Advertisement

News

IBEC wants next Budget to abandon tax increases

The body representing Ireland's employers wants the next Budget to drop any planned tax increases. I...
TodayFM
TodayFM

10:03 AM - 8 Jul 2013



IBEC wants next Budget to aban...

News

IBEC wants next Budget to abandon tax increases

TodayFM
TodayFM

10:03 AM - 8 Jul 2013



The body representing Ireland's employers wants the next Budget to drop any planned tax increases.

IBEC says avoiding any new taxes would signal the end of austerity in Ireland.

The group says hitting workers with new taxes would kill off any hopes of reviving the domestic economy.

The next Budget will be the seventh austerity budget in a row - and is set to increase taxes by €1.1 billion as well as cutting €2 billion in spending.

But IBEC chief economist Fergal O'Brien says with the economy in recession, the government should do everything it can to get people spending - and that means stripping out any tax increases in the Budget.

The calls come as the Department of Finance prepares to meet the Troika for the latest bailout inspection - and as the EU's finance ministers meet in Brussels to discuss the crisis elsewhere in Europe.



Read more about

News

You might like