‘Continent has maybe lost its way’ – new focus on increasing competitiveness as US changes outlook

Aileen Daly, tax partner with EY Ireland, pointed out we have the highest rate of Capital Gains Tax in Europe

High rates of tax and over-regulation are two of the biggest obstacles facing foreign direct investment in Ireland, the AmCham global business conference in Dublin has heard.

Compliance reporting for companies has “exponentially increased” in the last few years, and “has probably gone a little bit out of control”, EY Ireland partner Aileen Daly told the conference.