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Labour Slams Revenue Commission's Planned Tax Reporting Changes

by Jason Gorringe, for LawAndTax-News.com, London

16 March 2005

Ireland's Labour Party has condemned Revenue Commission plans to change the way in which statistics are compiled on the amounts of tax paid by the Republic's highest earners.

In a statement released on Monday in which she compared the average tax breaks received by the country's 115 highest earners to a "guaranteed lotto win, every year", Labour Finance Spokesperson, Joan Burton slammed the proposed inclusion of those paying less than 1% of their income in tax in a new "less than 5% range".

"In a section of the (Revenue Commission) study entitled 'Proposed new Methodology going forward', it is clear that the category of 'zero percent effective tax rate' is to be abolished in future studies," she observed, continuing:

"From now on, anyone who pays DIRT tax on any deposit interest, will not be counted as having a zero percent effective tax rate."

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