Friday 9 December 2016

Income tax take is down, corporate tax is up, but 'don't panic, it will all balance out in the end'

Published 05/10/2016 | 02:30

Michael Noonan. Photo: Tom Burke
Michael Noonan. Photo: Tom Burke

Budgets are full of anomalies that don't make sense to ordinary workers.

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One that has emerged with the latest round of exchequer returns is that a key reason why income taxes are €114m behind target for this year is that not enough people have received pay rises.

The irony is obvious at a time when gardaí and other public services are beating down the door of the Department of Public Expenditure looking for pay restoration.

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