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...

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