Friday 15 December 2017

The time is ripe for another seismic move on taxation

It’s not just that the tax rate is so high either – it’s that everything is expensive. Stock photo: PA
It’s not just that the tax rate is so high either – it’s that everything is expensive. Stock photo: PA
John Mulligan

John Mulligan

As unemployment fall to levels not seen in nearly a decade, the tight pool of top talent - particularly those with technology and financial expertise - is creating a major headache for companies trying to grow.

And there's no doubt that the crippling tax paid by workers earning more than a modest €32,800 a year is a serious obstacle to luring talent from outside the country.

You can dress up the great social life, fantastic scenery and heritage as much as you like, but it's difficult to persuade foreign-based workers they should be willing come to Ireland to be shafted financially.

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