New research from the Economic and Social Research Institute (ESRI) has found that increasing tax bands, tax credits and social welfare payments in line with price or wage inflation could cost up to €1.2 billion in Budget 2020.
The think-tank also finds, however, that the cost to the Exchequer of this process, known as indexation, would be partly offset by also indexing certain indirect taxes – such as those on alcohol and tobacco, and the carbon...
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