Politics
Aidan Regan: Abolishing the USC will only exacerbate the fundamental problems of our tax system
The USC is income tax, and rather than shrinking our revenue by getting rid of it, we need to expand our tax base
Ireland’s corporate tax boom is an invitation to do some very stupid things, such as cutting income taxes, including the Universal Social Charge (USC), further shrinking an already extremely narrow tax base.
What the 2022 census clearly shows is that Ireland’s population is growing way beyond what our infrastructure and public services can handle. We need a decade of ambitious forward-thinking investment, not tax cuts. We need to expand our tax base to finance future ...
