This petition calls for the abolition of the deemed disposable rule for exchange traded fund's(ETF)

Right now in Ireland when you invest in a ETF such as the "Vanguard S&P 500 ETF" or "iShares Core World ETF" you have not only to pay a maintenance fee to Vanguard or BlackRock but also have to pay a higher rate of tax of 41% compared with 33% for individual stocks, and if that was not harsh enough the government say you have to pay that 41% tax every 8 years whether you sell your investment or not, and in doing so killing compound interest, Albert Einstein called compound interest the "8th wonder of the world" the very thing that makes it worth while holding an ETF fund in the first place.

Another point is that in allowing compound interest to work would result in a far higher tax take for the government.

The majority of financial advisors and top investors recommend being in a diversified fund for good returns on your investment and for the safety of your money.

The Irish government is knowingly or unknowingly pushing the Irish people into riskier investments i.e. individual stocks, property, etc. and in doing so putting the ordinary person at a greater risk of losing their savings.

As Warren Buffet said that the majority of people should be invested in ETF funds as they are far safer than picking individual stocks.

The abolition of deemed disposable for ETF's would provide a fairer treatment of Irish citizens and push them towards a safer investment than is currently available when investing in the Republic of Ireland