Mr. Sean O'Sullivan:

Yes. That is the OECD average. We should be at 16.5%. One could also argue that the capital gains tax in most developed countries is no higher than half the highest rate of income tax. If income tax is 52%, the highest possible capital gains tax would be 26% but ours is at 33%. We have violated international standards for the high point for capital gains tax. The 16.5% rate is great for start-up businesses.

It is not easy. I understand people think the policy in place covers this, but there are so many hoops to be jumped through it is too complicated for them to understand. Not only is it too difficult for them to understand, it is also too difficult to implement.