 per cent doesn't differentiate between investments.

''We feel that CGT is too blunt. It's not tailored to take into...

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