Ibec calls for 5% reduction to top rate of tax

Employers have warned about election promises to abolish the Universal Social Charge, urging instead for higher earners to get a 5% reduction in the top tax rate.

Ibec also warned against unrealistic pay level demands or increases in salaries, eroding the competitiveness of the economy, as parties prepare to set out their campaign pledges.

The employers’ body will today launch a guide to key policy promises of the major parties, but also voice concern that “populist election positions” risk repeating serious economic mistakes of the past.