Highest tax hikes for top Irish earners

IRELAND’S top earners have been hit with the highest personal tax hikes this year compared with any other country globally.

This is according to KPMG’s latest tax survey which also found the global decline in top personal income tax rates over the past seven years may be coming to an end due to the need for new sources of budgetary and stimulus funding among governments.

According to the KPMG survey the top average personal income tax rate dropped 0.3% worldwide in 2009 to 28.9%.