A number of people have expressed concern that the Green Party wants to raise all sorts of taxes, so I thought I would write a post to clarify.

Income Tax

We will not change the current standard rates of 20% and 41%

We will reduce both employers and employees PRSI (offset against carbon levy)

We will increase Capital Gains Tax from 20% to 25%

VAT

We will reduce both the standard rate and higher rate by 1%

Business Tax

We will not change the current Corporation Tax rate of 12.5%

We will re-introduce a capped Bank Levy for 5 years

Land Tax

We will replace Commercial Rates with a Site Value Tax

We will introduce a Windfall Tax on land that increases in value due to rezoning

Environmental Tax

We will introduce a carbon levy of €20 per tonne (offset against PRSI reductions)

We will replace VRT with a levy that reflects the fuel efficiency of the vehicle

We will replace Motor Tax with a levy on petrol and diesel