Monday March 30, 2020

Cowen set to shelve plan for top rate tax cut

A reduction in the top rate of income tax in December’s budget is now considered to be highly unlikely, according to a number of informed government sources.

13th October, 2007

A reduction in the top rate of income tax in December’s budget is now considered to be highly unlikely, according to a number of informed government sources.

In his budget speech last December, finance minister Brian Cowen promised a further one-point cut in the top rate this year if ‘‘our current economic strength’’ was maintained. This would reduce the rate from 41 per cent to 40 per cent. However, government insiders now say...

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