Central Bank Chief Warns Donohoe of VAT 'Vulnerability'
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Central Bank chief warns Donohoe of VAT 'vulnerability'
Central Bank Governor Gabriel Makhlouf has warned Minister for Finance Paschal Donohoe about the vulnerability of VAT as a source of revenue, as the Government plans to cut the rate of the tax for the hospitality and retails sectors.
·Ireland
Read Full ArticleRelying on windfall tax receipts leaves Irish economy in precarious position
The Minister for Finance must wake up to the threats facing our economy, according to Social Democrats acting leader Cian O’Callaghan. Deputy O’Callaghan, who’s the party’s finance spokesperson, said: “Minister Donohoe has told the Finance Committee that the bulk of windfall corporation tax receipts are being used to fund day-to-day spending. “The government is repeating the same mistakes as the past – disproportionately relying on transient tax…
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Leaning Left2Leaning Right0Center1Last UpdatedBias Distribution67% Left
Bias Distribution
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L 67%
C 33%
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