Ibec: 52% cut would benefit half of taxpayers

More than half of taxpayers would benefit from a cut in the 52% marginal tax rate, according to the employers’ organisation, Ibec.

The claim is contained in a new report published today entitled ‘Debunking Irish tax myths,’ as the organisation continues to push for a reduction in the 52% rate it describes as “punitive” and which includes the 41% income tax rate, the universal social charge and PRSI.

Ibec says claims that such a cut would only benefit a small proportion of taxpayers are inaccurate and the personal tax burden should be eased to encourage employees to take on additional work.