Host of tax rises to hit middle class in Budget

[tadpole]

Сообщение от Irish Independant

Middle-class homeowners and income earners are to be crucified in December's Budget because of a host of tax increases and service reductions demanded by the EU and the IMF.

The Government has committed to raising an additional ?1.5bn next year in increased taxes, meaning considerable additional pain for the "coping classes".

...

Under the latest update to the Memorandum of Understanding, published on Friday, private pension tax reliefs are to be lowered further, despite them being hit for a levy worth ?480m a year, to pay for the Government's jobs Initiative.

Other painful measures included in the plan are the ?100 property tax, a reform of capital gains tax and acquisitions tax and an increase in the carbon tax.

The plan shows the Government has committed to spending reductions of at least ?2.1bn, including reductions in social welfare expenditure, reductions in public sector numbers and "adjustments" in pension arrangements for public sector workers.

...

http://www.independent.ie/national-n...t-2836084.html

[vdc]

http://www.rte.ie/news/2011/0729/budget.pdf

[tadpole]

http://www.irishtimes.com/newspaper/...301619172.html