IBEC calls for €400m in tax cuts for public
The Government's being told that there is now scope to unveil €400m in tax cuts in the budget in 25 days' time.
The call from the employer's body IBEC comes in the wake of yesterday's improving economic data.
The incoming President of the group told the Taoiseach in Dublin last night that the measures could include raising the point of entry for workers on to the higher tax rate, changes to the Universal Social Charge, and abolishing the pensions levy.
Responding to the call, Taoiseach Enda Kenny said he hoped the coalition would deliver something in tax cuts in the budget - but that keeping the recovery stable was his first priority.
"While the public finances are not in a position to significantly reduce overall tax levels, the Government is committed to continuing to reform the tax system in a way the reinforces and secures our economic recovery," the Taoiseach said.
