Minister for Finance, Paschal Donohoe (left) with Minister for Public Expenditure and Reform, Michael McGrath at government buildings this afternoon
This afternoon.
We’re back, baby.
Via RTÉ News:
The Department of Finance has recorded the highest ever tax take of €68.4 billion, pushing the Exchequer deficit down to €7.3 billion.
According to the latest Exchequer figures, tax receipts were up by €11.2 billion (19.7%) on 2020. This was the highest ever tax yield, over €9 billion ahead of the previous highest yield reached in 2019.
Growth was robust across virtually all tax heads, with particularly strong performances in income tax, VAT and corporation tax.
Cumulative income tax receipts of €26.6 billion for the year were up by €3.9 billion (17.4%) on 2020. This reflects the ongoing recovery in the labour market along with growth in wages in the sectors insulated from the pandemic.
Anyone?
Highest ever tax take of €68.4bn – Exchequer returns (RTÉ)
Maybe they mean ‘vax’, not ‘tax’?
With little to no tourism and depressed Q1 spending. Imagine we actually taxed the Corps the 15% ? We could cut income tax in half
Aha….ahahahaha……ahahahahahahahahahahahahahahahaa…..
Surely you jest? 15%?
I doubt most of them are paying even 1.5%!
LOL
Is there anyone remotely qualified in the Dept of Finance who can assess the economy with any degree of accuracy?
One word: Inflation.
There are winners and losers in the restructuring of our economy for the 4th Industrial Revolution. Whilst small and medium businesses and the High Street is suffering, corporate Ireland is doing rather well. Salaries have continued to rise during this period, which has contributedto this impressive tax take. I personally have seen a 20%+ rise in my salary since March 2020. The economic divide in society is about to be supercharged leaving a majority economically useless, left behind and wholly dependant on the State for their existence. The manner in which welfare recipients are discussed will continue to be rather disgusting and disparaging which will be interesting when the majority are in that position.
Sales of alcohol from supermarkets and off-licences also boosted the tax take. The Covid restrictions on pubs and restaurants hit SME enterprise hard and many such businesses will never reopen. Macroeconomic analysis overlooks nasty details of failure among the little people.
Swings and roundabouts;
the additional sales of alcohol in off licences was more than offset by the drop in sales of alcohol in pubs.
Is that enough money to fix housing and health care?
it’s not a money problem Nigel
it’s a problem of ideology
Oh yeah, the point is to make money, not improve healthcare and housing.
you got a copy of Leo’s notes there ?
FG design and configuration
enabled and abetted by their LAB/FF gimps
making the
right money for the right peopletough choices since 2011you or I don’t count