Cowen urged to index tax bands

THE construction industry have asked Finance Minister Brian Cowen to index the taxation bands in December’s Budget.

In its pre-Budget submission, the Construction Industry Federation (CIF) says indexing the bands would greatly benefit workers in its sector, many of whom pay tax at the standard rate.

The CIF says Mr Cowen must look at a number of issues in his first budget and ensure that economic growth is not damaged and that investment in capital projects must be maintained to keep the economy growing and ensuring development of our infrastructure.