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.

Ireland’s economy is the “most vulnerable” to Britain’s potential exit from the EU, with a 2.2% impact on growth rates a possible consequence of the fallout.

The Small Firms Association has submitted a list of 28 measures on which it wants government action to help create the next 100,000 jobs across the economy.

The Small Firms Association (SFA) has urged the Government to introduce a “no-nonsense” 20% capital gains tax for existing companies in the October budget, as a means of encouraging entrepreneurs and small business owners to reinvest in their own or other ventures.

The Small Firms Association says business is finally looking up for many companies.