Enterprise Minister Signals Delay To Major Business Tax Measures

Peter Burke is seeking a €100 million package for his department.

Major tax cuts and reliefs for businesses are likely to be deferred to future budgets, according to the Enterprise Minister.

The Irish Independent is reporting that Longford-Westmeath TD Peter Burke wants a €100 million package for his department, but is signalling there's limited space to spending increases.

Tánaiste and Finance Minister Simon Harris says most of the €1.5 billion allocated for new measures will be used to increase the 40% income tax threshold level.

Mr Burke says he is considering several measures that would help businesses without costing the State money. 

He also wants to remove what he described as a "draconian" rule requiring company bosses to report any gifts given to employees to the Revenue Commissioner in real time.


 

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