In another election pledge U turn, Finance Minister Michael Noonan today refused to rule out a rise in Income tax in December's budget. It is to give effect to the pension fund levy and VAT cuts announced in the jobs initiative.
But in the Dail, Minister Noonan appeared to suggest he cannot guarantee no tax hikes in the budget.
Mr Noonan said: "I am not going to rule out any tax initiative, or any tax increase or any tax reduction."
FS
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