The Irish Stock Exchange has welcomed the proposal to reduce the 1% stamp duty on all transactions in Irish shares to zero in the report by the Commission on Taxation today.

The Small Firms Association has welcomed the Commission on Taxation Report, saying it "should give the Government a road-map for tax reform".

Age Action has warned that proposals for the introduction of a carbon tax must protect the most vulnerable older people from the impact of higher fuel prices.

Torlach Denihan, Director of Retail Ireland, has said that there must be no rise in taxes for households following the publication of the report of the Commission on Taxation.

There has been a mixed political reaction to the Commission on Taxation's report.

The Taoiseach Brian Cowen has said that the Commission on Taxation Report is "a comprehensive examination of our tax system".

Senator Dan Boyle of the Green Party has said that "there are a number of areas where Green Party ideas differ from those of the Commission on Taxation".

IBEC have said the recommendations of the Report of the Commission on Taxation have welcomed the fact that a low, broadly-based tax regime was recognised as central to ensuring that Ireland remained competitive.

The Commission on Taxation is "clearly uncomfortable in issuing its recommendation to tax child benefit", according to The Children’s Rights Alliance.

The Commission on Taxation has recommended taxing child benefit in a report containing radical proposals to raise revenue, it emerged today.

The Commission on Taxation has published its 550-page report which makes 230 recommendations on how Ireland's public finances can be stabilised.

Major changes to the tax system are expected to be recommended by the Commission on Taxation when it launches its report later today.