OK.
Call it a u-turn.
Damn you, wily elderly people.
How do they do it?
‘Vast majority’ Of Pensioners Not In Tax Arrears (BreakingNews.ie)
Tag Archives: tax
This is going to be interesting.
Revenue To Target pensioners On Higher Incomes (RTE)
Earlier: We All Partied
The Revenue has not ruled out the backdating of tax following the announcement that over 100,000 pensioners are facing tax demands from the Revenue this year.
.
Pensioner Tax Backdating Not Ruled-Out (RTE)
Earlier: 100,000 Pensioners Face Tax Demands
(Photocall Ireland)
Old News
at
AN ANNOUNCEMENT by the Revenue Commissioners that 115,000 pensioners will have to pay extra taxes due to an under-calculation of their liabilities, will cause further hardship for older people, according to Age Action.
Affected pensioners will be issued letters from the Revenue Commissioners within the next week informing them that they are liable for extra taxes this year.
The tax bills will affect people who are in receipt of both a State pension and a secondary private pension or salary.
The underpayments came to light after the Department of Social Protection sent records pertaining to 560,000 pensioners to the Revenue Commissioners.
Revenue to inform 115,000 pensioners of extra tax liability (Irish Times)
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THE €100 a year household charge is likely to be replaced in a little more than a year by a comprehensive property tax.
The property tax will be on a graduated scale based on the size or value of a house and the details are due to be worked out over the next few months.
The Cabinet agreed to proceed to a quick decision on the basis of the report from the expert group with a view to having a comprehensive property tax system in place by 2013.
Whatever system is agreed by the Government, most householders will have to pay considerably more than the €100 flat charge for 2012 which is due to be paid by the end of next March.
Oh.
Ministers decide to bring forward property tax (Irish Times)
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httpv://www.youtube.com/watch?v=bKztnNY1q2U
Checking Irony-meter™…
No, we’re clear.
Reeling in the Years clip via
Mary O’Rourke To Interview Bertie Ahern When Vincent Browne Is On Holiday (Politics.ie)
Google has been accused of saving billions of dollars in tax payments by channelling its money through low-tax countries.
Guess who’s among them?
Ireland’s strategy of offering tax incentives to attract multinationals allows companies to shift income out of the country with minimal tax consequences.
Google’s corporate tax rate in the US is 35%. Overseas, it drops to a mere 2.4%.
Google declares that much of its foreign revenue comes from Ireland.
To steer clear of an Irish withholding tax, payments from Google’s Dublin unit are funnelled through Bermuda. But they don’t go directly to Bermuda.
No. First they’re detoured via the Netherlands, because Irish tax law exempts certain royalties to companies in other EU- member nations. This Amsterdam-based subsidiary lists no employees.
It’s called a ‘Dutch Sandwich’.
Inevitably, the US will tell Ireland to plug this loophole.
At which point Google may well take its business elsewhere.
Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes (Bloomberg)