The Minister for Finance and Public Expenditure Paschal Donohoe has been warned by his officials that more income tax and USC cuts could damage the tax system.
It comes at a time when the government only has an estimated €500 million for tax cuts and spending increases in the forthcoming budget.
Donohoe has said the current tax rates on low and middle income earners are not fair or sustainable.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team