Ibec: more taxpayers on the higher rate

Industry lobby says State is not low tax

According to Ibec, 
It says 
the Irish income tax regime is “one of the most punitive” in the EU. Since 2010, 
Ibec
it says, income tax as a percentage of national income has risen from 8.7 per cent to 11.6 per cent, well above the EU average of 9.5 per cent.
According to Ibec, It says the Irish income tax regime is “one of the most punitive” in the EU. Since 2010, Ibec it says, income tax as a percentage of national income has risen from 8.7 per cent to 11.6 per cent, well above the EU average of 9.5 per cent.

More than half of Irish taxpayers would benefit from a cut in the marginal rate of income tax, employers group Ibec has claimed.

In a riposte to what it says is misinformation in the budget debate, Ibec says Ireland is not a low income tax country and suggestions that only 17 per cent of income taxpayers fall into the higher income tax rate – and that the average tax rate is just 14.1 per cent – are factually incorrect.

According to Ibec, the Irish income tax regime is “one of the most punitive” in the EU. Since 2010, it says, income tax as a percentage of national income has risen from 8.7 per cent to 11.6 per cent, well above the EU average of 9.5 per cent.