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The International Monetary Fund (IMF) has said that the cost of implementing the Government’s Climate Action Bill will cost €20 billion annually for next 10 years. That’s ten times the cost of the National Children’s Hospital at €1.74 billion or almost twice the amount of revenue generated annually by Irelands Corporation Tax at approximately […]
The IMF said raising taxes would be necessary to fund investments in human and physical capital.
Pope Francis has declared his hope that poverty can be ended through higher taxes on the wealthy at a Vatican meeting attended by the president of World Bank, the managing director of the IMF, and other senior figures from the world of banking and politics.
The authors claimed that almost two-thirds of investment into Ireland from abroad is “phantom” capital.
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