Cowen may introduce tax relief for childcare

The Minister for Finance will have as much as €800 million to reduce taxes in his first budget this week. Tax adviser Jim Ryan examines how he might spend it.

Tax credits and rates Brian Cowen may reduce personal taxes by increasing tax credits and the standard rate taxband. It is unlikely that he will reduce the standard tax rate,but hemay consider reducing the top rate of tax to 40 per cent in ...