Tuesday 24 October 2017

Strain of taxation is now really affecting us all

'To tax and to please, any more than to love and to be wise, is not given to men,' said Edmund Burke. His words remain as true today as when he uttered them more than 200 years ago. And of all taxes, a residential property tax is among the most unpopular.

In Ireland, it has a long and controversial history which ranges from incomprehensible methods of assessment to well-justified doubts about forecasts for revenue levels.

Presumably the Revenue Commissioners had all this in mind yesterday when it issued guidelines to householders on how to assess their liabilities for the new property tax based on the market value of their homes.

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