EXCLUSIVE: Coalition’s big bet on slashing USC

Cuts to hated tax centrepiece of €750 million tax package

4th October, 2015

The coalition is planning to devote almost its entire budget for tax-cutting to the Universal Social Charge (USC), with reductions at all levels in a “big bang” it hopes will pave the way for its re-election.

Earlier plans to reduce income tax rates and tweak allowances and bands are likely to be abandoned in favour of big cuts to the USC, according to sources familiar with discussions at the top of government. The...

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