Tax increases at all income levels, including the lower paid, are in store - but not until later in the year.
Despite urgings from several quarters, including opposition parties, last week, the government has no formal proposals for a mini-budget, new charges or tax increases.
However, at the Fianna Fail ard fheis in Dublin yesterday, Taoiseach Brian Cowen and Minister for Finance Brian Lenihan indicated that they would raise income taxes later in the year....
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