Taxation Commission proposals will cost dearly, D’Arcy warns

Proposals from the Commission on Taxation for a significant overhaul of the tax system will result in a raft of new taxes and no-one should think otherwise.  That’s according to Fine Gael Deputy Michael D’Arcy who says the proposals are being touted as ‘cost neutral’ but are anything but.  “Nobody should believe that” he says.

The proposals, published on Monday in the report from the Commsion, has recommended the taxation of child benefit, the introduction of domestic water charges, an end to tax relief for nursing home expenses and income tax relief for trade union subscriptions, as well as a new method of vehicle registration tax, among other measures.

“Make no mistake, these proposals will end up costing people many times over,” Deputy D’Arcy said, adding, “it’s just a new way of getting more money from people through taxation to make up the massive deficit caused by the Government’s ineptitude,” he said.   “At a time when even those still working are struggling to meet their financial commitments, the last thing that’s needed is extra taxation,” he concluded.