Property Tax Summary
What is it?
It is a tax on wealth rather than income. Prevously it was called Rates and were abolished in the 1970's (?) for political advantage but of course was recouped by increasing income tax by 2%. Later in 199? it was brought in again as a property tax for 3 (?) years and was again abolished as a vote winner. What was really unfair was that many people got away with not paying and were never penalised. This time because of the disaster of the Celtic Tiger this tax has been 'requested' by the Troike as a fairer way to tax wealth and it exists in one form or another all over Europe. Due to the previous disasters on collecting taxes and particular the widespread refusal to pay the household charge the government has imposed some severe penalties this time.
So would be conscious objectors who are non payers - you are warned.
The penalties actually benefits compliant tax payers.
What is it?
It is a tax on wealth rather than income. Prevously it was called Rates and were abolished in the 1970's (?) for political advantage but of course was recouped by increasing income tax by 2%. Later in 199? it was brought in again as a property tax for 3 (?) years and was again abolished as a vote winner. What was really unfair was that many people got away with not paying and were never penalised. This time because of the disaster of the Celtic Tiger this tax has been 'requested' by the Troike as a fairer way to tax wealth and it exists in one form or another all over Europe. Due to the previous disasters on collecting taxes and particular the widespread refusal to pay the household charge the government has imposed some severe penalties this time.
So would be conscious objectors who are non payers - you are warned.
The penalties actually benefits compliant tax payers.