herald

Thursday 16 August 2018

Noonan 'should avoid tax cuts'

budget

ECONOMIC think-tank the Nevin Institute has called on Finance Minister Michael Noonan (below) to make a Budget 2015 adjustment of just €800m, rather than the €2bn adjustment being sought by the Irish Fiscal Advisory Council.

The Institute said record-low borrowing costs should be used to fund a large-scale public investment programme focused on areas like social housing, education and high-speed broadband infrastructure.

In its latest economic commentary, the trade-union funded think-tank called said the Government shouldn't cut taxes.

It said budget measures should include an increase in employers' PRSI, a wealth tax and reforms to capital acquisitions tax.

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