Monday 19 August 2019

Brexit a reason to cut taxes says Donohoe

Pictured at the Budget Breakfast, supported by KPMG Ireland and held at the Westbury Hotel, are Minister Donohoe with INM CEO Michael Doorly and Conor O'Brien, head of tax and legal services at KPMG.
Pictured at the Budget Breakfast, supported by KPMG Ireland and held at the Westbury Hotel, are Minister Donohoe with INM CEO Michael Doorly and Conor O'Brien, head of tax and legal services at KPMG.
Dearbhail McDonald

Dearbhail McDonald

Finance Minister Paschal Donohoe believes that Brexit is a reason to cut taxes further in order to stay competitive.

Speaking last Thursday morning at the INM Events Budget 2019 Breakfast in Dublin, Donohoe said the country's competitiveness in a post-Brexit era will depend on his ability to reduce income tax.

He said "economic buffering" had started, but the growing gaps in our infrastructure must be the key focus in the years ahead.

"I've continued to stand by my view that it's not sustainable, and increasingly won't be competitive, to say that you can be on a normal, average wage here in Ireland and already be on a higher rate of income tax," he said.

"I have done that because we have to address this issue over time," added the Minister.

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