60% of taxpayers favour cuts to public spending over increased taxes 

A survey carried out by Taxback.com found that 45% said a wealth tax should be introduced for higher earners. File picture.

60% of people favour cuts to public spending over increased taxes, according to recent figures.

Taxback.com surveyed 2,100 Irish taxpayers ahead of next week's budget. They found that only 5% of people wanted to see an increase in tax on savings, while 45% said a wealth tax should be introduced for higher earners. Of the respondents who were asked the same question in 2017, 87% of people said they were in favour of a wealth tax.