Cowen: Tax report is framework for reform

The Taoiseach Brian Cowen has said that the Commission on Taxation Report is "a comprehensive examination of our tax system".

Mr Cowen went on to say that the report "is setting a framework for reforms over the next decade."

The Commission on Taxation has recommended taxing child benefit in a report containing radical proposals to raise revenue, it emerged today.

Householders could also be hit with a property tax and water charges under the suggestions by the Commission on Taxation, set up to help shore up the public finances.

A three-rate income tax system could also come into force under the plans by the expert group set up by the Government to review the State’s taxation system.

Finance Minister Brian Lenihan said the proposals would help shape the country’s taxation system over the next decade, with many of the measures phased in over several years.

“To achieve economic recovery we must address the different challenges that we face, stabilise our public finances, resolve the difficulties in the financial sector, and improve our competitiveness at the same time,” the minister said.

“This report will play a role in stabilising our public finances and improving our competitiveness.”

More on this topic

Don’t panic about tax plans, says Minister Hanafin

Cabinet to discuss Tax Commission proposalsCabinet to discuss Tax Commission proposals

Hayes outlines opposition to 'unfair' tax proposalsHayes outlines opposition to 'unfair' tax proposals

Ryan: Not all tax proposals will be adoptedRyan: Not all tax proposals will be adopted

More in this Section

FG and FF set to ‘love-bomb’ GreensFG and FF set to ‘love-bomb’ Greens

Alan Kelly becomes Labour party leaderAlan Kelly becomes Labour party leader

Northern Ireland in line for five million items of PPE from LondonNorthern Ireland in line for five million items of PPE from London

'We have other lines,' says Tony Holohan as doctors urge Govt to come clean over PPE supplies'We have other lines,' says Tony Holohan as doctors urge Govt to come clean over PPE supplies


With documentary film ‘Fantastic Fungi’ set to take the world by storm, Joe McNamee looks at the fabulous world of mushroomsDocumentary explores the magic of mushrooms

I lead a very busy life — I’m a mature student in college — and I separated from my partner but the separation was my decision. I hate myself when it beckons as it ultimately makes me fatter, it has the reverse effectDear Louise: I had my bulimia under control. But the demon has returned

This year has been particularly difficult and stressful, and I think that’s an even more important reason to make time for your health.Derval O'Rourke: Resistance is far from futile and necessary

Best-selling author Faith Hogan is keeping the faith during the lockdown, thanks to her Moy Valley haven in Ballina, Co Mayo.Shape I'm in: Keeping the Faith during lockdown

More From The Irish Examiner