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Fine Gael TD for Galway West, Brian Walsh, has said that the Government must use next week’s Budget to continue to reduce the amount of taxes paid by workers.
Galway city councillors have voted to retain the local property tax at its current rate for the coming year.
The Finance Act 2012 permits a local authority to vary the basic rate of the local property tax for its administrative area by a percentage known as the local adjustment factor. The elected members of the Galway City Council will meet in September 2015 to consider the matter.
Hundreds of Galway homes cannot be sold because they are caught in a legal limbo arising from management companies going defunct and local authorities refusing to take over the estates.
Insider has been thinking lately about what are the limits to democratic expression, are there certain lines that just should not be crossed, and if so what are they?
There are less than two months to get your tax back for the year 2010 and tax experts at www.taxback.com are advising people that they may be letting go their claim to hundreds of euro in tax refunds for a year that saw some of the bigger tax reliefs still in place. Taxback.com’s average PAYE worker tax refund is €840 and the experts contend that while the tax credit for water charges paid won’t be available until 2016, there is still a long list of tax reliefs available to people that could result in savings of hundreds of euro - but many of these go unclaimed every year either due to a lack of awareness or apathy on the part of the taxpayer.
Sighs of relief could be heard emanating from living rooms, offices and pubs across the country last Wednesday evening as finally after six years of unrelenting misery on Budget days there was some form of relief for hard-pressed citizens. Having endured such negativity in recent years most people would have settled for ‘not being any worse off’ after this Budget but in the end most people probably ended up modestly better off.
Following Ireland’s exit from the EU/IMF recovery programme and in the context of projected GDP growth of 4.7 per cent for 2014 and 3.9 per cent for 2015, Ministers Noonan and Howlin announced their budgetary measures for 2015 which have been set out below. More detail will be included in the Finance Bill to be published later this month.
These are the main provisions that will affect you.
The only meaningful economic relief that can be given to squeezed lower and middle income earners is to cut the “very unfair tax” Universal Social Charge.