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Fairness in changing Income TAX - Budget 2015
Reducing taxes is not Social Justice Ireland's priority for Budget 2015. Any available money should be used to improve Ireland's social services and infrastructure, reduce poverty and social exclusion and increase the number of jobs.
Social Justice Ireland has examined three options in relation to changes in income tax. This study finds that making tax credits refundable is the fairest and best option for changing the income tax system. By making tax credits refundable the full value goes to everybody who has an earned income. The main beneficiaries would be low-paid employees (full-time and part-time). The system would improve the net income of workers whose incomes are lowest, at a modest cost.
A detailed summary of the three options is available here.
The full study is available here.