Good article in The Currency by Stephen Kinsella this morning on the Irish Tax base. Basically we need to raise more tax as a country and based upon international comparison he would suggest employers PRSI, net wealth taxes (including property) and increased income taxes (particularly on lower to middle income households).
The stable income tax take for 2020 illustrates how many workers are out of the tax net. Once we stabilised the public finances the government couldnât wait to take more and more people out of the tax net, boasting about it at every budget. Meanwhile opposition parties opposed LPT, USC and water charges.
There is no appetite in Ireland for broadening the tax base. Give Paddy US taxes and Swedish services.
Yeah - Iâd also agree that the expenditure and value for money needs to be looked at. Just out of an election where everyone seemed to want a bigger state (housing, healthcare, education, social supports etc) itâs not clear that the expenditure is coming down anytime soon.