VAT HIKES & BUDGET CUTS

Cliff Taylor, the editor of The Sunday Business Post, says the Vat hike will certainly hit retail sales and will affect the poor disproportionately – the question is will the measure have the desired effect of raising the bulk of tax revenues required under the terms of the so-called bailout? And now the cat is out of the bag regarding how the government intends to raise the tax component of the €3.6 billion our Troika masters are demanding.

SUPER RICH & DOMICILE LEVY

JP McManus, the Switzerland-based businessman, has told The Sunday Independent his decision to live abroad had nothing to do with tax avoidance.

“I didn’t leave this country for tax purposes; I left because I wanted to set up a business abroad. I paid my taxes before I left the country in full. I didn’t leave to avoid paying tax or any future tax or anything like that,” he said.

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