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Mon 11 Nov 2009New levy likely for high earners as budget details to be finalised
FINAL DETAILS of the budget are due to be worked out at a meeting of the Cabinet tomorrow morning, where the issue of a further contribution to the public finances by those earning more than €150,000 is likely to be addressed.
Minister for Finance Brian Lenihan has pledged no new taxes will be introduced and Government sources last night categorically ruled out a third rate of income tax. However, to avoid the perception of unfairness, an extra imposition of another kind on single-income earners above €150,000 is under serious consideration.
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