Government could raise €15bn by following tax commission’s proposals

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Government could raise €15bn by following tax commission’s proposals
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Budgetary watchdog assesses recommendations in commission’s report via IrishTimesBiz

Emails, ‘lies’, robots and pencils: inside IDA Ireland’s bitter dispute with Terry Clune’s Connect IrelandIt recommended increasing the Local Property Tax , introducing a site value tax while restricting the relief from capital gains tax from the sale of a principal private property.

The commission also proposes that the commercial rates system be superseded by a site value tax, albeit with a greater yield for the exchequer. It said it interpreted the commission’s recommendation would increase the yield from the current rates system to 1.4 per cent of national income . Speaking on RTÉ's Morning Ireland, Ifac chairman Sebastian Barnes said: “We are going to have to have a discussion about how to raise taxes, overall.”

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