Monday July 6, 2020

Budget taxes here to stay

It looks likely that the Minister for Finance will focus on what people spend, rather than on what they earn, in order to raise the much-needed revenue, writes Brian Keegan.

4th December, 2011
Michael Noonan: looking for tax increases in the order of €350 million. Photo: Getty

When Minister for Finance Michael Noonan announces his tax changes on Tuesday, those changes are for keeps. The biggest challenge for the minister as he frames the tax measures in his first budget is sustainability. He needs to impose taxes that will work in 2012 and beyond, and continue to bridge the gap between government expenditure and government income.

Ireland is not an especially high tax country, but it doesn't feel that way now. The wind-chill...

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