Quote Originally Posted by rockofcashel
Of course, while Maximus scare mongers about employees losing up to 500 euro a year from paying CGT, he fails to mention that CGT only applies on profit from shares over 1000.

I've been getting and exercising share options for the past 8 years, and never had to pay a penny in CGT.

He also fails to mention, that the 1% drop in VAT will most likely offset the CGT rise, and in fact will benefit more people, as everyone benefits from VAT cuts, while only those making capital gains, are subject to CGT
Facts do so ruin a good partisan spinning session though.

Page 9 of the Irish Times yesterday was a glowing review of our taxation proposals as the most responsible, most equitable and most realistic of the lot. Only the Green Party are working off assumptions that economic growth will be around the 4% mark, only we are talking about cutting VAT instead of PAYE and only we (and SF) are talking about axing smart to encourage consumers to consume responsibly. All the others are just continuing with business as usual, cutting taxes and promising excellent public services. I'm especially disappointed with Labour in this regard.