what is the marginal 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%.
Northern Ireland Northern Ireland (Irish: Tuaisceart Éireann [ˈt̪ˠuəʃcəɾˠt̪ˠ ˈeːɾʲən̪ˠ] ( listen);[8] Ulster-Scots: Norlin Airlann) is a part of the United Kingdom in the north-east of the island of Ireland,[9][10] variously described as a country, province or region.[11][12][13] Northern Ireland shares a border to the south and west with the Republic of Ireland. In 2011, its population was 1,810,863,[4] constituting about 30% of the island's total population and about 3% of the UK's population. Established by the Northern Ireland Act 1998 as part of the Good Friday Agreement, the Northern Ireland Assembly holds responsibility for a range of devolved policy matters, while other areas are reserved for the British government. Northern Ireland co-operates with the Republic of Ireland in some areas, and the Agreement granted the Republic the ability to "put forward views and proposals" with "determined efforts to resolve disagreements between the two governments".[14]