How Donohoe can break the shackles on entrepreneurs
It’s time for action on capital gains tax – and enhancing relief for business owners would be a good start, writes Olivia Lynch of KPMG
By their very nature, Irish entrepreneurs are optimistic and positive. They want to create jobs, expand their footprint and scale their business. However, if you want to really draw their ire, just mention three letters: CGT.
Capital gains tax has long been the bête noire of Irish business, with the headline rate of 33 per cent viewed as a disincentive to entrepreneurship and investment.
The entrepreneur relief was the government’s response to that criticism....
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