Varadkar rules out tax cuts in forthcoming budget

Ireland is also 'not yet in a position' to back a global move for an effective tax rate of 15%, the Tánaiste said

There will be no cuts to income tax or USC due to the Covid-19 debt, says Tánaiste Leo Varadkar. File Picture: Leah Farrell / RollingNews.ie

Leo Varadkar has ruled out any income tax cuts or a reduction in the Universal Social Charge as part of the upcoming budget.

Ireland is also “not yet in a position” to join the consensus in adopting a global minimum effective tax rate of 15%, the Tánaiste said, however, he added that “we do remain committed to the process”.