Middle Classes Will Be Squeezed with a E270m Stealth Tax

Daily MailNovember 19, 2007

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Summary


FINANCE Minister Brian Cowen is t o remove the ceiling on PRSI in next months Budget.

The move a desperate bid to fill the growing black hole in the States finances will see the middle class bearing the brunt of the E270million stealth tax increase.

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Middle Classes Will Be Squeezed with a E270m Stealth Tax

Mr Cowen has instructed Department of Finance officials to carry through his PRSI plan, while an election pledge to reduce the rate at which the tax is levied from 4 per cent to 2 per cent has ...

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