FF pledges a range of tax cutting moves

A NEW Fianna Fail government would implement "real tax cutting measures", eliminate borrowing to finance day to day public spending…

A NEW Fianna Fail government would implement "real tax cutting measures", eliminate borrowing to finance day to day public spending and remove the obstacles to business progress, the party leader, Mr Ahern, has promised.

Addressing the Institute of Credit Management in Dublin last night, Mr Ahern said their specific economic and taxation measures would be published as soon as the general election was announced.

Publication of the party's election manifesto is billed for Friday morning.

According to the party leader, their policy will be underpinned by a philosophy of tax cuts, investment and "sound handling" of the national finances.

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Business owners who create and maintain jobs over three years will receive a reduction in personal income tax, he said.

Fianna Fail also proposes to introduce a 25 per cent tax rate to apply to companies with profits below £100,000. A flat rate of 30 per cent would be introduced on the balance, up to £250,000 of profits.

Employers taking on the long term unemployed would receive double tax deductions, Mr Ahern said and the Mentor Scheme would be expanded for new businesses.