As Supplementary Budget 2009 indicated, the government is intent on addressing Ireland’s budget deficit and growing debt, with a wave of increases in taxation and broadening the tax base. Kenneth Hardy however expresses the view that this current crisis presents Ireland with an opportunity to invest in the future, and target the scarce resources in a manner which will stimulate rather than stagnate the economy. While the United States experienced a much different type of crisis in the aftermath of recent natural disasters, the Go Zone Act 2005 illustrated how targeted tax incentives can greatly assist the rebuilding of
an economy. |
