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Government needs to cast a wider tax net if we are to avoid future economic cracks

Lorraine Courtney


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Public Expenditure Minister Michael McGrath. Photo: Collins

Public Expenditure Minister Michael McGrath. Photo: Collins

Public Expenditure Minister Michael McGrath. Photo: Collins

It was Mark Twain who quipped: “The fool saith, ‘Put not all thine eggs in the one basket’... but the wise man saith, ‘Put all your eggs in the one basket – and watch that basket.” Ireland’s eggs are in the corporation taxes of just 10 companies. Is anybody watching them?

Like everything else, budgets are not what they used to be. European fiscal rules limit what governments can do and nowadays we don’t get the fireworks Charlie McCreevy used to dazzle us all with. Still, last week’s Budget was remarkable.


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