Fianna Fáil Spokesperson on Finance, Michael McGrath TD, has encouraged people who think they may have overpaid income tax to request an End of Year Statement (P21 Balancing Statement) from the Revenue.

The EU says it' i an important step in the bloc's fight against multinationals trying to take advantage of tax loopholes.

Income taxes may need to be increased if the economy were to overheat, the Irish Fiscal Advisory Council (IFAC) has said.

Households were more upbeat about the economy while there was a mixed reaction from businesses across the country, according the latest Bank of Ireland economic pulse index.

The Department of Finance is investigating the reasons for an unexpected drop in revenues it collects from income tax revenues as it issued its exchequer returns for taxes and spending in March.

President Donald Trump earned $153m and paid $36.5m in income taxes in 2005, according to newly disclosed tax documents.

Plans by Taoiseach Enda Kenny to move to US levels of income tax have been strongly rejected by the Labour Party.

Income tax revenue from high earners fell by 4.4% in 2013 due to a sharp decrease in the number of high net worth individuals liable for such tax.

The head of the employers' group IBEC has said it is "nonsense" for politicians to say we shouldn't go back to the days of the Celtic Tiger.