Is Ireland’s tax rate a reason to emigrate?
Ibec chief says Ireland’s high income tax is driving young people out of the country
Ibec director general Danny McCoy has said Ireland’s high income tax rate is driving young people to emigrate, Pamela Newenham reports.
Mr McCoy said the Government needs to rethink Ireland’s income tax rates if it wants to stop young people from emigrating and attract top talent to the country
“At 52 per cent we now have one of the highest marginal tax rates in the OECD, well above the average of 36 per cent. It also kicks in at a low income level,” he added.
Was the tax rate a factor in your decision to emigrate? How do income taxes compare where you live now?