Tax Band Review and Carbon Tax Shift | Limerick News
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Tax Band Review and Carbon Tax Shift | Limerick News
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Ireland’s tax system is under review as Tánaiste Simon Harris pushes to raise the threshold for the higher tax rate from €44k — calling it too low and proposing a tweak in the upcoming budget to ease pressure on working families. He highlights progress since 2015, when the threshold was at €33k, but argues more alignment with global standards is needed. The broader budget, currently set at €1.5bn, could grow if new revenue sources like a bank levy or higher cigarette taxes are introduced. Meanwhile, the government is reconsidering carbon tax hikes amid soaring energy prices, weighing environmental goals against household cost relief — all while navigating complex trade-offs in the budget planning process.
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