Search Results for 'Public finance'

The weather didn’t suit the Australian rugby players on Tuesday evening but thankfully Munster gave us something to cheer about while the prospective loss of our economic sovereignty was hovering at the back of our minds. The long and the short is that we have made a complete mess of being a sovereign nation and while we can blame the politicians, the bankers, the Church, basically all the people we used to put faith in, the sad reality is that we all share the responsibility. We are the ones who elect politicians and we are the ones who lobby them to put parish pump politics ahead of the good of the country, naively believing that the satisfaction of our own greed will bring us security. Personal greed, and perhaps a neurotic fear of poverty, has brought us to the brink of bankruptcy. It has also prevented us developing a robust social conscience when it comes to paying taxes to ensure quality public services.

Sports and community groups are slow to become approved and use tax relief for donations to stretch funding.

The country is insolvent with a deficit of €20bn and national debt of in excess of €300bn. We must find massive savings in current spending leading to a reduction in the deficit and thus a reduction in borrowing. Increasing taxes will have some albeit a limited benefit as they generate diminishing return in line with the increases levied. So we must close the gap elsewhere.

Subsidies for and trade agreements with the Third World will be examined and discussed at a public meeting in the Galway One World Centre in the Bridge Mills on Tuesday at 7pm.

If Galway bars, restaurants, and hotels are to survive the recession then commercial rates and water charges must be reduced and all other local authority charges frozen.

Q I own a company which owns a rented retail unit worth approx €500,000. I want to give this property to my son but I don’t want him to have to pay cash into the company for it. What are the tax implications of this?

Members of the Westport electoral area committee were this week informed that there was not enough funding to meet this year’s Housing Aid for Older People Scheme due to inadequate funding received from the Government.

Those on modest incomes have found that they are being roasted on a financial spit, according to Councillor Marie Fitzpatrick.

Q I own a company which owns a rented retail unit worth approx €500,000. I want to give this property to my son but I don’t want him to have to pay cash into the company for it. What are the tax implications of this?

So have you calculated yet how much worse off you are going to be as a result of Budget 2009? Nobody, least of all the most vulnerable in society, has been spared by Brian Lenihan’s first attempt. Lenihan’s levy will affect us all, but the most vulnerable, the lowest income earners in Ireland, will be hit hard.