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Tag Archives: property tax
TV3 Morning Show, property tax
On TV3 today we talked about property tax, how it is collected, what it means and some of the things to be aware of (such as not paying!)
Spoofery on property tax
Almost everybody who isn’t a politician agrees that politicians lie. Actual politicians don’t see it that way, the see it as being forced to accept a series of working realities which unveils the way the system ‘actually works’ versus how we would ‘like it to work’. The truth is that in effect they do lie when you compare election promises to results, but they don’t do it with total intent.
But sometimes they do, and we are seeing that with our proposed property tax which is a clear demonstration of lap-dog leaders who want nothing more than to be ‘box tickers’ for the troika. You see, we are being told that ‘no decision has been made’, but that is contrary to the facts surrounding the debate once you do some digging.
RTE The Frontline: Household charge, 23rd January 2012
As far as a ‘system of taxation’ goes, we think that less income tax is a great idea, that instead site valuations and local costs or spending should be borne by the locality and paid to the local authority. That means that the Household Charge – while regressive – is the right type of tax being levied in the wrong way.
Fred Harrison: The Bridge, how infrastructure is a wealth transfer
Fred Harrison talks about the way in which infrastructure spending can result in a wealth transfer which largely goes uncollected, compelling viewing.
The Sunday Business PostT: The taxing issue for property owners
Karl Deeter, operations director with Irish Mortgage Brokers in Dublin said he was in favour of a property tax if it was implemented correctly and if less income tax was paid by taxpayers. ‘‘People would be more willing to spend more if income tax was reduced. It would prove to be productive.”
‘‘The second homes tax is an example of revenue raising, the only justification is that it is a tax on owning an asset. Literally I could own a castle or a cottage and I’d have to pay a flat tax it’s stupidity. The introduction of a property tax would have to mean scrapping the second homes tax,” he said. ‘‘Otherwise it doesn’t make sense, and the property tax should be offset against investors’ tax bills. The property tax should be allowable as an expense for investors.”
Site Value Tax: 10 points in favour of it
Of the main changes we could consider in the near future from a national taxation perspective, none holds the potential for positive outcomes to the same extent as Land Value Tax (LVT) or Site Value Tax (SVT). Below are several points looking at why this is the case:
A letter to Kevin Cardiff, Secretary General with the Department of Finance
We felt compelled to seek an explanation of the change in rules surrounding Section 23 properties in the recent budget. This is effectively retrospective taxation and the changes were never set out or implied in the original contracts for the properties. Changing tax law after the fact is generally considered bad policy, and in some […]