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Wed 12 Dec 2009Increasing tax on higher earners back on agenda
A TAX or levy for higher earners has come back onto the table in the Government’s internal budget negotiations, according to informed sources.
The levy of 1 or 2 per cent has led to strong differences of opinion between Government departments and agencies over its effectiveness. Bodies such as the IDA and Enterprise Ireland as well as the departments of Enterprise and Employment and Finance are believed to have argued against them on the basis that it could push the marginal tax rate for higher earners close to 60 per cent, and dissuade companies with high-calibre employees from choosing Ireland as a base.
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