Paul Coghlan (Fine Gael) | Oireachtas source

Something struck me very forcefully when Mr. Walsh was talking about the penal rate of capital gains tax of 33.3%, up from a rate of 20%. I fully share his view that there is a lot of capital tied up from which people are afraid to part because of this penal tax rate. It is capital that could be freed up to find a new home to fund new and fresh investment. It is something I would like to put strongly to the Minister of State who has left. The message should be: do not worry; it will not be lost.

We are against the clock. Will our guests comment briefly on those points?