Irish Taxation Assignment Example | Topics and Well Written Essays - 1500 words

Irish Taxation - Assignment Example This paper assesses the extent to which these tax measures are equitable. It also argues the ease of implementation of the measures. In addition, it discusses the societal and economic impact of the tax measures on the growth and development of Ireland. The budget states that the rates of tax for tobacco products will increase to 40 cents. This is inclusive of VAT and applies to the packet that has 20 cigarettes. The increase is in the popular category of prices and the VAT on other tobacco products to increase on a pro rata basis. The packet that weighs 25 grams will have an increase of 20 cents that is an inclusive figure of the VAT. This measure will increase the minimum rate of the Tobacco Products Rate. This tax measure has significant implications to the Irish government. The increase in tobacco taxes is an effective measure to ensure the reduction of tobacco use. This results in a decrease of the number of deaths due to the excessive use of tobacco (Cremins & Brien, 2005). From this perspective, the increase in taxes could be an equitable measure for the societal concerns. This is also evident in that the Irish government would use the revenues from such taxation to increase awareness of the negative effects of excessive use of tobacco. However, the increase is not an equitable measure of the tobacco users. It could lead to an increase in the use of illicit tobacco products due to the inability to afford legit products. The implementation of the tax measures would depend on the effectiveness of the taxation systems in Ireland. The market for the products could be hesitant to buy the products, as they will be expensive. This would decrease the revenue accrued from the purchase of the products. The country needs to develop comprehensive taxation systems that monitor the rates of tobacco taxation from the manufacturer to the retailer. The Irish government could have challenges in the