The Irish Government has been warned to control further increases in personal taxes by the head of the country’s largest recruitment firm.
A recent survey found that almost half of all Irish job seekers are now emigrating to find work. Roughly one in ten of those questioned felt that they had no choice but to look beyond Ireland’s shores. Membership of the EU means that Irish citizens may look for work throughout the EU member states.
Various estimates have put Ireland’s marginal tax rate at between 52 and 55 percent when all taxes are taken into account. On the other hand, the Organization for Economic Cooperation and Development average stands at just 36 percent. Business groups, such as the Small Firms Association have described the high personal tax rate as a disincentive to work, and called for it to be cut.
