Sources say the report notes property, land, capital gains and capital acquisitions — which taxes inheritance — as areas where the yield can be increased. File photograph: Getty ImagesIncreasing the take from wealth, property and inheritance taxes is set to be recommended by the State’s commission on tax and welfare in a shake-up of the taxation system, The Irish Times has learned.
If adopted, the policies could represent a significant reorientation of the system towards taxing wealth rather than focusing more on income. Wealth taxes are also likely to include income from shares and money on deposit. Sinn Féin has advocated for a wealth tax of 1 per cent on “net wealth held above €1 million”, which it said in its alternative budget for 2022 would raise some €129 million.
Gotta to pay for all these Ukrainian “refugees” somehow? Might as well be off the backs of the ignored and broken indigenous peoples I suppose!