ENIVORONMENT Minister Phil Hogan today flagged a radical change in property taxation to replace the new household charge for next year.
Mr. Hogan said the Government has set up an inter-departmental group to examine how such a system can be drawn up.
Minister Hogan added that the tax will be based on a homeowner’s ability to pay and the size of their property.
He said: “We have set up an inter-departmental group in order to look at how we can have a fairer, more progressive property tax regime in 2013, 2014.
“We realise that the household charge is a flat tax, it is not progressive, but it is an interim measure. In line with what we have agreed with the EU/IMF.
According to reports today, the 100 a year household charge – imposed in this months Budget – is likely to be replaced by a comprehensive, graduated tax, based on the size or value of a house.
Under the terms of the EU-IMF deal such a system of property tax is due to be put in place in 2014.
But the Government has taken a decision to speed up the process.
An expert group – which will be chaired by a representative of the Revenue Commissioners – is due to report back to Minister Phil Hogan by next April..
The Commission on Taxation, which reported in 2009 had recommended radical changes.
Trans-Atlantic private jet flights to and from the US and Europe or Middle East can be some of the most expensive trips a private flyer can take. Making these trips nonstop requires some of the largest and longest ranged aircraft equipped with flight attendant, full onboard amenities and sleeping configurations. A typical Van Nuys to Paris flight on a Gulfstream V can run as high as $270,000 if one is paying for the aircraft to return to its home base. The price tag can be higher if the aircraft is coming from Europe or Middle East.
Empty Legs are a way to help reduce some of these high costs. Empty legs, as they are referred to in the aviation industry, are aircraft flying empty from point A to point B for a variety of reasons.
As I jogged down Wall Street in New York in October through the barricades, police horses, and thousands of activists, something became clear. The masses had self-organized and social media had added yet another social movement to its résumé. At the same time, something else became clear to me. Much higher than street level, in the boardrooms of America’s largest companies, social media expertise was far from entering the résumés of most C-suites.
Why is there confusion inside these glass fortresses around the world? Senior executives are struggling to get a grasp of what to do about the social opportunity for their kingdom. But hey, it’s new, right? The kids only started signing up eight years ago. For lots of people, the biggest concern with technology is figuring out how to operate their BlackBerry in the post-trackwheel era.
But with 2012 and the New Year upon us, countless strategy and planning sessions are likely on the calendar. I’d lik
