Saturday 21 October 2017

The way you behave may determine how much taxes are cut

Minister for Finance Michael Noonan needs to increase the public's estimation of the credibility of his statements.
Minister for Finance Michael Noonan needs to increase the public's estimation of the credibility of his statements.
Stephen Kinsella

Stephen Kinsella

On the eve of Ireland's exit from the EU/IMF bailout, Finance Minister Michael Noonan gave a 'Prime Time' interview discussing the country's future. He indicated that income tax cuts were a possibility for Budget 2015, subject to funds being available.

Given that Ireland still has more austerity to impose in the forthcoming Budget, without robust growth, cutting income taxes to the working middle classes sounds like a bad idea -- the burden of adjustment will fall on the poor, the old or the rich.

The comments on taxation are strange, not because taxes are high -- they are -- but because taxation clearly isn't the most important problem this Government has to solve.

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