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Page 6 - Mac Coille News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Biden s global tax cartel threatens to end Ireland s economic miracle

Low corporation tax isn t the only reason foreign companies are in Ireland, economist says

Economist Explains Global Minimum Corporate Tax Agreed At G7 Summit

Local Property Tax: Here s how the changes will impact homeowners

It comes after Cabinet signed off on proposed changes that will see tax charged on properties built since 2013 for the first time. Homes will also be revalued in November, and around one-third of homeowners will see their bills increasing by at least €90-100. Advertisement The Department of Finance estimates 11% of people will see a decrease in their property tax bill; 53% will stay on the same rates; while the new bands will mean increases of up to €100 for a third of households. The proposed changes have been labelled crazy and bizarre by the Irish Mortgage Holders Organisation, with the group saying it s the wrong time for the measure as people are still experiencing the impacts of the pandemic.

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