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Irish PM Mulls Tax Cuts

by Jason Gorringe, Tax-News.com, London

27 December 2013


The Irish Government will prioritize income tax cuts for middle income families when there is due scope for change, the Prime Minister has said.

Enda Kenny confirmed this week that there will be no income tax increases in the next Budget. This policy, he stressed, was consistent with the program for government compiled when the Coalition came to power.

The likelihood of reductions in income tax rates will only become clear "much closer to the budget." According to Kenny, this will "depend upon growth rates and job opportunities."

Whenever there is sufficient flexibility, tax cuts for those facing "very high" rates "will be a priority."

Kenny will convene a special Cabinet meeting in January, where the focus will be on employment. He expects all government departments to take part in a "real relentless push" on jobs, with the aim of helping domestic businesses to grow and export more.

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

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