Saturday February 22, 2020

Fianna Fáil wants cut to Dirt tax in budget

Party says some older people rely on interest income to make ends meet

Michael Brennan

Political Editor

2nd October, 2016
Michael McGrath

Fianna Fáil is pushing for a cut in Dirt tax for savers in the budget.

The rate of deposit interest retention tax (Dirt), a tax on the interest earned on savings, has been hiked up in recent years from 20 per cent to 41 per cent in a deliberate attempt to get people to spend more of their money in the economy.

But Fianna Fáil finance spokesman Michael McGrath pushed for a cut in the...

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