Official report proposes tripling of property tax

The property tax could be tripled to €1.5 billion, allowing for a Euro 1 billion cut in income tax, an official government study has proposed.

20th July, 2014

The property tax could be tripled to €1.5 billion, allowing for a €1 billion cut in income tax, an official government study has proposed.

This would form part of a suite of measures, such as increases in carbon tax and improvements in job training for workers, which it is predicted would create 26,000 new jobs between now and 2020.

The proposals to raise €1 billion more in property tax and match it with a €1 billion reduction...

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