World Economy

Ireland Expected to Cut Taxation

Ireland Expected to Cut TaxationIreland Expected to Cut Taxation

The Republic of Ireland’s finance minister is due to announce tax cuts and spending increases in the country’s last budget before an election, BBC reported. The country exited its international bailout programme in 2013 and is now Europe’s fastest growing economy. Finance Minister Michael Noonan is expected to announce a cut in personal taxation. However, some analysts have warned that Noonan should do more to tackle high levels of government debt.