Critics warn deemed disposal tax threatens Ireland's status as funds hub

Insiders warn that Simon Harris's failure to scrap the 'deemed disposal' exit tax on ETF gains risks damaging Ireland's credibility as a global investment fund center.

6 Sept, 04:30 — 6 Sept, 04:30

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irish-independent14h ago

‘Everyone accepts it’s a problem’: Simon Harris’s failure to scrap ‘deemed disposal’ tax risks our credibility as funds hub, says insider

Under the rule, investors in exchange-traded funds (ETFs) pay a 38pc exit tax every eight years on gains on the investment, even if the gains have not been realised

By Fearghal O'Connor

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Critics warn deemed disposal tax threatens Ireland's status as funds hub

Sources

‘Everyone accepts it’s a problem’: Simon Harris’s failure to scrap ‘deemed disposal’ tax risks our credibility as funds hub, says insider

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