The Government is likely to hit savers with a higher Dirt tax in this week’s Budget, costing investors about €1 for every €1,000 they have on deposit, The Sunday Business Post reports.
Posts Tagged ‘banks’
People who cannot service their mortgage could declare insolvency and be released from bankruptcy – including their mortgage deficits – within three years under new government proposals, according to the main story in The Sunday Business Post.
Taxpayers will have to wait even longer than they thought to recoup any money spent to prop up the Irish banking system because banks will be allowed to offset billions in losses against their future tax bills, The Sunday Business Post reports.
The row rumbles on over the controversial pensions levy to fund the Government’s Jobs Initiative with stark warnings about a flight of capital from Irish banks as an unintended consequence.
Although Irish institutions now have to pay the best deposit rates in Europe just to maintain funds here, they are still falling behind soaring inflation.