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Fine Gael pledging to cut Capital Gains Tax to 10% for start-up companies

Fine Gael says it will cut Capital Gains Tax to 10% for start-up companies. The party says it wan...
Newstalk
Newstalk

11.46 6 Feb 2016


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Fine Gael pledging to cut Capi...

Fine Gael pledging to cut Capital Gains Tax to 10% for start-up companies

Newstalk
Newstalk

11.46 6 Feb 2016


Share this article


Fine Gael says it will cut Capital Gains Tax to 10% for start-up companies.

The party says it wants to make Ireland an international centre for start-ups and create 93,000 jobs in the sector during the next government.

It says the number of start-up companies can be increased by 25% - or 3,000 - extra per year.

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Outlining the plan in Park West in Dublin, Enda Kenny said, "two thirds of jobs created in an economy are in companies less than five years old. In a small, open economy like Ireland’s, a vibrant start-up community, in all sectors, is of vital importance.

"Ireland has no shortage of talented and successful entrepreneurs but, compared to international competitors, we have an average level of new company start-ups. Our ambition is to make Ireland an international centre for start-ups," he added.

The party is also pledging to improve the infrastructure to support small businesses.

Jobs, Enterprise and Innovation Minister Richard Bruton said, “we know broadband is absolutely critical for rural start-ups and, within the next Dáil term, Fine Gael guarantees the delivery of next-generation broadband to every household and business in the country".

He added that "no town, village or parish will be left behind" by the National Broadband Plan.


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