Budget 2015: A budget for jobs and growth
Tax cuts will boost economic activity and job creation
- Decisive reform of international tax offering welcome
Ibec, the group that represents Irish business, today said Budget 2015 will support job creation, growth and consumer confidence. Moves to reduce tax, increase investment and update our international tax offering make it a budget for job seekers and job creators.
Ibec CEO Danny McCoy said: “The budget will add momentum to the recovery and sends an important signal to taxpayers and the international community that our era of austerity is over. Ireland is again on the front foot.”
On income tax: “Income tax cuts will boost economic activity and make it easier for companies to create jobs. The high marginal rate and the early entry point puts Ireland way out of line internationally and is a major disincentive to work, doing overtime or taking a promotion. The reduction to the marginal rate, reform of the tax bands and the plan for more reductions to come will make Ireland a more attractive place to live and work,” said Mr McCoy.