The Bankruptcy rules have been relaxed in Ireland – and the period of applying for discharge from bankruptcy has been reduced from 12 to five years. Also – there is now automatic discharge of bankruptcy after 12 years. The revised rules are contained in the Civil Law (Miscellaneous Provisions) Act 2011, which came into force […]
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IMF
The IMF – They Haven’t gone away You Know
As Gerry Adams once said of the IRA – “they haven’t gone away you know”…… well the IMF are still around too – and they have, for the first time, appointed a resident representative in Dublin to oversee its programme of support to Ireland. The IMF representative, Peter Breuer, is based in the Central Bank’s […]
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EU-IMF Bailout Interest Rates and the 2012 Budget
The interest rates on the bailout loans to Ireland from the IMF and EU will be decreased it was announced this week. Irish Minister for Finance Michael Noonan has said that the deal was a very significant step for Ireland which made the outlook for budgets in the coming years less harsh. He said that […]
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IMF and the Irish Budget 2012
It looks like the IMF will be directly involved in deciding the details of tax rises and spending cuts in Budget 2012. The 2012 Budget will be announced in December 2011 – and the Government plans to take about €4bn out of the economy – either in tax increases or cuts in public sector spending. […]
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Household Charge From 2012 (Property Tax)
A new “household charge” is planned to be introduced in Ireland from January 2012 – it was announced by Environment Minister Phil Hogan yesterday. This Household Charge is an interim measure until a fully working Property Tax system is put in place. The property tax can’t be fully implemented until the government have put in […]
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