Tuesday March 31, 2020

COMMENT: USC hikes could be politically controversial

The most surprising feature of Finance Minister Michael Noonan’s budget is the hike in the Universal Social Charge for higher earners, writes Michael Brennan.

Michael Brennan

Political Editor

@obraonain
14th October, 2014
Michael Brennan

The most surprising feature of Finance Minister Michael Noonan’s budget is the hike in the Universal Social Charge for higher earners.

Many of the tax changes had been well flagged in advance – a rise in the exemption from the hated Universal Social Charge (USC) for lower earners and a cut in the top rate of tax from 40 per cent to 41 per cent.

But few expected that there would be a new rate...

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