A public consultation is being launched today on the work of the Commission on Taxation and Welfare.
Established earlier this year, the Commission is an independent body tasked by Government with reviewing how best the taxation and welfare system can support economic activity and income redistribution.
The Commission is also examining ways of ensuring that there are sufficient resources available to meet the costs of public services in the longer term.
It will take into account our commitments around such issues as digitalisation of the economy, the shift to a low carbon economy and the demands placed on the Exchequer from an ageing population.
The future of the corporation tax regime will also come under consideration in the context of the changing global taxation environment.
Ireland recently signed up to OECD proposals on the introduction of a minimum global corporate tax rate of 15% on the profits of multinationals with turnover in excess of €750 million.
The Commission is seeking opinions from the public on the various elements of the taxation and welfare systems, in particular views on how public services are funded into the future.
“We want to hear from as many people, groups and organisation as possible to ensure that a diverse range of experiences and perspectives inform the development of the report of the Commission,” Professor Niamh Moloney, Chair of the Commission, said.
“You don’t need to be an expert on tax or welfare policy for your opinion to be valued. We look forward to considering a broad range of diverse views as we continue our work into next year,” she added.
The Commission is scheduled to submit its report to the Minister for Finance by July 1 next year.
Members of the public can engage with the ‘Your Vision, Our Future’ platform at cotw.citizenspace.com.