Professional view: budget special: Budget must tackle tax, SMEs and planning

Income tax reform would improve Ireland's international competitiveness

12th October, 2014

Just two days out from Budget 2015, it is clear that prospects have improved. Ireland is currently recording the strongest economic growth in the European Union. Recent CSO figures suggest that overall growth for 2014 could reach 4.5 per cent,a rate which seemed impossible this time last year.

However, the positive reports cannot change the basic arithmetic of our public finances. The government is still spending €7 billion more each year than it is taking in. Overall...

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