Ireland’s business and employers’ confederation IBEC has requested a reduction in the marginal individual income tax rate to bring it below 50 percent and has suggested that the income level at which the top rate of tax begins should also be increased. The top rate of individual income tax in Ireland is 52 percent, and this is well above the OECD average. The high tax burden means in the opinion of IBEC that the tax system is not supporting economic growth. Amongst other factors it makes it difficult to attract mobile talent into the country.
Also, the organization suggests that Ireland could aid business by improving tax relief for investment schemes and the venture capital environment.
