Wednesday, 11 May 2011 08:56 'Ireland's ability to levy further taxes on other parts of the economy is restricted because its economic growth has been inhibited in the wake of a financial crisis that crippled its banking sector and decimated its public finances. Unwilling to budge on the country's low corporate tax rate, Enda Kenny's Irish government has chosen to target pensioners for funds to grow the economy. Whether it turns out to be an example to other countries seeking alternative ways to raise revenues with aging populations is yet unknown.' Read more: Irish Government Taxes PRIVATE Pensions To Pay For Spending Wednesday, 11 May 2011 08:51 'The UK has already spent more on bailing out countries in the eurozone than it has saved through austerity measures this year, according to Conservative MP Douglas Carwell. "Bailouts for the Irish and Portuguese already dwarf all the savings to tackle the deficit over the last year. A Greek bailout on top of that would be astonishingly unfair on British taxpayers and pensioners," Carwell said to the Daily Mail.' Read more: UK has Spent More Bailing Out Other Countries Than it has Saved Through Austerity
Thursday, 12 May 2011
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