Ms Mary Rose Burke:

I agree with what Mr. Talbot has said. There should be differentiation between the different types of capital gains. We need to incentivise entrepreneurs to repeatedly invest their gains and the tax code must do that in such a way that they are not waiting ten or 15 years to see the benefits.

Equally, we have seen previously that where capital gains tax has been reduced, the overall capital gains tax take has increased. We would argue that the rate should be reduced to increase the total revenue from that stream.