Taoiseach announces plan to cut tax rate and vows furthers cuts if re-elected

The Taoiseach Enda Kenny has again promised a further cut in the marginal tax rate in 2016.

Speaking to the American Chamber of Commerce in Ireland's Thanksgiving lunch in Dublin, Mr Kenny highlighted how the cut from 41% to 40% in the top rate, and changes to USC and bands, would cut the marginal rate from 52% to 51% in January.