THE DIRTY DOZEN a delicate balancing act

There has been much speculation about what Minister for Finance Brian Lenihan will or will not include in Tuesday’s budget. Here, we outline the key sectors likely to be affected

4th April, 2009

1 Income tax, PRSI and levies

The government has a number of ways of taking cash from our pay packets through the main income tax system, PRSI and a range of special levies, such as those introduced in last October’s budget.

While the collapse in tax revenue has been most marked in property related taxes, hikes in income taxes are the easiest and quickest way for the government to raise cash to replace these....

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