Monday June 1, 2020

IVCA chairman wants cut in capital gains tax

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.

Emmet Ryan

Technology Correspondent

@emmetjryan
21st September, 2014
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 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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago