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Cost of Benchmarking

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I am tired of seeing statements to the effect that the cost of benchmarking is €1 billion or so. It is not a once-off investment as it will recur and grow year-on-year. The cost will be about €25 billion over the next twenty years when inflation and pension increases are taken into account. On this basis, benchmarking will absorb over one-tenth of all income taxes to be collected mainly from the unsheltered, unbenchmarked private sector. Time for a wake-up call?

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This page contains a single entry by Brian published on July 27, 2003 10:51 AM.

National Pension Reserve Fund was the previous entry in this blog.

Televise the Tribunals is the next entry in this blog.

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