IMF – EU Bailout for Ireland…to be paid back by you!
At the end of 2009, as a citizen are liable for a National Debt of €97 billion. A further €20 billion was added to the National Debt during 2010 to run the Government accounts and close to €50 billion was added to refinance the banks.
Now the Government has agreed to the provision of €85 billion of financial support to Ireland by Member States of the European Union along with bilateral loans from the UK, Sweden and Denmark and the International Monetary Fund’s Extended Fund Facility on the basis of specified conditions.
The State’s contribution to the €85 billion facility will be €17½ billion, which will come from the National Pension Reserve Fund and other domestic cash resources. This means that the extent of the external assistance will be reduced to €67½ billion.
That is a whopping €235 billion that you have to pay back in your taxes.
The Government is going to take your money to pay this huge debt bill!
Time to call in the experts: Ireland’s # 1 Tax Savings Experts!
We have the expertise to ensure that you do not over pay your taxes and to tackle the Government’s plans to increase taxation by:
1) Lowering of personal income tax bands and credits or equivalent measures
2) A reduction in pension tax relief and pension related deductions
3) A reduction in general tax expenditures
4) Excise and other tax increases
5) A reduction in private pension tax reliefs
6) A reduction in general tax expenditures
7) Site Valuation Tax to fund local services
8) A reform of capital gains tax and acquisitions tax
9) An increase in the carbon tax
