Tuesday November 24, 2020

USC cuts to save workers only €5 per week

Noonan meets with Fianna Fáil to hammer out details of budget

25th September, 2016
Minister Michael Noonan Pic: RollingNews.ie

Tax cuts set to be announced in next month’s budget will only benefit low and middle income earners by €5 a week or less.

The government is examining proposals to reduce the two lowest rates of Universal Social Charge (USC) – currently 1 per cent and 3 per cent – by 0.5 per cent each with limited scope for tax cuts in the Budget. Minister for Finance Michael Noonan has said repeatedly that...

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