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09/03/2009
April Budget Could See Tax Levy Hike
Brian Lenihan is considering immediate increases in the controversial income levy as part of next month's emergency budget.
Following the discovery of a €2billion shortfall in the Government's balance for the year, a raft of measures are expected to be introduced to fill in the financial hole.
Excise duties are also expected to be raised, along with a €1 billion-plus cut in capital spending.
Cutbacks in social welfare and the health services are also being considered.
the income levy was introduced in October to much public outcry, and the current charge is expected to be raised further for the remainder of 2009, instead of increasing the normal rates of tax.
At present the charges amount to a 1% charge on income up to €100,100 per year, 2% on income between €100,101 and €250,120 per year, and 3% on income more than €250,120 per year.
Although no final decision has been taken, the government is expected to favour increasing the levy rates, with high earners being the worst affected.
Government Coallition members, the Green Party, have already announced they are seeking the introduction of a "super tax" on incomes over €100,000 in the ongoing emergency budget negotiations.
According to reports, the super tax, or third PAYE rate, could be as high as 48%, but no definitive figure has been set by the Green Party as it heads into three weeks of intense budget negotiations with its coalition partners, Fianna Fáil.
(DW/BMcC)
Following the discovery of a €2billion shortfall in the Government's balance for the year, a raft of measures are expected to be introduced to fill in the financial hole.
Excise duties are also expected to be raised, along with a €1 billion-plus cut in capital spending.
Cutbacks in social welfare and the health services are also being considered.
the income levy was introduced in October to much public outcry, and the current charge is expected to be raised further for the remainder of 2009, instead of increasing the normal rates of tax.
At present the charges amount to a 1% charge on income up to €100,100 per year, 2% on income between €100,101 and €250,120 per year, and 3% on income more than €250,120 per year.
Although no final decision has been taken, the government is expected to favour increasing the levy rates, with high earners being the worst affected.
Government Coallition members, the Green Party, have already announced they are seeking the introduction of a "super tax" on incomes over €100,000 in the ongoing emergency budget negotiations.
According to reports, the super tax, or third PAYE rate, could be as high as 48%, but no definitive figure has been set by the Green Party as it heads into three weeks of intense budget negotiations with its coalition partners, Fianna Fáil.
(DW/BMcC)
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16 April 2009
Taxing Times In Dáil
As opposition parties united in their objections to the decision to backdate the new income levy rates, the Department of Finance is expected to issue 'clarification' on the issue of newly introduced income levy rates.
Taxing Times In Dáil
As opposition parties united in their objections to the decision to backdate the new income levy rates, the Department of Finance is expected to issue 'clarification' on the issue of newly introduced income levy rates.
22 October 2008
Details Revealed Of Income Levy U-Turn
Following the almost universal outcry over the introduction of a 1% tax levy on all workers, the Government has announced its revised proposals. Now people earning up to the minimum wage of €17,540 per year will be exempt from the levy announced in the Budget, although anyone earning above this level will still be charged at the new tax rate.
Details Revealed Of Income Levy U-Turn
Following the almost universal outcry over the introduction of a 1% tax levy on all workers, the Government has announced its revised proposals. Now people earning up to the minimum wage of €17,540 per year will be exempt from the levy announced in the Budget, although anyone earning above this level will still be charged at the new tax rate.
14 May 2015
FG Hits Out At Plans To Increase Tax On High Income Earners
Plans to increase tax on high income earners has been slammed by Fine Gael. MEP from Dublin, Brian Hayes, said it does not make economic sense given Ireland's 'fair' and 'progressive' system of taxation. Mr Hayes said: "Our income taxation system is progressive and fair. The more you earn the more you pay.
FG Hits Out At Plans To Increase Tax On High Income Earners
Plans to increase tax on high income earners has been slammed by Fine Gael. MEP from Dublin, Brian Hayes, said it does not make economic sense given Ireland's 'fair' and 'progressive' system of taxation. Mr Hayes said: "Our income taxation system is progressive and fair. The more you earn the more you pay.
20 July 2016
One In Eight Children Living In Consistent Child Poverty - Report
The number of children living in child poverty has almost doubled during the recession, according to a new survey. The report from think-tank TASC showed that one in eight children are now living in consistent poverty.
One In Eight Children Living In Consistent Child Poverty - Report
The number of children living in child poverty has almost doubled during the recession, according to a new survey. The report from think-tank TASC showed that one in eight children are now living in consistent poverty.
08 April 2009
Levies To Be Permanent Says Lenihan
The Finance Minister Brian Lenihan has said on national radio that the doubled income levies are to be made permanent taxes. Speaking on RTÉ's Today programme this afternoon, Mr Lenigan said the 2%, 4%, and 6% levies on lower, middle and higher earners would be fully integrated into the PAYE system by next December's budget.
Levies To Be Permanent Says Lenihan
The Finance Minister Brian Lenihan has said on national radio that the doubled income levies are to be made permanent taxes. Speaking on RTÉ's Today programme this afternoon, Mr Lenigan said the 2%, 4%, and 6% levies on lower, middle and higher earners would be fully integrated into the PAYE system by next December's budget.
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