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Today’s Top Headlines

Noonan: Good Case For Irish Income Tax Reform

by Jason Gorringe,, London

28 February 2017

Irish Finance Minister Michael Noonan has said that "there is a good case to reduce personal taxation rates further, subject to the availability of budgetary resources."

In a speech at the Irish Tax Institute, Noonan said he is aware of the high marginal rates of income tax that apply to many people. He said that when it comes to discussing the "appropriate amount of tax and spend in our economy, the views of those who contribute the majority of the taxation revenue" must be heard.

The Government has committed to phasing out the Universal Social Charge (USC) as resources permit. In his 2017 Budget, Noonan reduced each of the three lower USC rates by 0.5 percent.

TAGS: tax | Ireland | budget | tax thresholds | tax rates | tax reform | individual income tax

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