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...
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