The Irish Prime Minister has suggested that Ireland has now implemented more than 90 percent of the tax measures and spending cuts needed to bring its public finances under control. Ireland’s 12.5 percent corporate tax rate has played a central role in strengthening the economic recovery and is to remain in place.
The government is now focusing on the domestic economy and sectors where employment may be created. As soon as the public finances have improved the priority will be to reduce the tax burden on families with average incomes. A large number of people are currently paying a higher rate of income tax and the tax burden needs to be reduced.
