Call to cut capital gains tax in budget

The upcoming budget offers the Government the opportunity to deliver a range of reforms that encourage entrepreneurship and ease the burden on hard-pressed workers.

In its pre-budget submission, Cork Chamber of Commerce called on the Government to introduce a range of measures including a reduction in the marginal rate of income tax and a cut in capital gains tax (CGT) for entrepreneurs, as well as maintaining the 9% Vat rate for the hospitality sector.

A particular focus is given to helping the lot of entrepreneurs and strengthening the region’s startup ecosystem.