‘Sin taxes’ to improve public health and wealth tax being actively considered
Professor Niamh Moloney, the chair of the Commission on Taxation and Welfare, has also said it will be looking at a wealth tax
A wealth tax and new “sin taxes” to improve public health, are set to be considered by the state’s independent tax advisory body.
The Commission on Taxation and Welfare was set up due to concerns that the country’s current tax take of €73 billion will not be enough to pay for the higher pension and healthcare costs of an ageing population and the costs of reducing carbon emissions.
Professor Niamh Moloney, the chair of the commission, confirmed to the Business Post that it would be looking at a wealth tax.