Most of the state savings products offered by the NTMA (National Treasury Management Agency) have had their interest rates reduced this week. The lower rates only apply to new purchases made from June 3rd . If you already hold Savings Bonds, Savings Certificates, Instalment Savings or National Solidarity Bonds – your interest rate will not […]
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Austerity
Can Revenue Take Property Tax from Bank Accounts?
It won’t be long now until 1.6 million Local Property Tax leaflets and forms will be sent out to every homeowner in Ireland. We have already written about the ability of Revenue to deduct the Property Tax at source from wages or state payments such as welfare payments or pensions. The power to deduct at […]
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Cyprus Drops Tax on Savings – But What Happens Now?
The banking crisis in Cyprus continues – with banks there staying closed until at least next Tuesday . Original plans to levy a tax of upto 9.9% on deposit accounts have been dropped after a vote in Parliament. The ECB has threatened to withdraw support for the country’s banking sector if a bailout is not […]
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Household Income in Ireland Hit Hardest by Austerity
A recent EU study showed that households in Ireland experienced , in relative terms , the largest reductions in disposable income because of austerity measures imposed on them. The study by the “Social Situation Observatory’” compared the impact of austerity measures implemented over the period 2009-2011 in six European countries, namely Estonia, Ireland, Greece, Portugal, […]
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