Small firms call for tax cuts and minimum wage restraint

The SFA said small businesses are now looking beyond the pandemic at what their trading outlook will look like in the weeks and months ahead

The SFA said Budget 2022 must take "decisive action to stop the discrimination in the tax system against the self-employed and proprietary directors". File picture: Larry Cummins

Capital Gains Tax (CGT) should be cut to 20% in the upcoming budget in order to stimulate investment and entrepreneurship the Small Firms Association (SFA) has said.

Outlining their pre-Budget submission, the business representative group said significant benefits could be derived through exchequer increases as economic activity and investment transactions are stimulated.