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.
Posts Tagged ‘Budget 2012’
Taxation changes will not be agreed by government until next week, with the spending cuts being decided first, according to The Sunday Business Post.
Income tax increases may be off the political agenda but gardaí are claiming other government charges will have the same impact when introduced in the New Year, according to The Sunday Business Post.
Two-fifths of people would reduce their pension contributions if tax reliefs are reduced, according to a survey carried out on behalf of pensions company Invesco.
The richest people in Ireland trust their children to look after their inheritances more than their counterparts in other countries, according to a survey by Barclays Wealth reported in The Sunday Times.