Brian Keegan: Post-Covid Ireland could need new tax policies

"One way of sustaining the corporation tax receipts along with the earning and spending capacity of individuals is to start thinking more about trade in services"

"Inflation has a practical effect on people's spending power but it also has a psychological effect," writes Brian Keegan. Picture Denis Minihane.

It now seems that the run up to the outbreak of Covid-19 three years ago was atypical. A relatively calm economic environment, where globalisation flourished against a backdrop of low interest rates and low inflation, is now a distant memory.

Was the invasion of Ukraine, or the inflationary trends which were becoming apparent even before Russia’s evil war, or the fragmentation of international trade relations a consequence of the pandemic in some way? Or would these have happened anyway?