Image via Wikipedia For Part 1 see here Minister for Finance Michael Noonan TD today announced the rest of Budget 2012. The main points are as follows: VAT: Raised by 2% to 23% 1.4c increase on Petrol 1.6c increase on Diesel €17.32 increase on Fuel Oil (to rise in May) €14.46 increase on Natural Gas (to rise in May) No Carbon Tax on solid fuels 25c increase on pack of 20 Cigarettes Capital Acquisitions Tax: Up from 25% to...
Image via Wikipedia According to EUBusiness our Corporate Tax rate is not as safe as our government is claiming. Steffen Seibert the current head of the German governmental press- and information-agency has stated: The German government will not be making proposals” regarding potential reforms to be put in place for the up to 90-billion-euro (123-billion-dollar) package “But it is clear that corporation tax should be one point among others when one considers how to increase the ‘receipts’ part of...
Image via Wikipedia One paragraph from yesterdays Observer’s Editorial should be memorised and remembered for a long time. Much of that story is familiar from other countries caught out by the credit crunch. But Ireland’s unique misfortune is to have, in Brian Cowen’s Fianna Fáil government, leaders who shipwrecked the economy and then capsized the lifeboats. The initial crisis response in 2008 was designed in such a way as effectively to absorb the doomed banking sector into the state,...
So it happened. Something I didn’t think would happen. Or maybe something I wouldnt let myself think would happen. All the warnings were there, but I didn’t think it would happen. I got handed my notice. Thats right. I am now unemployed. I never thought I would be upset about loosing my job. But everytime I think about it, my eyes well up. Yes, I know I am not alone in loosing my job, but its a gutting esperience...
As I apporached today I was fearful that they would do something that would directly effect me (Im selfish I know). But as someone on minimum wage I thought they might do something to the tax limits, but they didn’t. What did you make of the Bludget?
Image by stephen.spillane via FlickrAccording to an article in todays Sunday Business Post the Department of Agriculture is considering “an extra levy that will be charged on all Irish meat products purchased by consumers” Are they serious? The recent pork recall cost consumers money and has made Irish Pork a damaged brand and now they want us to pay an extra tax on it? You must be kidding me! The reason for the levy is to create a “contingency...
There is a post on Iain Dale’s Blog about 15 reasons why a VAT cut won’t help so how many of them also apply to the VAT increase that will occur hear on the 1st of December. 1. Deflationary for the next 12 months Inflation Gaurenteed to be at leats 1.1% 2. Reduces business liquidity possibly by over £1bn Yup, the same affect not sure about the value 3. Little or no help to SME’s in the B2B sector...
Via RTÉ Its about time they did this but I have huge reservations to this part of the Plan The plan provides for the State to recoup some of the cost of care from older people after their death, when their home is sold. What if it is left to a member of the family, I know they have to pay inheritance tax etc, but how can they put another tax on it, I suppose it will be another...
A reduction in the top rate of tax helps those on low income – wtf???????
Sam over at Pull Out The Pin in his PD Conference reaction post claims the following The tax cuts are terrific, as I am a supply-sider and am firmly convinced that reductions in the upper rate benefit people on lower incomes profoundly Now I must say that is news to me. I left a comment on his blog saying How can a lower upper rate benefit those on low incomes. I speak from a family in the lower band...
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