Kenny pledges three years of tax cuts

Three consecutive years of tax cuts are on the way, starting with the 52% rate the Taoiseach said — laying the foundation for the Coalition’s bid for a second term in office.

Enda Kenny said his Government will “start the process” of reducing the 52% marginal rate of tax in next month’s budget and continue to reduce it “not just in the next budget, but in the budget after that and the one after that again”.

However, an independent think-tank Tasc, said cuts to the 52% marginal rate —which includes the 41% income tax rate, PRSI and the universal social charge — would only help the top one in six earners.