Now Taoiseach rules out income tax increase
TAOISEACH Enda Kenny has joined Finance Minister Michael Noonan in ruling out higher income tax.
Mr Kenny told reporters that it was part of the Programme for Government that there would be no increase in income tax.
“We believe this is fundamental in the context of the creation of jobs and not to put obstacles in the way of jobs being created,” he told reporters in Dublin, at a press conference with Japanese Prime Minister Shinzo Abe.
Mr Kenny said matters for Budget 2014 would be discussed by the Cabinet in due course.
Earlier, Finance Minister Michael Noonan said avoiding higher income tax can help competetiveness.
The minister said he will wait and see what his UK counterpart George Osborne says this evening on the future of Ulster Bank parent Royal Bank of Scotland.
Mr Noonan said that he didn’t raise Ulster Bank in a recent phone call with Mr Osborne. There are fears about the future of Ulster Bank following the resignation of chief executive Stephen Hester.
The UK chancellor of the exchequer is due to make a long-awaited speech on the future of RBS this evening.
Mr Noonan added that he expects Ecofin ministers to approve directive on sales tax avoidance when they meet tomorrow in Luxembourg.