Wednesday June 3, 2020

OECD calls for bigger property tax take

The OECD lowered its growth forecast for the world economy this year from 3.3 per cent to 3.2 per cent, mainly due to the effect of trade tensions on trade levels and investment

21st May, 2019
OECD chief economist Laurence Boone at its Economic Outlook. Pic: Getty

An increase in property tax receipts would “help rationalise property purchase demand”, according to the Irish section of the Paris-based body’s latest Economic Outlook.

The OECD lowered its growth forecast for the world economy this year from 3.3 per cent to 3.2 per cent, mainly due to the effect of trade tensions on trade levels and investment. It said trade growth of 2 per cent this year would be the lowest...

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