Monday 29 December 2014

Government to announce major tax reforms for low and middle income workers

Daniel McConnell Group Political Correspondent

Published 11/07/2014 | 15:34

President Michael D Higgins pictured with Taoiseach Enda Kenny and Tanaiste  Joan Burton  after  the president presented the Tanaiste and the new ministers with their sealPresident Michael D Higgins pictured with Taoiseach Enda Kenny and Tanaiste  Joan Burton  after  the president presented the Tanaiste and the new ministers with their seals of office in Aras an Uachtarains of office in Aras an Uachtarain.
11/7/14
Pic Frank Mc Grath
President Michael D Higgins pictured with Taoiseach Enda Kenny and Tanaiste Joan Burton after the president presented the Tanaiste and the new ministers with their seals of office in Aras an Uachtarain
Taoiseach Enda Kenny TD with Tanaiste Joan Burton. Photo: Damien Eagers

The Government will later today announce major reform plans aimed at reducing the 52 per cent marginal rate of tax on low and middle income workers, Independent.ie can reveal.

The plan, which will be announced in October's Budget and will be delivered over "a number of Budgets", was a major issue of dispute  between Taoiseach Enda Kenny and Tanaiste Joan Burton during the week.

The Coalition is to publish a document of renewed purpose, setting out its top priorities for the rest of this Government's term.

"In Budget 2015, we will announce a tax reform plan to be delivered over a number of Budgets to reduce the 52 per cent tax rate on low and middle income earners in a manner which maintains the highly progressive nature of the Irish taxation system," the document is to say.

The document outlines six priorities, including jobs, the domestic economy, housing and delivering better living standards. 

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