As announced as part of the Four Year National Recovery Plan – the national minimum wage is going to be cut from €8.65 an hour to €7.65 an hour. This is a 12% drop. The new rates come into effect on February 1st 2011 One of the reasons given for this cut is to help […]
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National Recovery Plan
Labour Party Budget Proposals
The Irish Labour Party released details of their proposals for Budget 2011. The main points we picked out are as follows : A new tax band of 48% on joint incomes over €200,000 (single incomes over €100,000),and a reduction in the personal credit of €250. Abolish Air Travel Tax Increase in the rate of carbon […]
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Budget 2011 – Fine Gael Alternative
With Budget 2011 due in 4 days time – Fine Gael today released their ideas for the Budget and the 4 Year Plan. Some of the main points are : No income tax increases in 2011 before recovery takes hold, and limiting income tax increases to half the levels proposed by Fianna Fáil over the […]
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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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