Tax Reliefs
Dail Éireann — 2026-05-26
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Tony McCormack (FF), Offaly

I thank the Tánaiste for his response. I welcome the Government's continuing focus on competitiveness and supporting indigenous enterprise. As we all know, investment is vital in enabling companies to grow and expand and for start-up companies to get off the ground. However, Ireland's 33% CGT rate remains among the highest in Europe and there are growing concerns that it can discourage reinvestment, entrepreneurship and business scaling.
The Taoiseach himself recently acknowledged concerns that Ireland may be losing some investment and capital when people sell businesses and relocate elsewhere.
He also made the important point that what matters is ensuring that capital is recycled back into smaller companies, innovation and new technologies. In that context, would the Tánaiste agree that there is merit in examining a more competitive and targeted capital gains tax approach for active business assets, particularly where proceeds are reinvested into Irish enterprise, regional employment and productive economic activity?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-05-26/debate/main
Retrieved: 2026-09-14T01:01:04+00:00
Sitting date: 2026-05-26