Midlands Accountant Says New Tax Legislation Won't Reduce Cost Of Living

He says the measures don't do enough to offset inflation.

The idea that new legislation will reduce the cost of living and put money in people's pockets is absolute nonsense.

That's according to an Offaly accountant who says the Finance Bill 2021 doesn't do enough to the mitigate the expense Brexit, Covid and rising energy costs have on Irish taxpayers. 

The measure aim to reduce tax by €415 per person annually by increasing tax bands and personal credits. 

However, John McCann of MCM Accounting in Tullamore says it isn't enough to offset inflation:

 

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