IMPACT: Govt stealth taxes will erode incomes
02/04/2004 - 16:08:56IMPACT has claimed that the Government's stealth taxes will eventually erode incomes.
The Union has said the Government’s failure to adjust personal tax credits and tax bands in line with inflation has resulted in more people being pushed into the higher tax band.
Philip Mullen of IMPACT has said, “What we would like to see happening is that taxation policy would properly index the tax bands and the basic relief that people receive, so that people will be maintained on the tax band that is appropriate to them which in the vast majority of cases should be in the lower tax band.”
