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

@obraonain
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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