Friday 23 June 2017

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

Michael Noonan. Photo: Tom Burke
Michael Noonan. Photo: Tom Burke
Kevin Doyle

Kevin Doyle

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

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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