You get favourable tax treatment for investing in a pension. What do you want? A free ride just because you are a long term investor? Is Ireland really such a outlier with regard to how it treats people who invest in equities? Capital gains is not unique to Ireland.
Also agree about the complexity, however the strategy of "letting Revenue come looking for you" is a very, very bad idea. Ignorance of the rules is not a defence and at a minimum you will be charged 10% interest per year on any outstanding tax due, with the strong additional possibility of penalties and interest on the penalties too. There's not much point investing in ETFs if you're going to willfully incur penalties that could be greater than the returns.
In the first case, if I earn a salary, that salary is taxed. Fair enough. But I do believe that I should be able to do whatever I want with the remainder -- whether that is allow it to accrue interest in a savings account or grow from being invested.
You are allowed to do whatever you want with it.But if you use it to generate more income, there's no reason that income should not be taxed also.
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