Wednesday January 22, 2020

Donohoe’s officials warn against new cuts to USC and income tax

Government only has an estimated €500 million for tax cuts and spending increases in the forthcoming budget

Michael Brennan

Political Editor

@obraonain
2nd July, 2017
Paschal Donohoe Pic: RollingNews.ie

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.

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