World Business News

A round up of the latest news for those doing business internationally

Ireland should meet recovery with VAT hikes: IMF

Zone(s): Ireland ¦ Sector(s): Economy, Taxation

[26 June 2014,]  By Jason Gorringe,, 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).