Wednesday 7 December 2016

Marc Coleman: Free us from shackles of high tax

The sight of tax cuts around the corner is just one sign of newfound freedom

Published 15/12/2013 | 13:00

Former European Central Bank President Trichet attends a session at the World Economic Forum (WEF) in Davos
Former European Central Bank President Trichet attends a session at the World Economic Forum (WEF) in Davos

I'M NOT saying that the exit from the bailout is hyped up or anything. But if you told me Neil Jordan had been asked to do a film borrowing the theme music from Gladiator and the slogan "Now we are free" -- with shots of a firm-jawed Enda Kenny looking confidently into the future -- it wouldn't surprise me.

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Like stale mince pies, the hype will all look at a little jaded in a few weeks. But viewed close up, the "now we are free" narrative mightn't be so hyped after all.

Take tax cuts. A fortnight ago, no minister would even whisper the words "tax" and "cut" in the same sentence. Then two Labour ministers did. In the space of two days. Then on Friday Michael Noonan said he was seriously considering tax cuts. The wrapping is barely off the bailout exit bonanza but the boys want to take this toy for a spin to see what it can do. In theory, the Government can even scrap the second property tax introduced this year. Now there's an intriguing thought.

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