Linking tax and benefits to inflation positive but costly, ESRI finds
It would cost €460 million to peg taxes and welfare payments to prices and €1.2 billion to link them to wage growth
New research from the Economic and Social Research Institute (ESRI) has found that increasing tax bands, tax credits and social welfare payments in line with price or wage inflation could cost up to €1.2 billion in Budget 2020.
The think-tank also finds, however, that the cost to the Exchequer of this process, known as indexation, would be partly offset by also indexing certain indirect taxes – such as those on alcohol and tobacco, and the carbon...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Willie O’Reilly: Iniesta’s schoolboy error could cost him dearly
The former Barcelona playmaker is in hot water after he endorsed a cryptocurrency platform on Twitter without disclosing that he had been paid to do so
Susan O’Keeffe: IFAC’s analysis deserve to be discussed by civil servants and advisors in a public way
Any rejection of the Council’s advice must be grounded in solid argument
John Walsh: Sinn Féin may find political prose harder than opposition poetry
Assuming it is the main player in the next government, the party is likely to soon find out that keeping its promises will come at a high price