No significant tax increases in December, hints Noonan

THE Government will resist imposing significant tax increases in December’s Budget, Finance Minister Michael Noonan implied in an address to the accounting profession yesterday.

Addressing the Leinster Society of Chartered Accountants, Mr Noonan said that Government is: “Acutely aware that tax rates, in some areas, are already high and significant increases would be harmful to economic activity.

“Our overall approach, on the revenue side, therefore, will involve a broadening of the tax base while maintaining rates as low as possible.”