Budget 2016 and the consequences of taxation policy choices
We need to set personal tax rates at levels that are likely to generate economic growth, writes Conor O’Brien of KPMG
Budget 2016 is the first time that we see most Irish taxpayers reaping significant fruits from Ireland’s economic recovery. Tax cuts for low and middle incomes will result in more money in the pockets of individuals, many of whom have seen their after tax incomes significantly eroded by a series of pay cuts and tax rises over the past number of years.
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