30% tax rate will aim to help people keep wage increases

Thursday, June 11, 2023

Vivienne Clarke
Minister for Finance Paschal Donohoe has explained that any moves to introduce a new 30 per cent tax band would be with the aim of helping people to keep as much as possible of any wage increases.
The Government knew that the money in a person’s wallet was not purchasing as much as it used to, so indexation was important as wages go up, so people did not end up paying more tax, he said.
‘We want them to keep as much as they’re earning,’ he told RTÉ radio’s Morning Ireland.