Options for raising tax revenue in Ireland
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May 21, 2021
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Increases in taxes on income, consumption and property may be needed to fund future public spending, according to new research published today by the ESRI.
Future spending pressures combined with potential declines in corporation and motor tax receipts mean that significant future tax increases are likely to be needed in the years ahead. While these should be avoided until the economy has recovered from the pandemic, the research shows that increases to income tax, VAT or the Local Property Tax could raise significant sums of revenue.