| 15.5°C Dublin

Close

Premium

Small firms press for capital gains tax break to offset new global minimum tax

The OECD hopes to finalise 15pc deal by October 

Close

ISME's Neil McDonnell

ISME's Neil McDonnell

ISME's Neil McDonnell

Small firms are eyeing other tax breaks to offset what they believe is an “inevitable” future rise in corporation tax.

In a letter to the Department of Finance, the association for small and medium-sized enterprises, ISME, has called for an 8 percentage point cut to capital gains tax (CGT) and clarity on what deductions will be available under a global minimum tax rate of 15pc.

The Government has so far opted out of a global deal signed by 131 out of 139 countries at the Organisation for Economic Cooperation and Development (OECD).


Most Watched





Privacy