Archive for January, 2009

Irish Tax to go up in 2010

A budget shortage of 4bn may force higher income tax in Ireland next year. Currenly, 22% of taxpayers in Ireland pay 77% of the taxes, and the top 2.5% pay as much as a third of taxes. “The first step towards that goal is the...

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Obama Has $819 Billion Approved

As a part of a large stimulus plan, the congress has approved $819bn in tax cuts and increased spending. Not a single vote of support came from the Republicans though as they argued the plan was more focused on spending than tax cuts. The two-year...

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Small Business Tax Refund in Australia

The Australian Chamber of Commerce has pushed the Government to allow small businesses who incurred losses to receive financial aid from tax paid on profit in previous years. This in effect means small companies may be getting a tax refund. “This would increase cash flow...

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Fuel Tax to Go Up in the USA

Highway and transit programs have fallen short of funds as motorists in the US are driving less or switching to more fuel-efficient hybrid cars. Road structure is highly dependent on fuel taxes and plan was proposed to increase fuel taxes temporarily, until a better way...

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Second tax cut in Australia

A second stimulus pack was hinted by Prime Minister Kevin Rudd and Treasurer Wayne Swan. The first tax cut saw 10.4 billion brought back to middle and low earners, and the second pack is expected to get greater than that. Rudd has called employers to...

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Immigration tax for migrants to the UK

British immigrants will have to pay £20 each to help finance community services such as schools and hospitals, as well as the migration administration. This new tax was introduced along with other regulations aiming at sifting through migrants and making sure passport candidates earned their...

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New Work Visa for US and Ireland

A new one-year J work visa is now available to US and Irish citizens under the working holiday agreement between the two countries. The new visa is an extension of the existing J1 Visa and will enable 20,000 Irish young people to travel and work...

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