The drive to encourage Europeans to invest their money
17 February - 7 mins
Podcast Series
Breakfast Business with Joe Lynam
Ireland is one of the least attractive places for people to invest their money. The Capital gains tax rate is among the highest at 33%. There are also very high taxes on investing in ETFs and that's not forgetting the deemed disposal tax which applies even if you haven't sold your investment. But the mood in Europe is changing and Ireland is changing with it. Now there’s a strong drive since the informal EU council meeting last week to encourage Europeans to invest their money rather than earn next to nothing on savings accounts.
Here to tell us more is Michael Healy the Managing Director with the trading platform IG.
Series Episodes
