Euronext urges Simon Harris to scrap 1pc stamp duty on shares in bid to stem loss of Irish listings

Euronext, the pan-European stock exchange operator, has formally requested that Irish Taoiseach Simon Harris abolish the 1% stamp duty currently applied to share transactions in Ireland. The exchange argues that this tax is a primary factor driving companies away from the Irish market, contributing to a decline in local listings.

The proposal is positioned as a strategic measure to improve the competitiveness of the Irish financial sector and stem the loss of domestic equity listings. By removing the levy, Euronext aims to align Ireland more closely with other international financial hubs and encourage businesses to maintain or seek listings on the Irish exchange.