Budget 2015 made some changes aimed at easing the tax burden for low and middle income earners, but provided little relief for higher earners. It closed the controversial "Double Irish" tax scheme and introduced a water charges tax relief. However, the increased USC rate for high earning sole traders may discourage entrepreneurship. While foreign investment incentives were extended, the still high marginal tax rate makes Ireland less competitive for attracting internationally mobile businesses and executives.
This proposal was a winning entry in The Irish Taxation Institute's annual 'Fantasy Budget' competition in 2015. The budget overview and original measure was submitted as a group project.
This document is a budget submission from Young Fine Gael proposing policies for the 2015 Irish budget. It makes recommendations in key areas like housing, healthcare, education, taxation, and the banking sector. Specifically, it calls for temporarily abolishing VAT on new home sales, freezing prescription charges for medical card holders, allocating more funding to mental health services, protecting students by freezing third level contribution charges, reducing income tax rates, introducing a recycling levy, and removing 1-cent and 2-cent coins from circulation. The submission aims to provide hope for young people by stimulating investment and economic opportunity.
This document provides summaries of recent tax law changes and issues affecting internationally mobile employees in several countries. It discusses increased social security exemptions for foreign executives in Belgium, new detailed reporting requirements for foreign employment income in Germany, employment incentives and tax issues in Ireland, and advantageous tax incentives for returning Italian and EU nationals working in Italy. It also provides an overview of personal tax residence qualifications and benefits of taking up residence in Malta.
The newsletter summarizes key points from Budget 2012 that could affect businesses and individuals. For businesses, measures include reducing the main corporation tax rate, simplifying accounting for small businesses, and increasing flexibility for enterprise investment schemes. HMRC also launched 30 new taskforces targeting various industries like textiles and motor trades. For individuals, the personal allowance will increase in 2013 and the 50% income tax rate will decrease, though some controversial changes were made to age-related allowances.
The budget document summarizes the UK government's 2014 budget proposals. Some key points include:
- The personal income tax allowance will increase to £10,000 and £10,500 for 2014/15 and 2015/16 respectively.
- Individual Savings Accounts (ISAs) will be merged and simplified into New ISAs from July 2014, with an increased annual investment limit of £15,000.
- Radical changes will be made to the pensions regime, removing restrictions on access to pension pots and no longer requiring annuity purchases.
- The Annual Investment Allowance will be doubled to £500,000 until December 2015 to encourage business investment.
The document is a fiscal plan from Fine Gael, an Irish political party. It outlines their proposals to cut the budget deficit through lower taxes and spending reductions. Some key points include:
- Cutting the deficit to below 3% of GDP by 2014 and only borrowing for investment by 2016.
- Renegotiating aspects of Ireland's IMF/EU bailout deal to make it more sustainable.
- Investing €7 billion in infrastructure through a state-owned investment fund to support growth and jobs.
- Focusing budget cuts more on spending reductions than tax increases to minimize economic impact.
- Implementing reforms to improve competitiveness and support job creation.
Tim O'Rahilly from PwC gave a presentation to the Dublin Chamber of Commerce on 30 November 2011 about the current Irish tax environment, Budget 2012, and trends in tax-efficient structuring. He discussed how the tax system has changed significantly in recent years due to the public finances crisis, with new taxes introduced and reliefs restricted. Budget 2012 is expected to raise additional tax revenue through further income tax increases, an annual property tax, and a possible increase to the VAT and capital gains tax rates. Common tax planning trends involve using personal service companies, employee growth shares, and restructuring property and debt holdings into companies.
This proposal was a winning entry in The Irish Taxation Institute's annual 'Fantasy Budget' competition in 2015. The budget overview and original measure was submitted as a group project.
This document is a budget submission from Young Fine Gael proposing policies for the 2015 Irish budget. It makes recommendations in key areas like housing, healthcare, education, taxation, and the banking sector. Specifically, it calls for temporarily abolishing VAT on new home sales, freezing prescription charges for medical card holders, allocating more funding to mental health services, protecting students by freezing third level contribution charges, reducing income tax rates, introducing a recycling levy, and removing 1-cent and 2-cent coins from circulation. The submission aims to provide hope for young people by stimulating investment and economic opportunity.
This document provides summaries of recent tax law changes and issues affecting internationally mobile employees in several countries. It discusses increased social security exemptions for foreign executives in Belgium, new detailed reporting requirements for foreign employment income in Germany, employment incentives and tax issues in Ireland, and advantageous tax incentives for returning Italian and EU nationals working in Italy. It also provides an overview of personal tax residence qualifications and benefits of taking up residence in Malta.
The newsletter summarizes key points from Budget 2012 that could affect businesses and individuals. For businesses, measures include reducing the main corporation tax rate, simplifying accounting for small businesses, and increasing flexibility for enterprise investment schemes. HMRC also launched 30 new taskforces targeting various industries like textiles and motor trades. For individuals, the personal allowance will increase in 2013 and the 50% income tax rate will decrease, though some controversial changes were made to age-related allowances.
The budget document summarizes the UK government's 2014 budget proposals. Some key points include:
- The personal income tax allowance will increase to £10,000 and £10,500 for 2014/15 and 2015/16 respectively.
- Individual Savings Accounts (ISAs) will be merged and simplified into New ISAs from July 2014, with an increased annual investment limit of £15,000.
- Radical changes will be made to the pensions regime, removing restrictions on access to pension pots and no longer requiring annuity purchases.
- The Annual Investment Allowance will be doubled to £500,000 until December 2015 to encourage business investment.
The document is a fiscal plan from Fine Gael, an Irish political party. It outlines their proposals to cut the budget deficit through lower taxes and spending reductions. Some key points include:
- Cutting the deficit to below 3% of GDP by 2014 and only borrowing for investment by 2016.
- Renegotiating aspects of Ireland's IMF/EU bailout deal to make it more sustainable.
- Investing €7 billion in infrastructure through a state-owned investment fund to support growth and jobs.
- Focusing budget cuts more on spending reductions than tax increases to minimize economic impact.
- Implementing reforms to improve competitiveness and support job creation.
Tim O'Rahilly from PwC gave a presentation to the Dublin Chamber of Commerce on 30 November 2011 about the current Irish tax environment, Budget 2012, and trends in tax-efficient structuring. He discussed how the tax system has changed significantly in recent years due to the public finances crisis, with new taxes introduced and reliefs restricted. Budget 2012 is expected to raise additional tax revenue through further income tax increases, an annual property tax, and a possible increase to the VAT and capital gains tax rates. Common tax planning trends involve using personal service companies, employee growth shares, and restructuring property and debt holdings into companies.
HM Revenue & Customs :Annual Report and Accounts 2012-13 - (For the year ended 31 March 2013)
Accounts presented to the House of Commons pursuant to Section 6(4) of the Government Resources and Accounts Act 2000 and Section 2 of the Exchequer and Audit Departments Act 1921 Annual Report presented to the House of Commons by Command of Her Majesty Ordered by the House of Commons to be printed on 2 July 2013
This document summarizes the key tax proposals from the UK's 2015 budget. Some of the main points included increased personal tax allowances, the introduction of a personal savings allowance, changes to ISAs and pensions, and potential reforms to business property taxes. The budget aims to support growth and job creation through tax cuts and incentives for savings and home buying.
George Osborne presented his third Budget on March 21st, 2012, reaffirming the need for stability in the UK economy. Some key points included an increase to the personal tax allowance, a reduction in the additional income tax rate from 50% to 45% starting in 2013, and details on how Child Benefit will be taxed for households earning over £50,000. The Budget also proposed further cuts to corporation tax rates and measures to encourage business investment through initiatives like the Enterprise Investment Scheme and new Seed Enterprise Investment Scheme.
This document summarizes the key tax proposals from the UK Budget 2015. Some of the main points included:
1) The personal tax allowance will increase to £10,600 for 2015/16 and plans were announced to further increase it in future years.
2) A new Personal Savings Allowance was announced to apply from April 2016 to allow basic and higher rate taxpayers an annual tax-free allowance on savings income.
3) Changes were proposed to pensions, including a reduction to the lifetime pension allowance from 2016/17 and extending flexibilities introduced in 2015 to those with annuities.
This document summarizes the key tax changes in Ireland's 2017 budget. Some of the main points include:
- Personal tax rates and bands remain unchanged, but USC bands were adjusted downwards by 0.5% resulting in tax cuts for low and middle income earners.
- Tax credits for home carers and the self-employed were increased. Reliefs for foreign workers were extended.
- Reliefs for landlords, homeowners, farmers and businesses were also extended including help for the agri-food sector.
- Corporate tax rates remain at 12.5% and the knowledge development box relief was expanded for small companies.
EY 2020 Budget Review for Guyana South AmericaSteven Jasmin
The document summarizes key aspects of the Guyana Budget 2020, including:
1) Total government revenue and expenditure projections of $226.5 billion and $329.5 billion respectively. Major areas of spending include education, health, security and infrastructure.
2) Macroeconomic indicators such as GDP growth projections, inflation rates, and increase in foreign direct investment.
3) Fiscal measures proposed in the budget such as tax exemptions for private education and healthcare, cash grants for households and pensioners, and VAT removals.
4) Investment promotion initiatives focusing on manufacturing, agro-processing, agriculture, hotels and housing.
5) Additional recommendations to address issues like VAT refund delays and the minimum tax
The Chancellor announced tax cuts and increased departmental spending in his Autumn Budget. Key measures included raising the personal tax allowance to £12,500 and higher-rate threshold to £50,000 in April 2019, increasing funding for the NHS, schools and social care, and boosting the annual investment allowance for businesses to £1 million for two years. The Chancellor also set aside over £4 billion for Brexit preparations and warned that next year's Spring Statement could become a full fiscal event if Brexit negotiations adversely impact the financial forecast.
What does the Summer 2015 Budget mean for you? Rajani and Co
On Wednesday 8th July 2015, George Osborne delivered the first conservative budget in 19 years. In his Summer Budget speech the chancellor declared it as a “Big Budget for a country with Big Ambitions”.
As business owners and entrepreneurs, today’s announcements will impact on you and your business, key topics include:
• A new National Living Wage.
• Increases to the Personal Allowance and higher earners tax thresholds.
• Reduction in Corporation Tax.
• Changes to dividend tax.
www.rajaniandco.com
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Reduction in the lifetime pension allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Cut to the pension lifetime allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Investors will be able to withdraw and replace money from cash ISAs in the same tax year without affecting annual limits.
3) The pension lifetime allowance will be cut to £1 million from April 2016 and transitional protection rules will apply.
The 2011 UK budget report included the following key points:
1) The main rate of corporation tax was cut to 26% and will be reduced to 23% by 2014. Personal income tax allowances were projected to increase to £8,105 by 2012/13.
2) Enterprise investment schemes and venture capital trusts received reforms, including an increase in the tax relief rate for EIS investments to 30%.
3) Non-domiciled individuals facing an increased annual charge of £50,000 if resident for 12+ years and wishing to use the remittance basis.
4) Various measures supported charities, including simplification of gift aid. The entrepreneurs' relief lifetime limit increased to
A lot has happened to Cyprus over the past 12 to 18 months as the country found itself caught up in the conflagration of the Eurozone debt and banking crisis. As a result, some taxes have been raised on both individuals and companies, but, on the whole, Cyprus remains an attractive jurisdiction for holding companies.
The document summarizes key points from the UK Chancellor's 2015 budget, including increases to personal tax allowances over the next few years, changes to income tax bands, increases to ISA and pension contribution limits, and new incentives for savings and first-time home buyers. It also outlines reductions to corporation tax rates, increases to the annual investment allowance, and proposals to replace tax returns with online tax accounts pre-populated with employment and pension income data.
This document summarizes several topics from a newsletter:
1) It introduces Investors' Relief, which provides a 10% capital gains tax rate for investments in unlisted trading companies held for at least 3 years, similar to Entrepreneurs' Relief. Investors' Relief may benefit non-working investors and companies seeking capital as an alternative to EIS/SEIS.
2) It outlines the key eligibility criteria for Investors' Relief, including requirements for the shares, holding period, and that the shares must be newly issued.
3) It notes that while Investors' Relief and Entrepreneurs' Relief are similar, Investors' Relief is designed for non-working investors rather than shareholders
George Osborne presented his second Budget of 2015 against an unexpected political backdrop of a Conservative majority government. The economic outlook was little changed from March, with growth forecast at 2.4% for the year and government borrowing projected to be nearly £70bn for 2015/16. Key measures in the Budget included cuts to working age welfare benefits partly offset by a new National Living Wage, increases to the personal allowance, an overhaul of dividend taxation, and restrictions on pension contributions and tax relief for buy-to-let landlords.
The budget aims to continue austerity measures with borrowing expected to be £1 billion below previous forecasts. Personal tax allowances will increase in 2012/13 and 2013/14 but higher rate taxpayers will receive less benefit. Child benefit will be lost if income is over £50,000 and fully lost over £60,000. Tax credits will be reduced and lost at lower income thresholds. Pension annual allowance and lifetime allowance will be reduced. Corporation tax will decrease to 22% by 2014. Several tax reliefs and exemptions will be abolished to simplify the tax system.
The document does not contain any substantive content to summarize. It appears to be a blank document with no text, only formatting characters. In 3 sentences or less, there is no meaningful information that can be extracted from the given document to summarize.
aTube Catcher es un gestor de descargas para Windows que permite a los usuarios descargar videos de YouTube, Dailymotion, MySpace Videos y Google Videos a su computadora o convertirlos a otros formatos como AVI, WMV y formatos compatibles con iPod, PSP y VCD/SVCD. El programa detecta la calidad de los videos y permite al usuario seleccionar la calidad preferida de descarga, incluso en alta definición. El instalador de aTube Catcher ocupa 15.7 MB de espacio una vez descomprimido.
El documento conmemora a la guerrilla antifranquista en España el 1 de octubre de 2006 en Santa Cruz de Moya, Cuenca. Menciona subir, palabras, recuerdos, guerrilleros, amigos y esperanza, así como grupos, banderas y la sombra de la tercera república española.
HM Revenue & Customs :Annual Report and Accounts 2012-13 - (For the year ended 31 March 2013)
Accounts presented to the House of Commons pursuant to Section 6(4) of the Government Resources and Accounts Act 2000 and Section 2 of the Exchequer and Audit Departments Act 1921 Annual Report presented to the House of Commons by Command of Her Majesty Ordered by the House of Commons to be printed on 2 July 2013
This document summarizes the key tax proposals from the UK's 2015 budget. Some of the main points included increased personal tax allowances, the introduction of a personal savings allowance, changes to ISAs and pensions, and potential reforms to business property taxes. The budget aims to support growth and job creation through tax cuts and incentives for savings and home buying.
George Osborne presented his third Budget on March 21st, 2012, reaffirming the need for stability in the UK economy. Some key points included an increase to the personal tax allowance, a reduction in the additional income tax rate from 50% to 45% starting in 2013, and details on how Child Benefit will be taxed for households earning over £50,000. The Budget also proposed further cuts to corporation tax rates and measures to encourage business investment through initiatives like the Enterprise Investment Scheme and new Seed Enterprise Investment Scheme.
This document summarizes the key tax proposals from the UK Budget 2015. Some of the main points included:
1) The personal tax allowance will increase to £10,600 for 2015/16 and plans were announced to further increase it in future years.
2) A new Personal Savings Allowance was announced to apply from April 2016 to allow basic and higher rate taxpayers an annual tax-free allowance on savings income.
3) Changes were proposed to pensions, including a reduction to the lifetime pension allowance from 2016/17 and extending flexibilities introduced in 2015 to those with annuities.
This document summarizes the key tax changes in Ireland's 2017 budget. Some of the main points include:
- Personal tax rates and bands remain unchanged, but USC bands were adjusted downwards by 0.5% resulting in tax cuts for low and middle income earners.
- Tax credits for home carers and the self-employed were increased. Reliefs for foreign workers were extended.
- Reliefs for landlords, homeowners, farmers and businesses were also extended including help for the agri-food sector.
- Corporate tax rates remain at 12.5% and the knowledge development box relief was expanded for small companies.
EY 2020 Budget Review for Guyana South AmericaSteven Jasmin
The document summarizes key aspects of the Guyana Budget 2020, including:
1) Total government revenue and expenditure projections of $226.5 billion and $329.5 billion respectively. Major areas of spending include education, health, security and infrastructure.
2) Macroeconomic indicators such as GDP growth projections, inflation rates, and increase in foreign direct investment.
3) Fiscal measures proposed in the budget such as tax exemptions for private education and healthcare, cash grants for households and pensioners, and VAT removals.
4) Investment promotion initiatives focusing on manufacturing, agro-processing, agriculture, hotels and housing.
5) Additional recommendations to address issues like VAT refund delays and the minimum tax
The Chancellor announced tax cuts and increased departmental spending in his Autumn Budget. Key measures included raising the personal tax allowance to £12,500 and higher-rate threshold to £50,000 in April 2019, increasing funding for the NHS, schools and social care, and boosting the annual investment allowance for businesses to £1 million for two years. The Chancellor also set aside over £4 billion for Brexit preparations and warned that next year's Spring Statement could become a full fiscal event if Brexit negotiations adversely impact the financial forecast.
What does the Summer 2015 Budget mean for you? Rajani and Co
On Wednesday 8th July 2015, George Osborne delivered the first conservative budget in 19 years. In his Summer Budget speech the chancellor declared it as a “Big Budget for a country with Big Ambitions”.
As business owners and entrepreneurs, today’s announcements will impact on you and your business, key topics include:
• A new National Living Wage.
• Increases to the Personal Allowance and higher earners tax thresholds.
• Reduction in Corporation Tax.
• Changes to dividend tax.
www.rajaniandco.com
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Reduction in the lifetime pension allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Increase to the personal allowance for income tax to £10,800 in 2016/17 and £11,000 in 2017/18.
3) Cut to the pension lifetime allowance to £1 million from April 2016 and above-inflation increases to income tax thresholds in 2016/17 and 2017/18.
The 2015 budget document outlines key points of the UK budget, including:
1) Introduction of a new Help to Buy ISA that provides a £50 bonus for every £200 saved up to £3,000 for a first home.
2) Investors will be able to withdraw and replace money from cash ISAs in the same tax year without affecting annual limits.
3) The pension lifetime allowance will be cut to £1 million from April 2016 and transitional protection rules will apply.
The 2011 UK budget report included the following key points:
1) The main rate of corporation tax was cut to 26% and will be reduced to 23% by 2014. Personal income tax allowances were projected to increase to £8,105 by 2012/13.
2) Enterprise investment schemes and venture capital trusts received reforms, including an increase in the tax relief rate for EIS investments to 30%.
3) Non-domiciled individuals facing an increased annual charge of £50,000 if resident for 12+ years and wishing to use the remittance basis.
4) Various measures supported charities, including simplification of gift aid. The entrepreneurs' relief lifetime limit increased to
A lot has happened to Cyprus over the past 12 to 18 months as the country found itself caught up in the conflagration of the Eurozone debt and banking crisis. As a result, some taxes have been raised on both individuals and companies, but, on the whole, Cyprus remains an attractive jurisdiction for holding companies.
The document summarizes key points from the UK Chancellor's 2015 budget, including increases to personal tax allowances over the next few years, changes to income tax bands, increases to ISA and pension contribution limits, and new incentives for savings and first-time home buyers. It also outlines reductions to corporation tax rates, increases to the annual investment allowance, and proposals to replace tax returns with online tax accounts pre-populated with employment and pension income data.
This document summarizes several topics from a newsletter:
1) It introduces Investors' Relief, which provides a 10% capital gains tax rate for investments in unlisted trading companies held for at least 3 years, similar to Entrepreneurs' Relief. Investors' Relief may benefit non-working investors and companies seeking capital as an alternative to EIS/SEIS.
2) It outlines the key eligibility criteria for Investors' Relief, including requirements for the shares, holding period, and that the shares must be newly issued.
3) It notes that while Investors' Relief and Entrepreneurs' Relief are similar, Investors' Relief is designed for non-working investors rather than shareholders
George Osborne presented his second Budget of 2015 against an unexpected political backdrop of a Conservative majority government. The economic outlook was little changed from March, with growth forecast at 2.4% for the year and government borrowing projected to be nearly £70bn for 2015/16. Key measures in the Budget included cuts to working age welfare benefits partly offset by a new National Living Wage, increases to the personal allowance, an overhaul of dividend taxation, and restrictions on pension contributions and tax relief for buy-to-let landlords.
The budget aims to continue austerity measures with borrowing expected to be £1 billion below previous forecasts. Personal tax allowances will increase in 2012/13 and 2013/14 but higher rate taxpayers will receive less benefit. Child benefit will be lost if income is over £50,000 and fully lost over £60,000. Tax credits will be reduced and lost at lower income thresholds. Pension annual allowance and lifetime allowance will be reduced. Corporation tax will decrease to 22% by 2014. Several tax reliefs and exemptions will be abolished to simplify the tax system.
The document does not contain any substantive content to summarize. It appears to be a blank document with no text, only formatting characters. In 3 sentences or less, there is no meaningful information that can be extracted from the given document to summarize.
aTube Catcher es un gestor de descargas para Windows que permite a los usuarios descargar videos de YouTube, Dailymotion, MySpace Videos y Google Videos a su computadora o convertirlos a otros formatos como AVI, WMV y formatos compatibles con iPod, PSP y VCD/SVCD. El programa detecta la calidad de los videos y permite al usuario seleccionar la calidad preferida de descarga, incluso en alta definición. El instalador de aTube Catcher ocupa 15.7 MB de espacio una vez descomprimido.
El documento conmemora a la guerrilla antifranquista en España el 1 de octubre de 2006 en Santa Cruz de Moya, Cuenca. Menciona subir, palabras, recuerdos, guerrilleros, amigos y esperanza, así como grupos, banderas y la sombra de la tercera república española.
The document summarizes the Sylvan Union School District's 2005-2006 technology plan funded by the Enhancing Education Through Technology (EETT) federal grant. The plan focuses on using technology to improve student learning in social studies and science by correlating online resources to state standards. It outlines initial equipment purchases, staff training, deployment of an online portal, and the goal of spreading technology integration across other subjects and schools. It also discusses server, software, and hardware updates as well as usage statistics for email, spam filtering, and a video streaming resource.
This short document promotes creating Haiku Deck presentations on SlideShare and getting started making one. It encourages the reader to be inspired to make their own presentation using Haiku Deck on the SlideShare platform. A call to action is given to get started creating a Haiku Deck presentation.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
El documento contiene tres partes: la primera habla sobre la inevitabilidad de la muerte, la segunda es una carta supuestamente escrita por un niño fallecido dirigida a su madre, y la tercera repite la idea de que la muerte es el descanso eterno.
La persona expresa su gran admiración y afecto por alguien llamado "Malicon". Dice que esta persona se ha vuelto muy importante y que cada día la quiere y la adora más. Promete que siempre estarán juntos y que siempre estará para esa persona.
The document discusses the importance of using social media effectively for educational and professional purposes. It provides examples of how students can create meaningful online presences through blogging, social networking, live-tweeting events, and engaging audiences on multiple platforms to enhance their skills and reputations.
Este documento apresenta uma série de imagens da cidade de Coimbra em Portugal, incluindo vistas da Igreja de Santa Cruz, Sé Velha, Universidade de Coimbra, Baixa de Coimbra, Praça 8 de Maio, Conimbriga, Feira das Velharias, Ponte de Santa Clara sobre o Rio Mondego e vistas gerais da cidade de Coimbra.
Barry Kornstein's VITA summarizes his education and professional experience. He has a PhD in political science from the University of Minnesota and has worked in research roles at the Urban Studies Institute at the University of Louisville since 1993. He has authored and co-authored over 50 economic impact studies and reports for organizations in Kentucky.
Vaquita Presentation - Dr. Lorenzo Rojas BrachoCheryl Butner
The document summarizes the history of research on the vaquita porpoise and conservation efforts to protect the species. It describes key researchers who first discovered and studied the vaquita, including Ken Norris who described it as a new species in 1958. Subsequent studies by Brownell et al. in the 1980s provided the first photos and descriptions of the vaquita's appearance. Population surveys estimated only 567 individuals in 1997, with bycatch in gillnets identified as the primary threat. CIRVA was formed to create a recovery plan, recommending the creation of a vaquita refuge where gillnet fishing was banned in stages from 2005-2002.
Melissa Baer has over 10 years of experience as a clinical research coordinator and research assistant. She currently works at Rush University Medical Center coordinating pediatric drug trials and managing expressive language studies. Her responsibilities include ensuring protocols are followed, submitting documents to the IRB, tracking participants, and supervising staff. Previously she worked in operations management at convenience stores, leasing director for apartments, and sales manager for hotels where she met sales and budget goals. She has a Master's degree in Research Administration and certifications in phlebotomy and GCP training.
Nous avons visité une déchetterie. Nous retraçons pour vous le parcours des déchets, depuis le prélèvement des poubelles chez les particulier, jusqu'à leur valorisation.
This document outlines Fine Gael's plan to rebuild the Irish economy and create jobs between 2011-2016. The plan aims to generate 100,000 new jobs over 5 years by prioritizing jobs and competitiveness. Key elements of the plan include protecting investment and making tax rates competitive; helping Irish businesses grow their markets through new programs; reforming welfare to link it to re-entry to work; reducing costs, red tape, and bad regulations; and establishing a new department focused on jobs and economic planning. The overarching goal is to restore confidence and growth in the Irish economy through these various initiatives.
The government has announced a temporary NIC increase of 1.25% for employees, employers, and the self-employed from April 2022 until April 2023. Revenue raised from the levy will be funnelled into supporting the NHS and equivalent bodies across the UK.
IBB Wealth's Guide to the Mini-Budget 2022. IBB Law
IBB Wealth, part of IBB Law LLP, gives a comprehensive guide to the Mini-Budget Growth Plan 2022, following the Chancellor's announcement on Friday (23 Sept), hailed to be a ‘new era’ for the UK economy with the biggest package of tax cuts and reforms in generations.
For more information please contact :
Kellie Lewis, Client Relationship Manager, on 01895 544001 or kellie@ibbwealth.co.uk, or
Graeme Cowie, Director, on 01895 544001 or graeme@ibbwealth.co.uk.
Alternatively please visit www.ibbwealth.co.uk.
Rishi Sunak announced plans for the financial year 2022-2023 in his autumn budget statement on 27th October. He promised to deliver a stronger economy for everyone, but what does it mean for you? In this post, we present a quick-fire autumn budget summary, showing you precisely what’s changed, and how it is likely to affect you financially. Contrary to expectations, we did not see a raid on inheritance tax or any changes to capital gains, as recommended by various advisory bodies. Instead, it appears that ordinary working people will shoulder most of the tax burden associated with the COVID-19 pandemic over the following years.
Slides from the Nevin Economic Research Institute's post Budget seminar. Speakers Michelle Murphy (Social Justice Ireland), Cormac Staunton (TASC) and Michael Taft (UNITE)
Budget 2020 summary for workers and businessLaura Comben
#CountOnCardens
https://cardensaccountants.com/
Budget 2020 was packed with reliefs, funds and initiatives for business and workers but no ‘revolutions’ in the world of #VAT, Paye, income tax NI and corporation tax.
Contents:
Intro
Fiscal Projection
Protections for workers
Business measures
Private sector
Pay
Personal benefits
VAT
Research & Development
Drinks industry
Fuel
Summary
Impact of Small and Medium Enterprises (SME) post Covid situation - Phdassist...PhD Assistance
Small and medium businesses (SMEs) in the UK seemed to be doing well in 2020. Britain had a majority Government in the UK. We have witnessed some positive effects of the Brexit as business confidence started to move up. However, after Covid-19's growth, Economy started to collapse, production chains stalled or disrupted, and company revenues declined or in many cases entirely stopped.
PhD Assistance is an Academic The Best Dissertation Writing Service & Consulting Support Company established in 2001. specialiWeze in providing PhD Assignments, PhD Dissertation Writing Help , Statistical Analyses, and Programming Services to students in the USA, UK, Canada, UAE, Australia, New Zealand, Singapore and many more.
Website Visit:https://www.phdassistance.com/blog/
Contact Us:
UK NO: +44-1143520021
India No: +91-8754446690
Email: info@phdassistance.com
Impact of Small and Medium Enterprises (SME) post Covid situation - Phdassist...PhD Assistance
Small and medium Businesses (SMEs) in the UK seemed to be doing well in 2020. Britain had a majority Government in the UK. We have witnessed some positive effects of the Brexit as business confidence started to move up. However, after Covid-19's growth, Economy started to collapse, production chains stalled or disrupted, and company revenues declined or in many cases entirely stopped.
PhD Assistance is an Academic The Best Dissertation Writing Service & Consulting Support Company established in 2001. specialiWeze in providing PhD Assignments, PhD Dissertation Writing Help , Statistical Analyses, and Programming Services to students in the USA, UK, Canada, UAE, Australia, New Zealand, Singapore and many more.
Website Visit:https://www.phdassistance.com/blog/
Contact Us:
UK NO: +44-1143520021
India No: +91-8754446690
Email: info@phdassistance.com
The document provides insight for food and drink businesses on various topics including:
- The upcoming summer season and sponsorship opportunities at the Bath and West Show.
- Key impacts of the recent UK budget such as frozen alcohol duties, wine duty increases, corporation tax rate reductions, the national living wage, and changes to capital gains tax, dividend taxation, and pensions.
- Opportunities for food and drink businesses to claim Research and Development tax relief to lower tax bills.
- Speculation that the new sugar tax on soft drinks could lead to further food taxes being introduced in the future.
The document discusses the causes and effects of Ireland's economic crisis in 2008 as well as the measures taken by the government to address it. The crisis was precipitated by a housing bubble fueled by excessive bank lending. This led to a collapse in tax revenues and rising unemployment. In response, Ireland implemented an EU-IMF program that stabilized the banking sector through recapitalization, pursued fiscal adjustment through spending cuts and tax increases, and has seen a return to growth in recent years. Macroeconomic indicators show the impact of the crisis and subsequent recovery.
The document provides a summary of the 2013 UK budget proposals. It outlines plans to increase the personal tax allowance to £10,000 by 2014/15. It also details new tax-free childcare schemes providing relief on up to £6,000 per child per year. Additionally, it mentions reductions to the main rate of corporation tax to 20% from April 2015 and an increased annual investment allowance limit.
This document is Young Fine Gael's pre-budget submission for 2016. It proposes several measures to address issues affecting young people in Ireland such as unemployment, mental health, and third level accommodation. The key recommendations are to increase funding for mental health services, address the lack of student accommodation through incentives for student housing and tax relief for purpose-built accommodation, establish an independent budgetary office to cost opposition proposals, increase employment among graduates through mandatory work placements, standardize the minimum wage, remove certain business taxes, and introduce a recycling levy on bottles and cans. The submission aims to provide "a bright future for young Ireland."
Fiscal Policy (Austerity) in the UK Economytutor2u
This document discusses fiscal policy in the UK. It provides information on UK government spending, including that social welfare and healthcare are the largest items. It also shows data on government consumption, investment, spending and tax revenue as a percentage of GDP from 1980 to the present. The document discusses the UK's fiscal deficit reduction policies under the Conservative government, including spending cuts and tax increases. It outlines arguments for and against the government's austerity policies aimed at reducing the budget deficit. Finally, it defines some key terms related to fiscal policy economics.
On Friday 21 May 2021, the ESRI hosted the webinar 'Options for raising tax revenue in Ireland'
ESRI researchers, Theano Kakoulidou and Barra Roantree, presented key findings from the report of the same name. Research found that increases in taxes on income, consumption and property may be needed to fund future public spending.
Read the publication here: https://www.esri.ie/publications/options-for-raising-tax-revenue-in-ireland
The Ireland that works campaign maps out the key priorities for business in the next phase of the recovery and will form a central part of Ibec's activities to influence and shape the national debate.
With the Troika gone, Ireland has important decisions to make on how to build on the economic progress already made, tackle unemployment and drive growth across the economy. We need to get these right.
At Ibec we plan to lead the debate. We have identified five pressing issues on the national agenda that will have a major impact on Ireland’s success into the future:
1. We need to reduce the tax burden: Ireland is out of line internationally and our income tax rates, in particular, are too high. Irish consumers deserve a break.
2. We need better government: Poorly designed policy, legislation and regulation add to the cost of doing business and are an obstacle to growth and job creation.
3. We need to invest in the future: To meet our future economic needs, we need to spend much more on infrastructure projects and skills and education.
4. We need to extend Ireland’s global reach: International debates on tax and EU reform could have major implications for Ireland. We need to influence and shape the agenda.
5. We need to promote entrepreneurship: Business need to have access to effective enterprise supports, credit and export markets. Risk needs to be rewarded.
We hope the campaign priorities are relevant, challenging and resonant with your own ambitions for your business and for Ireland. Ibec will be rolling out more elements of the campaign over the coming weeks and months, and we'll keep you updated on our blog.
Download, share or embed this campaign brochure.
You can also join the conversation on twitter, #irelandworks @ibec_irl or on the Ibec Linkedin group.
The document is an economic survey of Australia from the OECD that discusses key findings and recommendations.
1) With the end of the mining boom, Australia must diversify its economy toward non-resource sectors for future growth.
2) Rebalancing taxes from income to consumption, addressing federal-state responsibilities, and reinforcing environmental programs are recommended.
Neri post budget reflections sinead pembroke 17 oct 18NevinInstitute
This document summarizes and critiques Ireland's 2019 budget. It finds that the budget does not do enough to increase social provision or taxation. It remains a low tax economy with low levels of social services publicly provided. Specific critiques include that the budget provides disproportionate benefits to high earners, does little to address housing shortages, relies too heavily on subsidizing private landlords for social housing, and does not go far enough on healthcare, childcare, welfare or raising the minimum wage to a living wage. The document argues future budgets need to increase taxation progressively and invest more in universal public services to address inequality and economic insecurity.
Ireland needs to improve its competitiveness in key areas to continue prospering after the recession. The key elements that must be addressed are: reducing the cost of doing business through lower taxes and costs, maintaining macroeconomic stability and increasing public investment, developing skills and enterprise, and improving access to finance. Specifically, Ireland must make labor costs more competitive by reviewing taxes and social welfare, lower high energy costs, increase the supply of affordable housing and commercial properties, broaden its tax base, maintain a low corporate tax rate, and increase targeted public infrastructure investment.
The document discusses key elements needed for Ireland to regain competitiveness, including reducing costs of doing business, maintaining macroeconomic stability and public investment, developing skills and the enterprise base, and improving access to finance. It analyzes specific areas within each element that need to be addressed, such as labor costs, energy costs, property costs, broadening the tax base, increasing public investment, developing skills training programs, supporting entrepreneurship, and improving access to bank and non-bank financing. Regaining competitiveness is vital for Ireland's economic growth and job creation.
Similar to The Irish Tax Institute Fantasy Budget Competition (20)
The Irish Tax Institute Fantasy Budget Competition
1. Fantasy Tax Competition Submission
UCD Group A4
November 2, 2014
Group Members: Student Numbers:
Nicole Basquel 12498122
Sinead Feely 12535707
Rachel Breslin 09579923
Lecturer: Dr Geraldine Doyle
Word Count: 2581 (excluding bibliography)
Contact details: (086) 325 2572, [studentnumber]@ucdconnect.ie
2. 2 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
Introduction
Budget 2015 was delivered on October 15th
amidst a renewed positive economic
outlook with strong indications of recovery. Falling unemployment to 2009 levels1
, the
IMF doubling of their growth prediction to 3.6%2
and Exchequer tax returns at 5.6%
higher than forecast3
created hope that Budget 2015 would offer long-awaited repreive
from austerity measures for Irish taxpayers.
This optimism was shared by the Government when Minister for Finance Michael
Noonan announced a budget focused on ”securing the recovery, building for the future
and broadening it to families across the country.” But do the budgetary measures
succeed in these aims? How will they impact Irish families, indigenous businesses and
foreign investment into Ireland?
This report examines three of the changes made in this years budget, including
changes to the income tax structure, removal of the “Double Irish” taxation practice and
introduction of a tax relief from the oft-criticised water charges. Following this analysis
we identified a missed opportunity from the Government in Budget 2015 – stimulating
economic and population growth outside of Dublin. To address this we have designed a
targeted development incentive combining tax incentives for corporations and
employees to encourage trade and utilise unoccupied housing.
Contents:
1. Analysis of Budget 2015:
1.1 Changes to the income tax rate structure
1.2 Removal of the “Double Irish”
1.3 Introduction of a water tax relief
2. Suggested Budget Measure
2.1 National commercial development incentive
3. Conclusion
4. Bibliography
3. 3 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
1. Analysis of Budget 2015
1.1. Changes to the Income Tax Rate Structures
Budget 2015 saw the Government seek to alleviate pressure on low and middle income
earners by restructuring the income and USC tax brackets. The top rate of income tax
was reduced by 1% to 40% and the level at which people begin paying the higher rate
increased by €1,000 to €33,800 for single people and €42,800 for married couples with
one earner4
.
There were also changes to the Universal Social Charge brackets. The new USC rates
are:
• Up to €12,013: no USC charge
• €12,013-€17,576 at 3.5%,
• €17,577-€70,044 at 7%,
• €70,045-€100,000 at 8%,
• PAYE income in excess of €100,000 at 8%, and,
• Self- Employed income in excess of €100,000 at 11%
These measures will have a small positive impact on families and individuals on low or
middle incomes. It will particularly benefit low paid part-time workers earning between
€10,000 and €12,013 who will now fall outside the USC tax net entirely. It is clear that
the government hopes that these increases in take-home pay will kick-start spending
and economic growth, particularly in the retail and services sector.
However, higher income earners will see relatively no change in their take home pay as
they will be expected to pay the USC at a new increased rate. Thus, when combined
with the effect of the introduction of water charges this year many families will see a
negligble impact on their financial position and may well be disappointed that budget
2015 offered no signiifcant repreive following years of austerity measures.
Budget 2015 brought particular disappointment for indigenous Irish businesses through
the increase in the top level of USC for sole traders earning over €100,0005
. This acts
as a disincentive for entrepreneurship despite the emphasis the Government has placed
on encouraging Irish business. The disincentive of higher taxes on sole traders is a
regressive move penalising taxayers who contributing to growth and creating jobs. Sole
traders are already paying higher taxes than horizontally-comparable peers whilst
receiving fewer social benefits and therefore these USC increase hitting this group is
unjustified and contrast with the Government’s enterprise strategy.
4. 4 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
Positively, there were some encouraging measures for indigenous Irish businesses. The
Foreign Earnings Deduction has been extended until the end of 2017 and has increased
the number of countries included, while also reducing the minimum number of days to
qualify. These changes are beneficial to companies hoping to expand abroad.
There were also income tax changes supporting the strategic goal of attracting foreign
direct investment through changes to the Special Assignee Relief Programme. The
programme has been extended to 2017 and the upper limit of €500,000 has been
removed. These changes will increase Ireland’s attractiveness to higher paid executives
from abroad and thus to the companies they lead. However, the other income tax
changes in Budget 2015 will do little to attract high-earning executives. While the higher
rate of income tax was reduced for people earning over €70,000 a year the marginal tax
rate remains at 52%. This is higher than many countries competing for the same pool of
foreign investment including the UK, US, France and Germany6
therefore acts as a
disincentive to internationally-mobile businesses considering expansion/relocation7
.
€293%
€146%
€196%
€288%
€576%
€727% €727% €727%
€0%
€100%
€200%
€300%
€400%
€500%
€600%
€700%
€800%
12,000% 15,000% 25,000% 35,000% 55,000% 75,000% 100,000% 150,000%
IncomeTaxSavingsPerAnnum
Gross Pay Per Annum
Estimated Budget 2015 Income Tax
Change Benefit
Source: Taxation Annex to Budget
2015 Summary Measures
5. 5 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
1.2. Removal of the “Double Irish” Taxation Scheme
Amidst strong and growing international scrutiny and pressure the Government closed
the “Double Irish” scheme in Budget 2015. This loophole allowed companies to pay little
or no corporation tax by taking advantage of Ireland’s rule that Irish registered
companies do not have to be tax resident. By funnelling royalty payments for intellectual
property from one Irish-registered subsidiary to another withe latter is usually tax
resident in a country with no or low corporate income taxes such as the Cayman Islands
companies could reduce their tax liability.
The technique has been widely used by large US multinationals with subsidiaries in
Ireland such as Abbott Laboratories, Apple, Google, General Electric and Starbucks.
However, with public criticism from high-profile U.S. Politicians8
, the EU Commission
and the OECD claiming the move gave Ireland an unethical advantage over countries
competing for investment, Ireland was coming under increasing pressure to remove the
loophole.
The removal of the Double Irish will see tax liabilities increase for the many multinational
companies who currently implement this technique. Multinationals are crucial to the Irish
economic strategy, employing over 146,000 people9
and a measure that would
negatively affect the choice of both current and would-be multinationals from residing,
operating and investing in Ireland would have a multi-billion euro economic impact.
But given a changing global tax landscape it appears the preemptive move is a prudent
and well-structured one that will have little negative impact. With such “double-tax”
arrangements receiving worldwide negative publicity and international legal scrutiny
Ireland may just be the first of a number of countries to eliminate the scheme. The EU
Commission may put even more pressure on other countries like the Netherlands to
close such a loophole having seen a successful outcome from such pressure in Ireland.
Furthermore, the phased nature of the removal i.e. for new entrant companies to Ireland
in 2015 and in 2020 for existing companies in Ireland offers certainty as companies
have time to plan their structural affairs in advance.
The announcement of the removal of the Double Irish was accompanied by the
announcement of a proposed new “knowledge box” scheme. Full details of the scheme
have not been finalised but it would offer tax incentives for companies to develop new
technology in Ireland, generating revenye and creating jobs.
6. 6 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
This new scheme, however, must be careful not to fall into the same reputational pitfalls
as the Double Irish or the changes would be redundant or worse reputationally for the
Irish state and have a negative impact on investment attractiveness. The New York
Times has already published a scathing editorial criticising the Government for
announcing the Knowledge Development Box while scrapping the Double Irish.10
The
newspaper claimed Ireland appeared "uninterested in true reform" under a headline,
'Ireland, Still Addicted to Tax Breaks'.
1.3. Introduction of a Water Charges Relief
With Budget 2015 being delivered as a General Election in 2016 looms and just three
days after 100,000 people marched through Dublin in protest against water charges it
was of little surprise that the Budget sought to reduce the impact of the charges.
Budget 2015 announed an income tax relief which will allow taxpayers who are in the
lower income tax rate of 20% to claim tax relief of 20% of their water charges, up to a
maximum of €100 a year. Irish Water has estimated that the average annual household
cost will be €248 and thus the relief equates to an average €48 annual saving. The
budget also announced a water support payment to households who are in receipt of
the Households Benefits Package or the Fuel Allowance. The total cost of the reliefs to
the government is estimated to be €40m per annum.
These reliefs however appear rushed and may fail to assist those intended. Indeed,
since the announcement of Budget 2015 there have been continued water protests and
the Tanaiste stated the Government’s intention to bring in further water tax reliefs.11
By
offering the relief as a tax credit the measure will fail to benefit many of the 280,000
people with incomes are below the income tax threshold, many of whom are not eligible
for the Households Benefit Package. Additionally, the Fuel Allowance is only available
to the long-term unemployed so the water support payment will not be accessible to the
190,000 short-term unemployed who do not qualify for the payment.
The ICTU have criticised the government for failing to address the problem associated
with lower income households and the affordability of the water charges. For a lower
income family to qualify for the full €100 relief, the remainder of their payable bill will be
€400 or more. This figure is daunting for low income users who are already financially
struggling.
7. 7 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
2. Suggested Budget Measure
2.1. National Commercial Development Incentive
We identified three linked issues in Ireland not addressed by Budget 2015:
1. Unemployment and lack of commercial enterprises outside of Dublin
2. Excess demand for housing in Dublin
3. Oversupply of housing outside of Dublin and the plethora of “ghost estates”
The Irish property landscape is currently a divided one. Undersupply in Dublin has sent
prices and rents soaring while in many areas of the country property sales remain static
with an oversupply resulting in over 100,00012
finished and unfinished homes forming
wasteful “ghost estates”.
Property prices in Dublin are rising at a rate up to 2.7% per month13
, pricing thousands
of families and individuals on lower incomes out of the market. It has created an urgent
need for social housing, an issue the government have tried to address in Budget 2015
by allocating €2.2bn towards building 10,000 such houses. But with over 20,000
applicants14
on the Dublin social housing waiting lists and as of September 2014 156
families being accommodated in hotels15
the scheme outlined in Budget 2015 is not
enough. The measure fails to tackle the root causes of the problem that a growing
number of economists, politicians and commentators are labelling as critical.
Contrastingly, in counties including Limerick, Donegal, Clare Leitrim and Mayo housing
prices are continuing to decrease and over 100,000 houses remain empty or unfinished
in Connaught, Munster and Ulster16
. The problem is not a scarcity of housing but a
24.9%
27.9% 29.2%
17.8%
5.5%
2.3% 2.4% /0.3% /0.5% /1.9% /2.7%
/5%
0%
5%
10%
15%
20%
25%
30%
35%
% Annual Property Price Change 2014
Source: Daft.ie House Report Q 2014
8. 8 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
scarcity of housing in areas where people want to set up home. We believe that this
want is fuelled by employment.
To address these issues we propose the charging of a reduced rate of corporation tax
of 12% for seven years to companies establishing in Ireland if they establish in zoned
rural areas. This will encourage large international companies to set up in these areas
and offer attractive employment and lifestyle opportunities to skilled workers outside of
Dublin.
The benefits of this proposal include:
• Reduce the insatiable demand for housing in the capital and thus the housing
prices bubble, making the market more accessible for individuals and families
and reduce demand for social housing.
• Increase demand for housing outside of Dublin lifting thousands from the trap of
negative equity as house prices rise in a sustainable manner.
• Stimulate the decimated construction sector in these areas to finish partially built
homes in ghost estates and build new homes where required.
• Reduce unemployment, particularly in these areas where unemployment is
above the national average and bring young, skilled workers and families back to
these areas which will regenerate rural Ireland, heaviest hit by unemployment
and emmigration during the economic crisis.
• Generate funds for the Exchequer through large and medium enterprises
establishing in Ireland and paying corporation tax, additional stamp duty,
consumption taxes in these areas and additional small and medium businesses
establishing to cater for a growing population providing the double benefit of
reduced unemployment and people joining the tax pool.
We recognise the importance of the certainty of the 12.5% tax rate to Ireland’s economy
and enterprise promotion efforts. However, we feel that the short and targeted nature of
this scheme merits a business-positive exception. Areas such as the south and west of
Ireland are on the periphery of the European Union and a transparent scheme to
address these economic problems benefits not just these areas but the Irish and
European Union economies as a whole.
9. 9 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
3. Conclusion
Budget 2015 succeeded in bringing some long-awaited growth measures and taxation
reliefs to Ireland’s taxpayers. The proactive step of removing the “Double Irish” and the
introduction of the “Knowledge Box” will have a positive impact on Ireland’s tax
reputation internationally and continue to see multinationals chose Ireland as a location
for investment. For individuals and families, the income taxation changes will mean
small increases in take home pay and some will qualify for additional tax relief to reduce
the impact of water charges. These measures are perhaps symbolically more important
than financially impactful to families as the end of cuts and austerity measures offers
much hope for future budgets and economic growth.
The limited impact Budget 2015 will have on households, individuals and businesses
underlines the Government’s message of a tentative economic recovery. This budget
could have done more to ensure that the reliefs introduced had a larger impact on
intended beneficiaries such as through a more comprehensive water tax relief proposal
and measures that encouraged rather than increased the tax burden for higher-earning
self-employed taxpayers and entrepreneurs.
Pressing social issues such as the undersupply of housing for young professionals and
families to buy or rent in Dublin, a stagnant property market outside of the Capital and a
geographically unevan recovery spurred by foreign investment were not addressed and
a proposed Budgetary measure to positively impact these three interlinked issues is
outlined in this report. It is hoped that the Government will act on these issues in the
near future to ensure that people of all generations and across all of Ireland will
experience much-awaited economic recovary.
For the first time since 2007 Budget 2015 brought no net cut to the Irish taxpayers.
Comparitavely, the cumulative spending increases of €1bn may seem like a jackpot. But
overall, this budget was cautiously positive, offering small benefits to taxpayers and a
strong reaffirmation of Ireland’s attractiveness for foreign investment.
10. 10 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
4. Bibliography
1. Central Statistics Office Live Register Statistical Release, October 1 2014. Available:
http://www.cso.ie/en/releasesandpublications/er/lr/liveregisterseptember2014/#.VFaliovk
fgI. Last Accessed Nov 02 2014.
2. Yukhananov, A.,Irish Independent, “IMF Doubles GDP Forecast but Cuts Global
2. Yukhananov, A.,Irish Independent, “IMF Doubles GDP Forecast but Cuts Global
Outlook”, October 08 2014. Available: http://www.independent.ie/business/irish/imf-
doubles-irish-gdp-forecast-but-cuts-global-outlook-30647089.html. Last Accessed Nov
02 2014.
3. Beesley, A., The Irish Times, “Exchequer Returns Signal Scope for Easier Budget
2015”, June 05 2014. Available: http://www.irishtimes.com/news/politics/exchequer-
returns-signal-scope-for-easier-2015-budget-1.1820916. Last accessed Nov 02 2014.
4. Kenny, C., The Irish Times, “Budget 2015: Main Points”, October 16 2014. Available:
http://www.irishtimes.com/business/economy/budget-2015-main-points-1.1962879. Last
accessed Nov 02 2014.
5. Kenny, C. as per footnote 4, above.
6. IBEC, “Debunking Irish Income Tax Myths”, published September 2014, Available:
http://www.ibec.ie/IBEC/Press/PressPublicationsdoclib3.nsf/vPages/Newsroom~new-
ibec-report-debunking-income-tax-myths-28-09-
2014/$file/Debunking+Irish+income+tax+myths.pdf. Last Accessed Nov 02 2014.
7. Mahon, P. (2014). “Are we There Yet? Budget 2015”, PwC. Available:
http://download.pwc.com/ie/pubs/2014-pwc-ireland-are-we-there-yet-budget-2015.pdf.
Last accessed Nov 02 2014.
8. O Connor, N. “Top US Politician Launches Assault on Irish Tax Laws”, June 08 2014.
Available: http://www.independent.ie/business/irish/top-us-politician-launches-assault-
on-irish-tax-laws-30337467.html. Last accessed Nov 02 2014.
9. Bohan, C., “Over 13,000 Multinational Jobs Created in Ireland Last Year”, Jan 05
2014. Available: http://businessetc.thejournal.ie/over-13000-multinational-jobs-created-
in-ireland-last-year-320498-Jan2012/. Last accessed Nov 02 2014.
11. 11 Group'A4'UCD''''''''''''''''''''''''''''''''''Irish'Tax'Institute'Fantasy'Budget'Competition'2015'
10. The New York Times, Editorial, “Ireland, Still Addicted to Tax Breaks”, Oct 19 2014.
Available: http://www.nytimes.com/2014/10/20/opinion/ireland-still-addicted-to-tax-
breaks.html?_r=0. Last accessed Nov 02 2014.
11. RTE News, “Tánaiste Says Government Is Examining 'Fair Price' For Water”,
October 31 2014. Available: http://www.rte.ie/news/2014/1031/655964-water/. Last
accessed Nov 02 2014.
12. Webb, N., The Irish Independent, “It’ll Take Us 43 Years to Fill All Empty Houses”,
June 10 2012. Available: http://www.independent.ie/business/irish/itll-take-us-43-years-
to-fill-all-empty-houses-26863864.html. Last accessed Nov 02 2014.
13. Gleeson, C., “Property Prices to Rise 15% Higer Than Last Year”, October 22 2014.
Available: http://www.irishtimes.com/news/ireland/irish-news/property-prices-rise-to-15-
per-cent-higher-than-last-year-1.1972669. Last accessed Nov 02 2014.
14. Kelly, O., The Irish Times, “Housing Measure will help Dublin's Crisis but not in the
Short Term.” October 16 2014. Available:
http://www.irishtimes.com/news/environment/housing-measure-will-help-dublin-s-crisis-
but-not-in-the-short-term-1.1964266. Last accessed Nov 02 2014.
15. Lyons, R. (2013), Daft.ie Q3 Sales Report 2013, “Supply Shortages, Not a New
Bubble, the Concern in Dublin”, Available: https://www.daft.ie/report/ronan-lyons-
2013q3-sale. Last accessed Nov 02 2014.
16. Lyons, R. (2014), Daft.ie Q4 Sales Report 2014, “Cacaphony of Voices Shouldn’t
Mask the Simple Steps to Fix Housing”. Available:
https://c1.dmstatic.com/607/report/Daft-House-Price-Report-Q3-2014.pdf. Last
Accessed Nov 02 2014.