Skip to content
#Open journalism No news is bad news

Your contributions will help us continue to deliver the stories that are important to you

Support The Journal
CGT
CGT
Image: shutterstock

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?
Jan 11th 2014, 9:54 AM 10,279 42

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.

Tax

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 (1571)
Yes (852)
I don't know (276)



#Open journalism No news is bad news Support The Journal

Your contributions will help us continue to deliver the stories that are important to you

Support us now

Send a tip to the author

Christina Finn

COMMENTS (42)

    Back to top