Irish stealth wealth tax on new investment accounts could erode €185k over 30 years

Critics warn that a 1% annual tax on Ireland's proposed personal investment accounts could reduce long-term returns by €185,000 over 30 years, acting as a stealth wealth tax. The policy, championed by PM Simon Harris, is under scrutiny for its potential to discourage long-term saving and investment. The impact on market participation and capital formation is uncertain but could be significant for Irish retail investors.