what is the standard rate of tax in ireland
Taxation in the Republic of Ireland In Ireland there is an income tax, a value added tax (VAT), and various other taxes. Employees pay pay-as-you-earn (PAYE) taxes based on their income, less certain allowances. The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to middle to top earners, the top marginal rate of tax (including USC and PRSI) is 52%. However a large proportion of central government tax revenue is also derived from VAT, excise duties and other taxes on consumption. The standard rate of corporation tax is among the lowest in the world at 12.5%.
List of political parties in the Republic of Ireland There are a number of political parties in Ireland, and coalition governments are common. The state is unusual as a developed nation in that politics is not primarily characterised by the left-right political divide. The two largest political parties, Fianna Fáil and Fine Gael, arose from a split in the original Sinn Féin party in the 1922–1923 Civil War, Fine Gael from the faction (Cumann na nGaedheal) that supported the 1921 Anglo-Irish Treaty and Fianna Fáil from the anti-Treaty faction. This enduring characteristic of the Irish party system is sometimes pejoratively referred to as "Civil War politics". The Labour Party was formed in 1912, and it has usually been the third party in parliamentary strength, though it is currently the fourth largest party in Dáil Éireann. In recent years, Sinn Féin has risen to prominence, surpassing the Labour Party in the 2016 general election.