"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
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.
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