The 2006 and 2007 Finance Acts introduced, with effect from 1 January 2007, measures to limit the use of certain tax reliefs and exemptions (known as ‘specified reliefs’) by high income individuals. Such individuals, by means of the cumulative use of various tax incentive reliefs, had in previous years the
In our commentary published on 21 May, 2015 we argued that the proposed exemption of land in public ownership from the vacant site levy under the the Planning and Development(No 1) Bill, 2014 (Head 5) was misconceived.
COMMISSION STAFF WORKING DOCUMENT
Country Report Ireland 2015 Including an In-Depth Review on the prevention and correction of macroeconomic imbalances
Categories : Budget and Troika,Debt & Deficits,External Analysis,Policy Briefs
Ireland's economy is expected to remain resilient and to keep growing faster than the EU average. Thanks to buoyant tax revenues, the deficit remains on a downward path despite considerable overspending
Categories : Budget and Troika,Debt & Deficits,External Analysis,Fiscal Fact Sheets
Budget 2015 was the first expansionary Budget since the onset of the economic crisis, and brought to an end seven years of fiscal consolidation. This note surveys the health of our public finances in 2014, highlighting the better-than-expected tax revenues that allowed for an early end to austerity.
A key aim of public policy is to ensure that work pays while achieving adequate income protection for the unemployed. This is particularly important in the case of young people in order to avoid locking them into long-term unemployment which has very negative economic and social consequences in the longer-term. This note looks at some data on incentives to work.
Categories : Budget and Troika,Income Distribution,Our Analysis
Self-Reported Health (SRH) is thought of by many as a "one-size fits all" measure of the overall health level of a population and thus has been suggested as a possible solution to measuring health outcomes and determining health needs. Ireland routinely performs well in international comparisons of this indicator. This note investigates whether Self-Reported Health is a good measure of population health.
An International Monetary Fund (IMF) mission visited Dublin during January 20–27 for the 2015 Article IV consultation discussions, part of the IMF’s regular surveillance of all member countries. This document outlines its finding.
Categories : Budget and Troika,Debt & Deficits,External Analysis,Fiscal Fact Sheets
The Central Bank of Ireland today (27 January) announced the introduction of new regulations which will apply proportionate limits to mortgage lending by regulated financial services providers in the Irish market.
This note sets out the structure of the Local Property Tax, the details of which were finalized on September 4th 2014. The tax came into effect on July 1st 2013 and in that year only a half charge was applied. 2014 was the first full year of the tax, for which the yield was €491m. From 2015, Local Authorities will be empowered to increase or decrease the rate of LPT in their jurisdictions by up to 15%. It was also announced that no Local Authority would receive less than their 2014 level of funding through an Equalisation Fund. Two case studies are provided on the implementation of the Local Property Tax in Dublin City and in Donegal.
This note examines the data from The Irish Longitudinal Study on Ageing (TILDA) in relation to the incomes of the current population of retirees (aged over 65). It identifies the core determinants of these current incomes and suggests the policy implications that these results hold.
The National Service Plan for 2015, as required under legislation, sets out the type and volume of services, which will be provided across the health services within the funding allocated by Government and taking into consideration: Quality improvement and patient safety, reform of the health services & the quantum of services to be provided.
An overview of the fiscal situation in Q4 2014, looking at the recent evolution of government revenues, expenditure (current and capital), the deficit and the national debt.
The Commission on Taxation recommended a systematic approach to the evaluation of tax expenditures (Recommendation 8.5 P 230). This report by the Department of Finance sets out an excellent process to achieve this. When implemented it should ensure that the proliferation of tax expenditures which made a significant contribution to the economic crisis should be avoided in the future.
Categories : Budget and Troika,Debt & Deficits,External Analysis,Fiscal Fact Sheets
The Report by the Expert Commission on the Funding of Domestic Public Water Services in Ireland has been submitted on schedule to the Joint Oireachtas Committee on the Future Funding of Domestic Water Services.
Irish Water has made significant progress in a short period. Abolishing Irish Water and removing domestic water charges would be a mistake and set back the prospects of having water services fit for a modern economy.