Saturday February 22, 2020

The back door route to raising extra revenue

Minister Paschal Donohoe has followed a global trend by using indirect tax to fill the exchequer coffers

14th October, 2018

Increases in indirect tax, in the form of certain Vat, excise duty, vehicle registration tax (VRT) and betting duty increases, were the most significant revenue-generating measures in Budget 2019. These increases in indirect tax are estimated to result in an increased yield for the exchequer of around €590 million in 2019 and around €670 million in a full year.

That the Minister for Finance should use indirect taxes to raise exchequer funds is not surprising. It reflects...

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