Can we blog any more on property tax… yes we can! The subject of whether or not to introduce a property tax seems to be an on going and endless topic of conversation. Appearing in the paper again today ahead of this Wednesdays budgetary talks it now seems that a Property Tax is not on the agenda for the next budget – hip hip hooray!
Not even two weeks ago Taoiseach Brian Cowen told the Government that he had made no ‘Yes’ of ‘No’ decision on whether or not to introduce a property tax in the next budget BUT it now seems that the Government has ‘signaled’ such a tax will not form part of the next budget; ‘We’ve seen a huge reduction in the value of property so that the capacity of the capital taxes to raise money has reduced according’, said Minister for Finance Brian Lehihan. He added, ”If you keep endlessly increasing taxation, you will destroy confidence in the economy” – …Finally!! That sounds a little reassuring?
However, while we may escape the tax this time round its has not been ruled out indefinitely – “we will do some preliminary work on laying down the basis over a number of years of how you might connect a property tax”.
So it seems we still haven’t heard the end / blogged our last of this ongoing property tax saga.