Budget 2024

Stock exchange: Ailing Euronext’s pleas for stamp duty cut ignored

Simon Coveney confirms government will not introduce tax incentives on trading to support the country’s public equity markets

Daryl Byrne, chief executive of Euronext Dublin: A report by Grant Thornton and the stock exchange recommended that stamp duty on share trading be abolished

The government will not introduce any tax measures or incentives as part of Budget 2024 to encourage new companies to float on the Irish stock exchange or retain existing listed business, Simon Coveney, the Minister for Enterprise, has confirmed.

Speaking after Budget 2024 was announced on Tuesday, Coveney admitted there had been a number of “high profile” departures from the Irish stock exchange over the 12 months, but said the government had no specific measures ...