BUDGET NIGHT RESOLUTIONS
Chartered Accountants Ireland have issued important clarification of the status of Budget Night resolutions in the event of a General Election prior to the passing of the Finance Bill:
Tag: Budget 2011
CORPORATION TAX & THE BUDGET
Amid the acres of conjecture/analyses of our economic travails across every Sunday broadsheet, the question of our 12.5% corporate tax rate is close to centre stage.
PENSION LEVY
Irish Life and Zurich Life, two of the biggest pension providers in the country, have asked the Government to impose a €200m levy on retirement funds in the upcoming Budget rather than cut tax relief on contributions, The Sunday Times reports.
BUDGET 2011 & PENSIONS
The Government’s €6 billion Budget plans may founder on proposals to cut the state pension, with Fianna Fail backbenchers threatening revolt over the issue, The Sunday Times reports in its lead story.
BUDGET 2011 EDUCATION CUTS
Proposed spending cuts of €400m on education are among the key sticking points between Fianna Fail and the Greens in agreeing the upcoming Budget, The Sunday Business Post reports.
MORE BUDGET PROJECTIONS
Middle-income earners are in for a tough time following the Budget. A number of measures designed to reduce the Government’s budget deficit will hit those earning more than €35,000 a year the hardest.
DEPT OF FINANCE PROJECTIONS
The Department of Finance isn’t very good with numbers apparently. In a Halloween-themed news focus “House of Horrors” The Sunday Times asks: with a finance department that gets it wrong so often, should we all be scared?
PUBLIC SECTOR PENSIONS
Civil service pensions may be brought in to line with private sector pensions if a proposed Fianna Fail reform goes ahead.
THE BUDGET
This week’s speculation on what we can expect to see in the December Budget focuses on cuts to all welfare benefits, the slashing of tax credits and a new property tax. The Sundays are awash with the details of proposals being discussed and numbers being crunched.
THE MOTHER OF ALL BUDGETS
Not long to go now but there is still time to offset the taxing effects likely to be coming down the tracks on that Mother Of All Budgets in December, according to The Sunday Times.
BUDGET 2011 TAX HIKES
Standard and higher rates of income tax are set to rise by up to 2% after December’s Budget and thousands of lower-income earners can expect to be dragged into the tax net, The Sunday Times reports.
IT’s THE ECONOMY STUPID!
This week’s Sunday newspapers invented a whole new genre of misery lit with the main theme being the sheer scale of the economic crises in which we find ourselves. The analogy doesn’t end there: the coverage does tend to induce page-turning and the ending doesn’t look pretty.
TAXING PENSIONS
The €2.7 billion paid by the government to retired public sector workers will have to be taxed further and the Croke Park agreement will become null and void as the price Ireland must pay to stay out of the European bailout fund, a leading credit ratings analyst has told The Sunday Tribune.