Government told to cut capital gains tax to save Irish stock exchange
Fears for future of Dublin stock exchange as Smurfit Kappa becomes the latest firm to signal intent to leave
Capital gains tax paid by company founders must be slashed to revive the Irish stock exchange, a consortium of industry bodies has warned, as pressure grows on the government to address the exodus from Euronext Dublin.
Concerns are rising among stockbrokers, analysts and government officials about the viability of Ireland’s equity markets after Smurfit Kappa became the latest major company to signal its intent to depart the Irish market.
Several sources have told the Business Post that the marked slowdown in trading activity on the exchange – 21 companies have de-listed since 2018 – is having an impact across the financial sector.