Higher rates of income tax and VAT needed for future State spending, Economic and Social Research Institute

As The Irish Times reports, while increasing tax should be avoided until the economy has recovered from the pandemic, it said increases in income tax, VAT or the local property tax could “raise significant sums of revenue”. Raising the standard and reduced rates of VAT by 1 percentage point could generate an additional €690 million per year, the ESRI said.

Source: breakingnews.ie