"Drop capital gains for entrepreneurs to zero," Senator Mary White

Ireland is not competing with the UK's rate of 10 per cent, White says

Barry J Whyte

Chief Feature Writer @whytebarry
3rd December, 2015
A near-zero rate would stimulate more business and more jobs, White said Pic: Rollingnews.ie

Fianna Fáil Senator Mary White, who co-founded Lir Chocolates in 1987, said that Ireland’s capital gains tax for entrepreneurs should be as close to zero as possible.

In November’s budget, Minister for Finance Michael Noonan reduced the capital gains tax on the sale of all or part of a business from 33 per cent to 20 per cent, a move intended to encourage entrepreneurs to start up more small businesses around Ireland.

...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years