In every issue of The Bottom Line, we ask students for their thoughts on a particular topic. This month, we want to know: What change do you hope to see in Ireland in 2025?
Colm O’Keeffe
PwC
One change I would like to see in the next year is to the capital gains tax (CGT) regulation, which requires payment on unrealised gains for shares held for more than seven years, which is extremely onerous for Irish investors.
This rule forces early sales to avoid taxes, which deters long-term investment.
Flexibility and sustained investment would result from matching CGT liability to actual realised gains. A change to this regulation would encourage market activity and promote economic expansion.
I hope legislators take these things into account and enact changes that strike a balance between the advantages of long-term investment and the need for tax money. Ireland's investment climate would be more vibrant and resilient if CGT regulations were more investor-friendly.
Mark Healy
EY
Ireland has the potential to be a beacon of inclusivity, especially in today’s challenging global landscape.
As we navigate issues like climate change, economic uncertainty and social inequality, we must foster a society that embraces diversity.
In 2025, I hope that we as a country place a large emphasis on promoting the voices of marginalised communities.
We must encourage policies that support equal access to education, healthcare and employment ensuring that everyone has a fair chance to thrive. We need community initiatives that celebrate cultural differences and can foster understanding and solidarity among citizens.
Moreover, we should engage in open dialogues about our shared values and collective future, recognising that our strength lies in our unity.
By embracing inclusivity over the coming years, Ireland can not only strive domestically but also serve as a model for other nations, demonstrating that a diverse society can lead to resilience in the face of adversity.
Conor Flynn
EY
In 2025, I hope to see Ireland harnessing the €14 billion received as part of the recent Apple tax ruling to significantly boost infrastructure investment.
This landmark ruling could provide a vital opportunity to enhance transportation, housing and water infrastructure across the country. With the strategic allocation of these funds, Ireland can improve roadways, public transit systems and aged water systems thereby fostering economic growth and regional development.
Additionally, investing in sustainable infrastructure would not only address current challenges but also prepare for future needs. By prioritising these enhancements, Ireland can create a more resilient and interconnected society, ensuring prosperity for all its citizens.
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