The Finance Bill published today has a distinctly green taste.
1 aim, 4 objectives
Announcing the Bill Mr Lenihan said he wants:
to put in place measures to enhance our economic performance,
to maintain and enhance our international competitiveness,
to support enterprise
to restore stability to the public finances
Announcing the Bill Mr Lenihan said he wants:
to put in place measures to enhance our economic performance,
to maintain and enhance our international competitiveness,
to support enterprise
to restore stability to the public finances
4/7 Green measures
The Bill contains about 7 headline makers, 4 of which will please green supporters:
€200-a-year levy on car parking spaces in urban areas
€10 departure tax on airline passengers
Tax incentive for certain energy-efficient equipment
Tax relief of up to €1,000 a year for the purchase of bicycles and cycling equipment.
The Bill contains about 7 headline makers, 4 of which will please green supporters:
€200-a-year levy on car parking spaces in urban areas
€10 departure tax on airline passengers
Tax incentive for certain energy-efficient equipment
Tax relief of up to €1,000 a year for the purchase of bicycles and cycling equipment.
AMDG measures
Two more are concerned with social justice:
3% levy on incomes over €250,000 (should bring in €60m)
Minimum wage earners excluded from 1% income levy.
Finally the Capital Acquisitions Tax, which covers inheritance and gifts, increases by 22%.
The Next Steps:
The rest of our near future will be decided by the governor of the Central Bank, the Financial Regulator and PricewaterhouseCoopers. Mr Lenihan received all three yesterday, and is expected to either decide a way forward based on what they tell him or commission a report which will put their opinions in a glossier format.
Sensing a bargain, international private investment firms are expressing an interest in buying stakes in one or a number of our banks.
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