Exchequer Returns Welcome but Talk of Tax Cuts Is Premature

Chambers Ireland has welcomed today’s (02/04/14) Exchequer Returns which indicate that tax revenues are up 4.7% year on year, but cautioned that now is not the time for complacency.

Speaking this afternoon, Chambers Ireland Chief Executive Ian Talbot said “An increase in tax revenue and a reduction in Government spending are figures to be welcomed. However, while these figures show a positive start to 2014, we must be cautious. Now is not yet the time to consider reducing taxes. Instead we should continue to support job creation, foster the domestic economy and continue to reduce the cost of Government to strengthen our economic recovery.”

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For further information contact Amy Woods, Chambers Ireland on 01 400 4319, 086 6081605 or email amy.woods@www.chambers.ie