Finance Minister Michael McGrath has said that he will not be able to increase the higher rate of tax to €50,000 in the next budget.
“I think was looking beyond the lifetime of this government and I think it was perhaps a preview of a manifest and a party pledge in terms of income tax,” Mr McGrath said. “I want to make sure that people at all income levels benefit from the tax package, including people on modest incomes. I think they deserve a break as well.”
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Finance Minister rules out mini budget as Simon Harris becomes TaoiseachFinance Minister Michael McGrath has ruled out the prospect of a mini budget when Simon Harris takes over as Taoiseach. It follows calls from some in the independent ranks to announce new financial measures when Mr Harris takes over the Taoiseach’s office from Mr Varadkar next Tuesday.
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Finance Minister rejects calls for 'mini budget' under new TaoiseachIt follows calls from some in the independent ranks to announce new financial measures when Mr Harris takes over the Taoiseach’s office from Mr Varadkar next Tuesday.
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