KPMG urges overhaul of Irish personal tax system to attract investment

Ireland needs to overhaul its personal taxation system while investing heavily in housing, climate and broadband if it wants to continue to attract overseas investment, professional services firmIn a submission to the Commission on Taxation and Welfare, the body set up to advise the Government on how best to finance the, KPMG said the global deal on tax combined with the shift to remote working had changed “the investment landscape”.

KPMG said the other factors that are taken into account in deciding a location would assume greater relative importance than they have in the past. KPMG called for the entry level to the top marginal rate of tax to be increased and social insurance contributions by employers, employees and self-employed to be capped.

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