KPMG made a Pre-Budget 2020 Submission to the Department of Finance on 2 May 2019.
Our submission is based on KPMG’s experience as the largest provider of business taxation advice in Ireland. The focus of the submission is on suggested changes to the tax regime on capital gains and the return on capital invested by Irish entrepreneurs.
We have set out recommendations on national taxation policy which we believe would have a significantly positive impact on the economy through supporting and retaining business investment in Ireland.
We believe that our recommendations on corporation tax changes can enable Ireland to continue to move along a path towards a corporation tax code which offers a simplified rate structure and which is more powerful in supporting and retaining investment from internationally mobile investment as a result.
On a similar theme, we have made recommendations that seek to reduce the rate of tax on profits (whether capital gains or dividends) realised by individual entrepreneurs. The entrepreneurs we have in mind include founders of businesses with high growth potential, owners of family businesses as well as highly mobile individuals with entrepreneurial skills and capital.
Registered TaxWatch users can also read more about KPMG’s Pre-Budget submission here.
If you wish to discuss KPMG’s Pre-Budget 2020 Submission, please contact any member of your KPMG team.
© 2020 KPMG, an Ireland partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.