With the recent change in the leadership of the Labour Party, the Government published a Statement of Government Priorities 2014 -2016. The tax measures referred to in that document are as follows:
• Commitment to reduce the marginal rate of tax on low and middle- income earners commencing in Budget 2015 (due October 2014) and to be continued in subsequent budgets.
• Confirmation that local authorities will retain 80% of the proceeds of local property tax from 2015.
• Confirmation that local authorities have the power to alter the local property tax rate by up to 15% (upwards or downwards).