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An Taoiseach Enda Kenny speaks to the media at the IBEC CEO Conference at the Convention Centre in Dublin this morning Laura Hutton/Photocall Ireland

Taoiseach: We'll consider tax cuts next year, if we can afford it

Enda Kenny told CNBC News that “income tax levels are too high here”.

TAOISEACH ENDA KENNY has said that the Government is to consider income tax cuts if it’s possible to pay for them.

Speaking to CNBC News at the IBEC conference Convention Centre Dublin this morning Kenny said he accepts that “income tax levels are too high here”.

Kenny’s comments come after IBEC this morning advised the Government to cut income tax as a means of boosting consumer spending because many employers can not afford wage increases.

We recognise that income tax levels are too high here and its very important that we have a consistent and sustainable way of dealing with this. You can’t deal with it without having your economy grow. All of of this will be taken into account ahead of the budget for 2015.

“This is a priority for government, but you can only deliver on it if you can actually pay for it,” he added.

Kenny said that ahead of next year’s budget he would be looking at whether a tax cut would be possible.

“There’s a great pressure on people and the government are  aware of this,” he said.

Corporate tax

Kenny also flatly rejected claims made earlier this week by a research team at Trinity College which found that US multinationals pay an effective tax rate of just 2.2 per cent.

“The methodology for determining the actual rate of tax varies from academic to academic,” he said. “Actually all figures in that report included all US companies, even ones that are not resident here.”

The 2.2 per cent is not correct. The effective rate can range between 10 per cent and 11.9 per cent.

The figures use metholgies used by the Revenue Commissioners and EU assessors the Taosiseach says.

Read: Multinational companies paid just 2.2 per cent tax in 2011 – report >

Read: €24.5m yielded by Revenue in compliance campaign for those with two pensions >

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61 Comments
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    Mute Stephen O'Sullivan
    Favourite Stephen O'Sullivan
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    Apr 11th 2014, 1:16 AM

    Incredibly funny writer. The Adrien Mole series goes well beyond his teenage years. I’d recommend them to anyone.

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    Mute Irish Names
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    Apr 11th 2014, 5:34 AM

    Always loved the line about Adrian Mole’s dad jumping out of bed upon hearing of the falkland’s invasion thinking they were islands off the coast of Scotland.

    225
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    Mute James Halford
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    Apr 11th 2014, 5:36 AM

    …and when he finds out where they are he gets back into bed again.

    A brilliant writer. RIP

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    Mute Sara McSweeney
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    Apr 11th 2014, 6:18 AM

    And when they can’t find the Falklands on a map because they are under some crumbs…

    156
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    Mute Richard Day
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    Apr 11th 2014, 2:24 AM

    10th April 2014

    - Cleaned teeth
    - Switched on laptop for one final Internet browse
    - Said Goodbye to terrific Author (RIP Sue Townsend)

    254
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    Mute Jamie McCormack
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    Apr 11th 2014, 2:26 AM

    Nice.

    54
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    Mute Briny Boy
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    Apr 11th 2014, 3:25 AM

    As someone whose teenage years began in the 1980s, it’s so hard to describe the effect the Adrian Mole books had on me. I loved the books then and I love them just as much now. Sue was an exceptionally gifted writer who came up with some of the wittiest and downright funniest writing ever.

    Adrian, Pandora, George and Pauline, Bert Baxter, Barry Kent, the dog…I could go on all night. So many people owe her a massive debt of gratitude. RIP Sue.

    190
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    Mute Barry Scanlan
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    Apr 11th 2014, 4:30 AM

    Those names bring me back, had forgotten all about them

    76
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    Mute Roland 303
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    Apr 11th 2014, 6:06 AM

    His parents arguing over who DOESN’T get custody of Adrian!! Classic.

    127
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    Mute Kieran Monaghan
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    Apr 11th 2014, 1:29 AM

    God rest a very funny woman.

    119
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    Mute John O Brien
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    Apr 11th 2014, 1:30 AM

    I just checked the journal just before I put my head down for the night and can’t believe this absolutely dreadful news. This woman’s writings were unsurpassed and insightful beyond belief – meant so much to me so long ago and still now. Won’t sleep tonight and am cracking open a bottle of Teachers to drown my very deep sorrows. Sleep easy Sue.

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    Mute Ann Mc Kennedy
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    Apr 11th 2014, 1:45 AM

    I loved those books. They were so funny… May she rest in peace..

    91
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    Mute Kevin Maughan
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    Apr 11th 2014, 1:31 AM

    So sad to hear this. Her books always made me laugh.

    91
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    Mute Bleedin Rapid
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    Apr 11th 2014, 2:09 AM

    Loved reading about Adrian Mole from age 13 3/4 to 39 1/4, gutted there will be more. RIP Sue, thanks for the good books.

    64
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    Mute Jamie McCormack
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    Apr 11th 2014, 2:23 AM

    A very talented writer. Adrian Mole’s diary was very funny. Thanks Sue.

    62
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    Mute n365
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    Apr 11th 2014, 3:20 AM

    Will be missed by me ..and Pandora.

    59
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    Mute Bill
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    Apr 11th 2014, 6:21 AM

    Perhaps we all saw a little of ourselves reflected in Adrian’s teenage angst , a most original writer lots tried to copy her style no one could equal it.

    48
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    Mute Petr Tarasov
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    Apr 11th 2014, 2:06 AM

    Great books. RIP

    40
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    Mute John Fenner
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    Apr 11th 2014, 3:24 AM

    A sharp and entertaining writer. Funny and always interesting.

    26
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    Mute Emer Walsh Roy
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    Apr 11th 2014, 7:24 AM

    Oh no- such sad news! Loved Sues writing and especially Adrian’s diaries. Can believe she won’t be able to write another. RIP Sue ( and Adrian)

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    Mute Bleedin Rapid
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    Apr 11th 2014, 2:10 AM

    *no more … Oops

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    Mute OU812
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    Apr 11th 2014, 7:47 AM

    Gonna be incredibly selfish, but I really hope the last book was completed. If that series ends on the prostate years it’ll be terrible.

    RIP Sue, you’re part of my life forever.

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    Mute Paul Harvey
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    Apr 11th 2014, 7:42 AM

    Fantastic author and brilliant books wish I could read them again for the first time.

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    Mute Terence Truant
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    Apr 11th 2014, 12:08 PM

    The 100% positive comments speaks volumes

    14
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    Mute Angelic Lestat
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    Apr 11th 2014, 9:09 AM

    I bought the 1st four Adrian Mole books in a compendium and read them until the pages started to come out of the book.

    RIP

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    Mute Shaunagh
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    Apr 11th 2014, 11:12 AM

    As her eyesight became worse, she dictated her books to her son.
    That would be an amazing job. Apart from anything, attempting to not laugh while typing would be a challenge. RIP Sue. x

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    Mute Tony O Reilly
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    Apr 11th 2014, 8:05 AM

    Great writer,loved the books when I was a teen,thanks for the memory’s sue

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    Mute Jason Carroll
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    Apr 11th 2014, 12:41 PM

    Sue really helped me to enjoy reading, as I am dyslexic and find reading very hard sometimes. Thank you and RIP

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    Mute francis hoban
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    Apr 11th 2014, 7:16 AM

    Great books funny out

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    Mute Anne Cooke
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    Apr 11th 2014, 2:06 PM

    RIP Sue. Adrian has left us all with fond memories of our youth as we all laughed and identified with so much of what was in each book. It was like finding ourselves.

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