Latest bailout is one too far
Letting tax investors off the hook will infuriate the public and bankrupt the country, writes James Fitzsimons
Published 23/01/2011 | 05:00
After a brief delay, the draft Finance Bill was finally published on Friday. As the Government was collapsing around him, Brian Lenihan was forced to renege on the proposed abolition of the controversial property-based tax incentives.
Taxpayers are not happy with this. They see it as another cave-in by the Government, as it protects those who sheltered their income from tax -- yet another case of those who gave the least benefiting the most.
At least that is how the general taxpayer sees it. They bailed out the banks, the developers and the bondholders. Now it's the turn of the tax cheats.