The National Economic and Social Council (NESC), an Irish think-tank which represents both employers and unions, has acknowledged that taxes may need to increase in the Republic in order to fund major infrastructural projects.
According to the Irish Times, which received a leaked copy of a draft report compiled by the NESC, the body conceded that a 'modest' increase in the overall level of taxation should not be ruled out, but warned that major tax rises would undoubtedly damage the jurisdiction's competitiveness.
The Irish Times also cited the report as calling for the abolition of a range of tax reliefs, and the introduction of charges in areas such as sanitation and roads.
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