Not all tax incentives are popular. Much of the talk surrounding the recent budget had to do with the new help-to-buy incentive, a tax rebate of up to €20,000 to set against the borrowings for a new home. The main complaint was that this kind of tax incentive would drive up the cost of housing for prospective owners, rather than achieve its eponymous help-to-buy objective. In purely economic terms, help-to-buy does not directly address the...
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