Small Firms Association warning on low capital spend

The Small Firms Association has called for a new 10% capital gains tax rate and said that spending on capital projects remains at dangerously low levels.

The SFA’s pre-budget submission to the Department of Finance comes as Engineers Ireland also warned about capital spending, saying the housing crisis could go on for many more years because there are too few engineers to build infrastructure.

Calling for a new 10% tax rate for entrepreneurs, the SFA highlights the shortfalls in capital spending.