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Ireland's New Investment Scheme: Regressive or Progressive?
Published 1 week ago
Description
Irelands government unveils new Personal Investment Account scheme, aiming to steer savers with €170 billion in deposits towards riskier capital market investments. The plan, with a flat-rate tax, is criticized for being regressive, favoring wealthier individuals and potentially widening the tax revenue gap. Economists warn against creating more tax loopholes, urging a focus on sealing existing ones instead.
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