Saturday 24 February 2018

Dissident Labour TDs call for higher tax rates

A group of Labour party rebels is calling for higher income taxes in the Budget, writes Michael Brennan.

The dissidents want a third rate of income tax of 48pc on incomes of over €100,000, a wealth tax on households worth more than €800,000, and also a financial transactions tax.

All of the demands are contrary to government policy to leave income tax rates untouched.

MEP Nessa Childers and Dublin TDs Patrick Nulty and Tommy Broughan launched their pre-Budget submission, saying it would raise an extra €1bn and lessen the Budget cuts.

There were no public declarations of support from their Labour colleagues for their plan.

Irish Independent

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