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IFAC: Govt. Shouldn't Rely On Corp. Tax Increase To Cover Over-Spending.

: 09/11/2019 - 10:52

The Government should not rely on further surges in corporation tax to cover spending overruns.

That's one of the recommendations from the Irish Fiscal Advisory Council in its pre-budget submission.

The financial watchdog also said a "large budget deficit" could emerge in the wake of a no-deal Brexit.

That would be down to falling taxes and rising unemployment-related costs.

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