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No Water Charges Or Property Taxes In This Years Budget!

 

Updated : Aug 24, 2009

Homeowners will not face the introduction of a property tax or water charges in this year’s Budget.

Finance Minister Brian Lenihan yesterday confirmed that he would not introduce the controversial measures.

Mr Lenihan confirmed that his Budget priorities will be the introduction of a carbon tax and more spending cuts.

He will this week receive a report from the Commission on Taxation, which has proposed water charges for every household and a self-assessed property tax on all homes, as well as a tax on child benefits.

Mr Lenihan, however, said the Government would prioritise spending cuts rather than tax hikes.

Taoiseach Brian Cowen, meanwhile, told the ‘Sunday Independent’ that he was “not wedded to property tax”.

“But I don’t want that to be suggested that we are not prepared to take the decisions that need to be made,” he added.

“We have very low taxes on property in this country, if any.”

The Government is targeting €1.75bn in additional tax revenues and €2.25bn in spending cuts next year on top of existing measures unveiled as part of a five-year austerity plan to get the deficit, proportionately the worst in the euro-zone, under control.

 

 

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