With talk of an imminent property tax, people are trying to make the case that ‘Ireland is different’ – it’s possible elsewhere but not here. This post outlines some of the most common difficulties people raise, and how to overcome them.
Can we ignore higher corporate and property taxes?
S&P has downgraded Ireland’s debt rating – again – while latest Government figures show that Ireland faces a €12bn hole in its tax revenues this year, compared to 2007. This post outlines where the hole has come from and how it can be tackled. This will require an open debate, though, which will involve sacred cows such as Ireland’s corporate tax rate and a property tax.
Ireland's €12bn tax hole in 2009, by taxation type
A €4bn Budget day suggestion – just how much could an Irish property tax raise?
Yesterday, the latest daft.ie report was released. More details here, but the overall gist is that asking prices fell 4.2% in the first few months of the year. Coupled with the falls in 2007 and 2008, this means that asking prices are now down 18% in two years. On the face of it, this may [...]
