The Government’s tax advisory group has published papers that indicate a third income tax band could see up to a million taxpayers take home an extra €500 or €1,000 a year.
Middle and high income earners would see “a direct increase in their net income” if such a measure was introduced, while low and modest income earners “would not directly benefit from this proposal”, the group said.
In the tax strategy group papers published on Wednesday, as part of preparations for Budget 2023, the civil servant group advised on possible changes to income tax rates.
