Fine Gael tax cut proposals will create a ‘race to the bottom’, says Labour

Paschal Donohoe (Niall Carson/PA)

Plans to cut taxes by up to 600 euro a year by widening income bands have been branded a “race to the bottom” by the Labour Party.

Fine Gael’s Finance Minister Paschal Donohoe has flagged plans to raise the point at which people pay the top rate of income tax to 40,000 euro, over three years.