Good moves on roads, but not on tax

Almost 156,000 new cars were sold in Ireland this year, an increase of 6.5 per cent on last year.

25th December, 2004

Almost 156,000 new cars were sold in Ireland this year, an increase of 6.5 per cent on last year.

Once again, sales were held back by the undermining presence of Vehicle Registration Tax (VRT), with changes to benefit in kind rules providing an additional hindrance.

The government has yet to apply to the motor industry the lessons of its own successful policies on general taxation: get the rates down and the revenue goes up.

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