gerryo777 wrote: » ...the government will try the same and keep 40% to keep the PS gravy train, which you're on, trundling along...
Ghandee wrote: » Now, the latter to me, would be a true asset/wealth tax, as the developers are simply sitting on millions of euro worth of land, just awaiting things to improve so as they can build/flip it. And by collecting tax from land, and a property owner, you could reduce the burden on a home owner, while still collecting same (even more revenue)
The windfall gains arising from increases in land values due to rezoning decisions should be subject to an additional capital gains tax charge. This is often called ‘betterment’ or ‘value capture’ as the increase in property values as a consequence of: planning decisions made by local authorities, typically the rezoning of agricultural land for residential use; the provision of physical infrastructure by local authorities (and other agencies such as the Railway Procurement Agency and the National Roads Authority) and the provision of social infrastructure in an area
gerryo777 wrote: » You answer a question. Where has austerity got us? See much improvement in our economy, do you?
Vladimir Kurtains wrote: » Which I'm on? Am I reading that correctly
gerryo777 wrote: » You are employed in the PS aren't you?
Le_Dieux wrote: » Or put another way: Dublin Bus saw a drop off in their load factor - what did they do? UP the fares. To compensate for loss of earnings. Who thinks this up? One only has to ask WHY are there less bodies on a bus? Nah, not DB.... What's better? Run a bus from A to B half full or drop the price and ( hopefully, I admit ) fill it? Perish the thought. I mentioned before somewhere on Boards - back in the 80's Stockholm built a metro/tube ( whatever they call it there). They started running it, but the service was boycotted because the fares were too steep. What did they do? Cut the fares in half, and they ended up having to buy more carriages, the trains were so full. Now I ask myself: WHY OH WHY can't people think along those lines in this Godforesaken country? We are a small nation, and these 'ministers' want to just pile misery on misery to satisfy the Troika. Of course they make SFA sacrifices themselves, nah, let the ordinary joe soap pay. Don't they realise that the more money they take out of the economy, the LESS people have to spend? And they haven't even tried to bring in the water tax yet. I despair at where this country is going!!!
Vladimir Kurtains wrote: » No. I work in the private sector.
donalg1 wrote: » You asked me to show you where it was said and I did or are you denying it was said by someone on the anti side.
Le_Dieux wrote: » Apologies for responding so late...had to work. You generalised classifying ALL the NO brigade. I don't expect you to apologise - seems to be beyond your remit - but just please do NOT paint everyone with the same brush.
Vladimir Kurtains wrote: » Oh wait.... ... they did. http://www.commissionontaxation.ie/Report.asp
gerryo777 wrote: » There's probably not much point really, it's Ireland and it's another report, one of thousands. The government's mates sitting on land banks won't be touched. Everyone can see the path this shower have taken, screw the middle classes to protect the 'top' and the 'bottom'. I don't need any reports to show me that.
Ghandee wrote: » Tell me this Vlad. If, as we're constantly reminded, the countries stone broke, and badly (urgently) even in need of a stable, reliable, predictable revenue income, and if all the signs pointed that property was the way forward, why then leave potentially billions out by not making any such tax a site valued one? Site valued property gives a potential double whammy, you get to tax the value of the house, and the site (plot of land) the house sits on. If you simply own a plot of land, without a house on it, you're still liable for a tax. Now, the latter to me, would be a true asset/wealth tax, as the developers are simply sitting on millions of euro worth of land, just awaiting things to improve so as they can build/flip it. And by collecting tax from land, and a property owner, you could reduce the burden on a home owner, while still collecting same (even more revenue) Yet, they get away scott free. Something fishy about that, no?
The National Assets Management Agency Act introduced a “windfall gains tax” in certain capital gains. This tax is charged at a rate of 80% in respect of a disposal of development land where both a rezoning and a disposal took place on or after 30 October 2009. Finance Act 2010 widened the scope of the provision by introducing a Relevant Planning Decision, which includes both a rezoning and a material contravention of a development plan. This change applies to decisions made on or after 4 February 2010.
donalg1 wrote: » Excuse me Gerry council worker are you ghandee too
Vladimir Kurtains wrote: » They actually have introduced a tax on developers:
lugha wrote: » Out of curiosity, why, if you think the government had a choice between upsetting a relatively small number of high earners and upsetting a much larger number of low to medium earners they would opt for the latter, given that their currency is votes?
Vladimir Kurtains wrote: » If it were a tax on homes, then people in rented accommodation and local authority housing would be liable as well.
donalg1 wrote: » You lost me Gerry
darkhorse wrote: » Why, then, are they not liable.
lugha wrote: » So we all agree that austerity is not working and maintain a deficit at 13 billion until things pick up a bit. All we have to do is find a lender who is prepared to throw money away lend to those who insist on spending more than they earn. I have a nagging notion in my head that there is a small flaw in that plan somewhere.
Le_Dieux wrote: » What are you saying Lugha? Let the bus run around half full ( bus takes 80 passengers, €1 per trip) IE €40 or drop the price of a fare 25% and take in €60???
lugha wrote: » I am saying we do not have a choice between austerity and no austerity, unless there is someone who will lend us 13 billion a year without us implementing any reforms. Have you any ideas as to where we would get this money from?
Le_Dieux wrote: » WHY so much emphasis on this €13.5b billion?
Le_Dieux wrote: » Have to attend a Christmas Fair in Dublin 14, but am planning on doing a bunk ( while the OH makes the bread selling goodies:rolleyes: ) and I catch a #11 to get to Parnell Square...hopefully.
gerryo777 wrote: » Until we get our domestic economy growing, we are always going to need €13 billion or something like it. So the best thing to do is slash and burn more and more and destroy what's left of our domestic economy. Genius thinking by clueless people.
