Saturday 20 January 2018

Property tax a 'perfect fit' for black hole left by Anglo

Cost of bailing out 'world's worst performing bank' will be huge, writes Ronald Quinlan

THE cost of bailing out Anglo Irish Bank? At least €22bn. The predicted annual income from residential property taxes? €2bn.

It doesn't take a genius to figure out the connection between the above figures. The non-geniuses amongst us have already been doing the maths, as they say.

Put simply, we the little people who pay our way will soon be paying property taxes to fill the gaping 'black hole' left by the bank that Seanie FitzPatrick built and broke.

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