A recent report from the IMF titled “Ireland: Selected Issues” made some observations and comments on ” Medium-Term Fiscal Consolidation in Ireland”. There were a few suggestions in the report for possible cuts in spending – and it will be interesting to see if any of these cuts make an appearance in Budget 2013 which […]
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December Budget
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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Landlords Advised to Pass on Household Charge to Tenants
Although tenants will not be directly liable for the new Household Tax – it looks like many private tenants will be expected to pay an amount to cover the new charge to landlords on top of their rent. The Irish Property Owners Association – (IPOA) has advised landlords to levy the Household Charge on their […]
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DIRT Increase in Budget 2012
Deposit Interest Retention Tax or DIRT will increase from 27% to 30% from January 2012. This is the tax paid on interest on savings. The DIRT was increased from 25% to 27% in the 2011 Budget.
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Summary of Budget 2012 Taxation Changes
December 6th 2011 – Day Two of Budget 2012 – Taxation These are the main points of the second day of Budget 2012 This article will be updated as the details are announced. Income Tax – No Increases , No Changes to Tax Bands or Tax Credits Universal Social Charge – From January 1st the […]
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