A new “household charge” is planned to be introduced in Ireland from January 2012 – it was announced by Environment Minister Phil Hogan yesterday. This Household Charge is an interim measure until a fully working Property Tax system is put in place. The property tax can’t be fully implemented until the government have put in […]
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Four Year Plan
Irish Bailout Loan Repayments
The exact length of the loans outlined in the bailout package yesterday are not known – but a figure of around 7 years was mentioned. The average interest rate mentioned is 5.8% – We have done some number crunching – to see what the monthly repayments would be on a repayment mortgage of 67.5 billion […]
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Irish Bailout Details
Brian Cowen has just announced that the European Union has approved an €85 billion rescue package over 7 years for Ireland- which, if drawn down in its entirety today, would attract an average interest rate of 5.83%. That equates to €18,888 per person in Ireland. €5 billion will come from the Irish government’s cash holdings […]
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Carbon Tax to Double by 2014
In the Four Year Recovery Plan released today – there is mention of a 100% increase in the Carbon Tax in Ireland by 2014. Carbon Tax was introduced in May 2010 and it put about €43 on 1000l of heating oil and about €75 a year on average gas bills in Ireland . The […]
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Four Year National Recovery Plan Details
The anticipated 4 year National Recovery Plan from the Irish government was released today. Some of the key points include …. (This post wil be updated as details arise) The minimum wage is being cut by 1 euro per hour, to €7.75 / hour. (A 12% Cut) Corporation tax remains at a rate of 12.5% […]
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