Greens recently blocked CGT reduction to 20%

Purple

Frequent Poster
Messages
9,954
How so?

You are correct that VAT, excise and other indirect taxes are indeed very high in Ireland. But that's something different.
Te State is the biggest cost and the biggest spender within the State. They take the largest proportion of the cash within the economy and spend it. If they are inefficient then the country is inefficient. Inefficiency is the biggest driver of excess cost.
 

bbound

New Member
Messages
8
Surely keeping CGT at 33% stops people from selling assets and its so prohibitive there must be a high percentage that don't declare it.

Reducing it would ensure more declare.
 

Zenith63

Frequent Poster
Messages
579
Surely keeping CGT at 33% stops people from selling assets and its so prohibitive there must be a high percentage that don't declare it.

Reducing it would ensure more declare.
Interestingly the Dept of Finance argue that decreasing it would encourage more aggressive tax planning to shift what should be taxed as income into the CGT regime, whereas keeping income tax rates and CGT rates similar makes the risk of such activity less attractive.
 
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