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Irish Mirror
Irish Mirror
National
Ferghal Blaney

Government banked an extra €2 billion in VAT takings in May on the back of the soaring cost of living

Government banked an extra €2billion in VAT takings in May on the back of the soaring cost of living.

The Irish Mirror can reveal the Exchequer is making a killing while ordinary families and consumers suffer, because the more prices rise, the more the taxman collects in VAT.

But despite the increased takings for the Government, Tánaiste Leo Varadkar said again this week that there will be no more help on the cost of living issue until the Budget in October.

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