Tag Archives: Irish Daily Mail

Screen Shot 2013-07-24 at 23.00.01Today’s Irish Daily Mail.

Betrayal?

Not so, says the Government news service:

“None of the funds collected though the Local Property tax have gone towards our bailout debt nor will it be handed to bank bondholders. Any statement to the contrary is inaccurate.

From the 1st of January 2014 the Minister for Finance will pay the Local Property Tax into the Local Government Fund and will be used to fund local services – this provision was including in the Local Property Tax Act first published on the 14th of December and debated in the Oireachtas in December 2012.

The Government has also announced its intention that 80% of the local property tax will be retained in the local authority area it is raised to fund local services in the area.”

 

Hmm.

YOU decide.

Factual position on Local Property Tax (MerrionStreet.ie)

…the love of God.

One source told The Mail: “When a pensioner friend of mine remarked that he was playing golf at Howth Golf Club, I asked him how he could afford it in these recessionary times. He said he had his subscription paid every year for the last 15 years because he used to work at BoI.

“Other former BoI staff are members of the Royal Irish Yacht Club or are part of posh fitness centres.”

BoI, whose chief executive Richie Boucher was paid €690,000 in 2011 recorded a pre-tax loss of €950 million in the same year.

A spokesman for the bank said: “Bank of ireland supports staff and retired staff with regard to club subscriptions, the amount of which is capped at fixed amounts depending on staff grades. As with all costs within the group, they are currently under review.”