Financial Instruments
Dail Éireann — 2026-04-21
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Simon Harris (FG), Wicklow

I would put it in a slightly different way, but I agree with the broader point. Given our country's huge success in financial services, the considerable revenue, jobs and prosperity this has resulted in and the fact that we have in many ways become a global hub for financial services, there is an irony in our being a major global financial services centre when, at the same time, we have locked so many of our citizens out of meaningful participation. "Ironic" is probably the diplomatic word. We have to challenge ourselves, and I have to challenge myself, to see how we can ensure the tax regime in this country is not getting in the way. It is the Government's job to help where it can, but it is also sometimes the Government's job to get out of the way. Our tax regime is in the way of people being able to invest and to access ETFs and their like.
Deputies Brennan and Boland quite rightly made a point on the differential between the exit tax and CGT. In fairness to former Minister Donohoe, there was a step made in the right direction with the decrease from 41% to 38%. However, CGT is at a different level.
We have made it clear as a Government that we are committed to making progress on this, ensuring Ireland has a much more diversified savings and investment offering, ensuring that is accessible to all our citizens and not just the wealthy, and ensuring the tax system is fair and that politics is not just a reductive debate about how to hand out public money but a more sophisticated and informed one about how to ensure hard-working families are able to get ahead, and not just get by in life, by making sure the tax system works in that direction.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-04-21/debate/main
Retrieved: 2026-09-21T01:01:08+00:00
Sitting date: 2026-04-21