Positive Exchequer Returns Mean Government Must Look at Tax Cuts in Budget 2016

Wexford Chamber welcomed the positive Exchequer Returns for May and called on Government to look at cutting taxes to improve net pay for all workers and to reduce pressure on employers that cannot afford pay increases.

Martin Doyle, President Wexford Chamber  said, “The Exchequer Returns so far this year have been positive with steady increases in overall tax take. These figures, combined with the ongoing reduction in unemployment numbers, demonstrate that Government do have capacity to introduce a number of focused tax reductions.”

“We recognise the need to be prudent with October’s budget but we can now afford to look at meaningful reductions to high rates of income tax and USC which have the added advantage of supporting our competitiveness,” he concluded.