The Irish Times·3 min read·hard
Adjusting income tax bands and credits for inflation would cost more than €1bn next year
C
Cliff Taylor
✦AI Summary
Pre-budget papers indicate that adjusting income tax bands for 4% inflation would cost over €1 billion, consuming most of the government's planned tax package. The documents also highlight the Irish tax system's heavy reliance on high earners.
Adjusting income tax bands and credits fully for expected wage inflation of 4 per cent next year would cost more than €1 billion next year, using up much of the €1.5 billion set aside for the budget day tax package, according to pre-budget papers published on Thursday.
economypolitics
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in