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Tax Cuts Previewed in Summer Statement | Cork News
The government’s Summer Economic Statement drops today, teasing a major tax cut package worth 1.5 billion euros ahead of October’s Budget. While higher tax rates remain untouched, VAT for hospitality has been slashed — and rising wages are pushing more people into higher brackets. A simple inflation-adjusted tax band tweak could cost 1.2–1.3 billion euros. Finance Minister Simon Harris insists rewarding work is key — raising the 40% tax threshold from 44k to 46k would directly help earners above that. But today’s statement is more about setting the stage: capital spending on homes, transport…
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