How does Budget 2027 affect businesses?
Summary
Newstalk’s political correspondent Sean Defoe and PwC’s Head of Tax, Porrick Burke, analyze the 2027 Budget, noting it was fully leaked and focused on political recovery from previous fuel protests. Key measures include raising the higher-rate income tax threshold, increasing social welfare payments, and introducing a €1 billion fund to help Irish businesses scale globally.
Topics discussed
Introduction and welcome to The Hard Shoulder
Sean Defoe on the lack of surprises in Budget 2027
Income tax changes and USC threshold increases
Childcare caps and social welfare payment rises
Disability payments and carer allowance updates
Political strategy: avoiding fuel protests
Targeted measures for struggling households vs general relief
Energy costs and the limits of current tax cuts
Will energy issues cause future protests? Taoiseach's view
Transition to PwC tax analysis segment
Porrick Burke introduces the tax impact analysis
Calculating monthly tax benefits for different earners
Assessing if tax cuts offset rising cost of living
Business tax measures and the new ISIF scaling fund
Gaps in skills, capability, and AI investment
Capital Gains Tax reduction and long-term vision
Inheritance tax changes and USC adjustments
Show outro and Government of Ireland public service announcement
Listen ad-free on Castria