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2018 Budget predictions
Objectives
Deliver a balanced budget
Publish a 10 year plan to build
infrastructure
Reduce tax on low and middle-income
earners
Help businesses and families plan
for the future
Business
Reduce VAT rate or introduce VAT deferral system for Brexit-impacted businesses Increase
attractivenessof Entrepreneur Relief
Introduce incentives to attract SMEs and scaling companies from abroad
Infrastructure
Restore
100% relief for interest on loans to acquire or develop rental property
Broaden the ‘Help to Buy’ scheme beyond first time buyers
Allow
tax deduction for Local Property Tax on residential rental properties
Consultation on future merger of USC & PRSI
Raise the 20% tax band by €1,000 to €34,800
Increase the earned income credit and parent/child inheritance threshold
Minister Donohoe's
2018 Budget objectives
Individuals
With these in mind, some of the measures the Minister could announce on October 10 include:
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