The bittersweet fat of the land
Introducing a property tax to raise funds for the exchequer would be fraught with problems for the government
‘In 2010, we will seek up to an additional €1.75 billion from taxation. In 2011, the target will be to raise up to an additional €1.5 billion,” said Minister for Finance Brian Lenihan last Tuesday.
‘‘Options to raise this may include the taxation of child benefit, the introduction of a carbon tax, a form of property tax and significant further base broadening.”
The notion behind a property tax is simple - levy...
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