AIB: give tax breaks to developers and landlords to fix crisis
● State’s largest bank says Vat should be reduced to 9% for fixed period; ● AIB calls for tax cuts for small, independent landlords to boost sector
AIB, the state’s largest bank, has called on the government to cut taxes for property developers and landlords, in a radical policy prescription that it says is necessary to tackle the housing crisis.
The bank endorsed the controversial policy of dropping Vat for the construction industry to 9 per cent, a move that could cost the exchequer hundreds of millions of euro, and a policy that was dismissed by Minister for Finance Paschal...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures