A property tax on all residential homes has been recommended by the National Competitiveness Council.
The council said that 'without immediate and continuing action to restore our international competitiveness we run the ongoing risk that the Irish economy will enter a prolonged period of depressed economic activity'.
The report also called for public sector reform. 'We must rise to the challenge of delivering better public services with fewer resources,' it said.
Today the council released a report called 'Getting Fit Again: The short term priorities to restore competitiveness.'
While the council was not specific about the scale of a property tax, Mr Thornhill pointed out that the Central Bank had examined a levy of €1,000 per home. This would cover holiday homes, investment properties and primary homes.
