Thursday 19 January 2017

Tax bills are €6,000 higher here than in UK

Published 22/09/2015 | 02:30

The Irish Tax Institute's Budget Tax Study claims that a worker here earning €75,000 pays a massive €6,136 more in personal tax than workers in the UK
The Irish Tax Institute's Budget Tax Study claims that a worker here earning €75,000 pays a massive €6,136 more in personal tax than workers in the UK

Higher earners are paying more tax in Ireland than in Sweden, the UK, Switzerland and the United States, a report will show today.

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The Irish Tax Institute's Budget Tax Study claims that a worker here earning €75,000 pays a massive €6,136 more in personal tax than workers in the UK, €1,237 more than in Spain, and around €796 more than an employee in Sweden.

Taoiseach Enda Kenny has pledged to slash the marginal rate of tax to below 50pc in next month's Budget and has said he will also target the controversial Universal Social Charge.

There has been speculation that the Government is looking at the possibility of cutting the rate of the USC by 1.5pc.

The Tax Institute said such a move would save those earning around €36,000, the average wage, about €280 a year, and those on €75,000 would gain around €787 per year.

Irish Independent

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