World Business News

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Ireland should meet recovery with VAT hikes: IMF

Zone(s): Ireland ¦ Sector(s): Economy, Taxation
[26 June 2014, Tax-News.com]  By Jason Gorringe, Tax-News.com, London: In its first review since Ireland exited its bailout program, the International Monetary Fund has called on the Government to focus revenue efforts on base-broadening measures, rather than on tax hikes.  In its post-bailout report, the IMF recommends that the authorities consider expanding the number of products covered under the standard value-added tax (VAT).

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