I believe our over complicated system results in ... people ... having to employ someone to prepare their tax return, even though it may be a relatively straight forward situation.
Hello,
I was wondering, do we need to simplify the Irish Tax System ?
Personally, I think the answer is Yes, because:
There are far too many tax rates applicable to different types of gains, along with varying thresholds, exemptions etc.
For example, Income Tax has two rates but then both the thresholds and rates differ for Income Tax, PRSI & USC which are all effectively similar direct taxes on individuals. The complications continue it seems, when we consider the person's age etc.
I believe our over complicated system results in a higher risk of error, coupled with (and probably a greater issue) people being intimidated and delaying or possibly failing to submit a tax return - or having to employ someone to prepare their tax return, even though it may be a relatively straight forward situation.
What do others here think ?
I don't think our tax system is that complicated. Have you compared it to other jurisdictions?
The principles of most of the taxes are very simple to understand,
Americans fill out a tax form every year, so they must I assume have a simple system.
That may be so for you and accountants but not for most people.
I believe that a tax form for income tax should be so simple that a child could do it. And there is no reason other than to hire massive amount of staff in revenue and keep accountants in business that it is any other way.
Americans fill out a tax form every year, so they must I assume have a simple system.
What's complicated about the principle of paying tax on one's income?
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