Noonan’s headline give-away measure was a series of tax cuts totalling €750m which in part will be financed by a 50 cents rise in the price of a 20 pack of cigarettes.
*A single person, working full time on the minimum wage, earning €17,542, will see an increase of 4.2 per cent (€708) a year
* A family with three children with parents working as a Garda and a nurse earning €55,000 and €50,000 respectively will have an additional €196 per month in their pocket
Given the importance of tourism in Ireland the Minister announced there will be no increase in the 9% VAT rate for the hospitality industry.
For pensioners, that most critical band of voters in successive elections in the Republic, the Pension Levy (a tax on pension payments) will be phased out.
These above measures are clearly designed to appeal to middle income earners, those in work, who suffered greatly during the years of austerity and the bail out when direct and indirect taxes shot up.
Source: Ireland unveils tax cuts, markets fall on China data - as it happened | Business | The Guardian
Even lefties in the Guardian are loving it ...
*A single person, working full time on the minimum wage, earning €17,542, will see an increase of 4.2 per cent (€708) a year
* A family with three children with parents working as a Garda and a nurse earning €55,000 and €50,000 respectively will have an additional €196 per month in their pocket
Given the importance of tourism in Ireland the Minister announced there will be no increase in the 9% VAT rate for the hospitality industry.
For pensioners, that most critical band of voters in successive elections in the Republic, the Pension Levy (a tax on pension payments) will be phased out.
These above measures are clearly designed to appeal to middle income earners, those in work, who suffered greatly during the years of austerity and the bail out when direct and indirect taxes shot up.
Source: Ireland unveils tax cuts, markets fall on China data - as it happened | Business | The Guardian
Even lefties in the Guardian are loving it ...
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