Budget 2012: Good budget for business

Measures introduced by Minister for Finance Michael Noonan will have a positive effect on business, and have broadened the tax base, writes Kevin McLoughlin of Ernst & Young.

11th December, 2011
Budget 2012: Good budget for business
Minister for Finance Michael Noonan at a press conference after delivering his budget in the Dáil, with assistant secretaries Derek Moran and Michael McGrath from the Department of Finance. Photo: Tony O'Shea

While much of the content of this year's budget was signalled well in advance, there were some interesting and novel proposals aimed at creating employment, and others at enhancing Ireland's competitiveness on the world stage.

What is particularly interesting is the 'where next' question. Finance minister Michael Noonan referred to commitments not to raise income tax or corporation tax, and has added Vat to the list where the rate will not be changed again during...

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