Menu
26/03/2009
Taxing Time Ahead?
There is no suggestion that this week's resumption of talks with trade unions and other 'social partners' means a softening of resolve in making tough decisions over tax.
Taoiseach Brian Cowen said today that the resumption of talks with the social partners should not be seen as an indication that the Government is considering toning down changes to taxation in April's supplementary budget.
Mr Cowen was speaking after attending a business seminar in Dublin this morning.
He said that the taxation system currently in place is one that is based on growth and that changes would have to be made to reflect the current situation.
"Obviously the budgetary situation that faces the country today in terms of the loss of tax revenues... will mean we will have to devise a tax system for the future that is sustainable and provides for sustainable revenues for the country," he said.
"What I have been trying to convey in recent days is obviously the various scenarios being considered by the Government in this budgetary context.
"It obviously has to take into account the prospective economic impact, we have an economy that is contracting considerably this year," he added.
The Taoiseach said that any changes would be informed by the recommendations of the Commission on Taxation and "will involve obviously a broadening of the tax base."
See: Strike 'Deferred' - For Now
(BMcC)
Taoiseach Brian Cowen said today that the resumption of talks with the social partners should not be seen as an indication that the Government is considering toning down changes to taxation in April's supplementary budget.
Mr Cowen was speaking after attending a business seminar in Dublin this morning.
He said that the taxation system currently in place is one that is based on growth and that changes would have to be made to reflect the current situation.
"Obviously the budgetary situation that faces the country today in terms of the loss of tax revenues... will mean we will have to devise a tax system for the future that is sustainable and provides for sustainable revenues for the country," he said.
"What I have been trying to convey in recent days is obviously the various scenarios being considered by the Government in this budgetary context.
"It obviously has to take into account the prospective economic impact, we have an economy that is contracting considerably this year," he added.
The Taoiseach said that any changes would be informed by the recommendations of the Commission on Taxation and "will involve obviously a broadening of the tax base."
See: Strike 'Deferred' - For Now
(BMcC)
Related Irish News Stories
Click here for the latest headlines.
30 January 2009
Taxing Time For Government
Confidence in the Government is falling, according to fresh research just revealed today. The poll - carried out by Lansdowne Market Research among 1,000 people nationwide - indicated that public confidence in the Government's handling of the economy is falling.
Taxing Time For Government
Confidence in the Government is falling, according to fresh research just revealed today. The poll - carried out by Lansdowne Market Research among 1,000 people nationwide - indicated that public confidence in the Government's handling of the economy is falling.
04 February 2010
Taxing Day For High Earners
The state's high earners will be dipping deeper into their pockets today as the Finance Bill put forward in December's budget is officially published today. Publishing the bill this afternoon will give legal effect to measures announced in the Budget, including abolishing a number of tax reliefs and raising the effective tax rate for high earners.
Taxing Day For High Earners
The state's high earners will be dipping deeper into their pockets today as the Finance Bill put forward in December's budget is officially published today. Publishing the bill this afternoon will give legal effect to measures announced in the Budget, including abolishing a number of tax reliefs and raising the effective tax rate for high earners.
16 May 2011
Taoiseach Discusses Queen's Visit To Ireland
The Taoiseach Enda Kenny has spoken to BBC and Sky News in advance of Queen Elizabeth’s arrival in Ireland. The Taoiseach discussed the significance of the Queen’s visit, relations between Ireland and Britain, as well as the EU/IMF bailout deal, and the restructuring of the banks.
Taoiseach Discusses Queen's Visit To Ireland
The Taoiseach Enda Kenny has spoken to BBC and Sky News in advance of Queen Elizabeth’s arrival in Ireland. The Taoiseach discussed the significance of the Queen’s visit, relations between Ireland and Britain, as well as the EU/IMF bailout deal, and the restructuring of the banks.
26 September 2011
Taxing Time For Irish Transatlantic Flights
The British Chancellor George Osborne has hinted that a deal on abolishing Air Passenger Duty that would exempt the North's only transatlantic route could be announced this week.
Taxing Time For Irish Transatlantic Flights
The British Chancellor George Osborne has hinted that a deal on abolishing Air Passenger Duty that would exempt the North's only transatlantic route could be announced this week.
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.
-
Ireland WeatherThis Evening and Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
