A recent study conducted by the Conference of Religious in Ireland (CORI) has revealed that Ireland's per capita tax take is among the lowest in the European Union, which, the group says, casts doubt on the government's ability to fulfil its promises with regard to infrastructure investment and addressing inequality in the Republic.
Speaking to the Irish media about the results of the post-budget analysis, CORI spokesman Fr Sean Healy suggested that the Fianna Fail-Progressive Democrat coalition needs to increase its tax revenues in order to help bridge the gap between rich and poor, and fund crucial investment in roads and housing.
Fr Healy urged the government not to increase income taxes, as these are currently levied at rates close to the European average, according to the CORI study:
'In some sectors, the tax-take is far below the European average, for example in the corporate sector,' he observed.
However, given that the RoI's low corporate tax rates were the principal engine for growth during the country's 'Celtic Tiger' boom in the 1990s, it seems unlikely that the Irish government will consider increasing them anytime soon, especially in the midst of the current global economic uncertainty.
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