Cantor Fitzgerald Ireland Limited (Cantor Fitzgerald Ireland Limited)

Lobbying Organisation Cantor Fitzgerald Ireland Limited

Date published 17 Jan, 2024

Relevant Matter Legislation

Public Policy Area Taxation

Period 1 Sep, 2023 to 31 Dec, 2023

Specific Details Tax treatment of investment funds

Intended results Seeking normalisation of tax treatment of investment funds vis a vis tax treatment of other financial assets (e.g. deemed disposal, CGT vs Fund Tax). Benefits include: Increase the tax received by the exchequer over the long term via higher compound returns; Alignment of regulatory and taxation policies to further protect the retail investor by encouraging investment in diversified funds (the optimal structure for retail investors) Lower the cost of investing for the retail sector; Enable retail investors to access higher yielding cash returns - exit tax greatly reduces the incentive to move from zero yielding deposits to higher yielding risk-free funds Foster an investment culture in the state - removing disincentives to invest and save can only benefit the country in the long run

Name of person primarily responsible for lobbying on this activity Pearse Mac Manus

Did any Designated Public Official(DPO) or former Designated Public Official(DPO) carry out lobbying activities on your behalf in relation to this return? You must include yourself, and answer Yes, if you are a current DPO or a DPO at any time in the past. (What is a Designated Public Official?) No

Did you manage or direct a grassroots campaign? No

Was this lobbying done on behalf of a client? No

Lobbying activity

The following activities occurred for this specific Subject Matter Area.

Meeting (1)

Designated public officials lobbied

The following DPOs were lobbied during this return period on this specific Subject Matter Area. These DPOs were involved in at least one of the Lobbying Activities listed above, but not necessarily all of them. As returns are specific to a Subject Matter Area the above Lobbying Activities may be associated with multiple returns.

Michael J. McGrath Assistant Secretary (Department of Finance)