Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Support us today
Not now
Saturday 30 September 2023 Dublin: 11°C
shutterstock CGT
# Poll
Poll: Should Capital Gains Tax be reduced?
Is it time that Capital Gains Tax be reduced or does it bring in much needed funds to the Exchequer?

IRELAND IS JUST behind France at the back of the European pack of highest Capital Gains Tax (CGT) chargers, writes Aaron McKenna in his column this week, stating that CGT is a disincentive to invest and create jobs, plain and simple.


He writes that Capital Gains Tax has gone up four times since 2008, from 20 per cent to 33 per cent and it brought in €369 million of the total €37.8 billion the State collected in tax last year.

Competitor countries of ours like The Netherlands, whom the IDA would identify as a key challenger for foreign investment, charge no CGT.

In today’s poll, we want to know: Is it time that Capital Gains Tax be reduced?

Poll Results:

No (1572)
Yes (858)
I don't know (276)

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.