In all the many discussions, debates and analysis of the inflation problem over the past year or so, the focus has more often than not been on its impact on households, for obvious reasons.
Businesses though have also been suffering as energy, raw materials, labour and other input costs have spiralled upwards at rates not seen for decades.
Add to this the fact that around 60,000 businesses collectively owe just shy of €1.9 billion to Revenue in warehoused pandemic-era taxes and you soon begin to see the nexus of the problem. Ibec says while it is a move in the right direction, €250m won't go far across the many sectors, particularly as those costs get embedded in the system.
But businesses would prefer it was employees themselves and perhaps the Government which would take the bulk of the hit. The startup community has long argued that Ireland's policies and measures do not provide enough support to those who want to start and scale a firm.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Budget 2024: Election giveaway budget to see return of energy creditsGood news for everyone who likes a drink as excise duties on alcohol will not be touched this year
Read more »
Budget 2024 calculator: How this year’s budget will affect your disposable incomeWhat does the budget mean for you and your money? Use the PwC interactive calculator to help you estimate your taxes and disposable income for the year ahead
Read more »
‘It is a Green budget’ – What are Government party leaders saying about Budget 2024?With just hours to go until Budget 2024 is announced at Leinster House, Cabinet is meeting to rubberstamp the final details.
Read more »
Budget 2024: Political pressure drives Government’s €14bn giveaway budgetAnnouncing an expansionary budget when economy is at full employment and inflation is high appears to be politically motivated
Read more »
Budget 2024: How much tax did you save on Budget Day?Budget 2024: How much tax did you save on Budget Day?
Read more »