Budget 2024

Government playing ‘reputational high-wire act’ on corporate tax, warns Ibec

The business lobbying group has three key priorities for the budget: the National Training Fund, the minimum wage and R&D tax credits

Paschal Donohoe, Minister for Public Expenditure and Michael McGrath, Minister for Finance: preparing Budget 24. Picture: Sasko Lazarov/RollingNews.ie

Ibec has called for the establishment of a new €30 billion infrastructure fund and a €1.5 billion package to reduce income tax and the Universal Social Charge (USC) on workers.

Ger Brady, chief economist at Ibec, said the organisation had zeroed in on three key priorities for Budget 2024, including how to spend the €1.5 billion surplus in the National Training Fund, raising the R&D tax credit to 30 per cent and the competitiveness challenges ...