Minister Defends VAT Cut for Hospitality to Sustain Jobs and Economic Growth in Ireland

• Minister Peter Burke defends plans to cut VAT for the hospitality sector to keep it sustainable
• The tourism sector employs over 200,000 people and is valued at 9 billion euros
• Many small food outlets and coffee shops are under pressure, with some restaurants closing
• The VAT cut is intended as a stimulus and viability measure to sustain employment
• Government regulations and living wage requirements have pressured the sector
• The goal is to protect over 200,000 jobs and promote growth in the sector
• A new tourism plan and all-island food strategy will be introduced in September
• The government has added 90,000 jobs in the last 12 months and 600,000 since the pandemic
• Focus is on sustaining high-quality jobs in the economy

Source: breakingnews.ie

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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