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number of areas that need to be looked at but, as I said, it is tax neutral. In the area of capital gains tax relief, we would be asking to introduce, as is the situation in the UK, full capital gains tax exemptions for business owners who sell

industry proposals on employee ownership trusts in recent months. Following these discussions, I am informed by officials that changes to discretionary trust tax, capital gains tax, which was referenced here, and to the close company surcharge, have been raised by stakeholders as potential necessary amendments to the tax

continue to be realised through share sales. The banks' share prices recognise a certain value for the tax losses and, as such, the State receives value for the balance of tax losses if share sales are completed. As we all know, the State retains approximately a 57.5% shareholding … have restrictions on loss relief, direct comparisons are of limited value. This is due to the tax system in Ireland being a scheduler system of taxation in which income and gains are divided into different categories based on resource. Under this system, losses carried forward can only

land acquisition for the first two sites, planned for the west and east of the country, is coming from my Department's capital allocation under the revised national development plan. A third site is planned for the south in future years. Each next generation site development will … process. The sectors targeted by next generation sites will provide quality, skilled employment that pays high salaries, thereby contributing to our corporation tax, PAYE and PRSI receipts. Additionally, further returns on investment will come from site rental or sale. At a local level, Irish-owned enterprises will benefit

collaborating and benefiting from all that this bestows upon us. CERN membership means opportunities for Irish firms to win contracts, for students to gain experience at the frontier of physics and for our regions to benefit from skills and the know-how that flow back. Of course, CERN … that have the power to change the landscape of research and science, over half of my Department's €4.5 billion national development plan capital budget will now be earmarked for research and innovation initiatives. This allocation recognises my Department for what it is, namely, an economic Ministry with

Deputy Barry Ward asked the Tánaiste and Minister for Finance his views on whether the existing level of capital gains tax acts as a disincentive to investment in the stock market; and if he will make a statement on the matter. [66055/25

Deputy Ken O'Flynn asked the Minister for Finance the amount of revenue raised through capital gains tax (CGT) for the financial year ending 2024; and the percentage of the total taxation revenue CGT represented for the same period. [59958/25