| In a recent speech to the Oireachtas (Irish legislature), Minister of State for Financial Services, Eoghan Murphy, reiterated the government's commitment to phasing out the Universal Social Charge (USC). The phasing out of the USC is part of broader medium-term income tax reform plan meant to reduce the cost of labor, broaden the tax base, and reduce excessive tax rates for middle income earners while limited the benefit for higher earners. The most recent step in a gradual process for redu… |