Tax take drops to alarming levels
The most recent exchequer figures might have prompted the government to call an emergency budget, but the state’s tax returns have been in free-fall for more than a year
Ian Kehoe
Another month, another set of grim exchequer figures. This time, however, the numbers were so bleak that the government was forced into immediate remedial action, and a new budget is now set to be unveiled within weeks.
The latest tax return figures, released last Tuesday, revealed an ever-growing hole in the national purse, with all forms of taxation revenue falling sharply. Even excise duty, one of the government’s ‘old reliables’, was down by a third....
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