Increase in VAT

S

Shawady

Registered User
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I just read that an increase in VAT to 23% is going to form part of the next budget.
I thought the last time Brian Lenihan increased by 0.5% two years ago it was deemed a mistake and quickly reversed. Where's the logic in increasing it now?
 
Crazy really, the Vat intake was less than predicted for 2011.. Do they not realise its down because people have no money? Oh well, back to newry for the shopping...
 
I'm shocked - is someone suggesting that we can't tax our way out of a recession! After all this worked well in the 1980s.
 
It was mentioned in the budget a year or two ago, 22% in 2012 and 23% in 2013 (if my memory is working)
 
Has the VAT increase been imposed on us by the IMF ?

THats my first post by the way and obviously not too memorable....
 
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