Cowen to cut top income-tax rate in Budget giveaway

A one-point cut in the top rate of income tax and the extension of mortgage interest relief for first-time buyers will be headline measures introduced in Wednesday’s Budget, The Sunday Business Post has learned.

2nd December, 2006

A one-point cut in the top rate of income tax and the extension of mortgage interest relief for first-time buyers will be headline measures introduced in Wednesday’s Budget, The Sunday Business Post has learned.

Surging government revenues will enable Minister for Finance Brian Cowen to announce a budget giveaway of €2.5 billion to €2.75 billion, the biggest in the state’s history. This still leaves a significant budget surplus of well in excess of...

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