An individual may no longer be able to claim tax relief on contributions he or she makes to a pension fund after it reaches €1.5m – and possibly even less – under proposals suggested in the Programme for Government, The Sunday Business Post reports.
Chartered Accountants Ireland have reviewed the Programme of the “Government for National Recovery” published by the Fine Gael and Labour parties at the weekend. The programme contains some detail as to what can be expected in terms of tax policy. Among the tax proposals are the following:
The agreement to form the new coalition government between Fine Gael and Labour is based largely on consensus around taxation reform, The Sunday Times front page lead article reports.
Enda Kenny has already raised the prospect of selling state assets with the chief executive of Bord Gáis, John Mullins as a revenue-raising option under the new government, The Sunday Business Post reports.
The new government has revealed a central plank of the Smart Economy strategy – apparently, TDs and senators are to receive training on how to use Twitter and Facebook, according to a report in The Sunday Business Post.
