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THE DEPARTMENT OF Finance has sought to clarify its position on the property tax after a report today claimed that the entire €175 million fund will be used to pay our bailout debt.
The Irish Daily Mail reported that Finance Minister Michael Noonan “admitted that the money has been kept in the coffers” and would be used to “reduce the deficit rather than to fund local services”.
In a strongly worded statement, the department said that “none of the funds collected through the Local Property Tax have gone towards our bailout debt nor will it be handed to bank bondholders”.
The department said that from 1 January 2014, the minister will pay the tax into the Local Government Fund and will be used to fund local services.
“The government has also announced its intention that 80 per cent of the local property tax will be retained in the local authority area it is raised to fund local services in the area,” it continued.
The department added that the allocation to the Local Government Fund was decided at the start of this year and there is no shortfall in it.
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“none of the funds collected through the Local Property Tax have gone towards our bailout debt nor will it be handed to bank bondholders”.
No, they will be used to plug the hole left by the government stealing the taxes we have already paid and handed to bondholders.
Same injustice, same difference, same criminality.
Ha ha. Nice try Mr. Noonan.
werejammin
Comment of the week.
Noonan, spin spin and more spin, who is he trying to kid?
Oh what a tangled web we weave,
When first we practice to deceive!
For What Died the Sons of Róisín, was it fame?
For What Died the Sons of Róisín, was it fame?
For what flowed Irelands blood in rivers,
That began when Brian chased the Dane,
And did not cease nor has not ceased,
With the brave sons of ´16,
For what died the sons of Róisín, was it fame?
For What Died the Sons of Róisín, was it greed?
For What Died the Sons of Róisín, was it greed?
Was it greed that drove Wolfe Tone to a paupers death in a cell of cold wet stone?
Will German, French or Dutch inscribe the epitaph of Emmet?
When we have sold enough of Ireland to be but strangers in it.
For What Died the Sons of Róisín, was it greed?
To whom do we owe our allegiance today?
To whom do we owe our allegiance today?
To those brave men who fought and died that Róisín live again with pride?
Her sons at home to work and sing,
Her youth to dance and make her valleys ring,
Or the faceless men who for Mark and Dollar,
Betray her to the highest bidder,
To whom do we owe our allegiance today?
For what suffer our patriots today?
For what suffer our patriots today?
They have a language problem, so they say,
How to write “No Trespass” must grieve their heart full sore,
We got rid of one strange language now we are faced with many, many more,
For what suffer our patriots today?
they dies for near SFA- and its long past time for singing songs . Direct action – very direct . That’s what Micheal Collins did one Sunday morning long time ago .
so what you want to do Jim?
cause I agree
Either way its all semantics. IF money collected from property tax is paid to local authorities, money previously assigned to them is now being used to pay the bond holders.
Their twitter feed today issued the same bull via one tweet. They must think we are the biggest bunch of thickos to ever grace the earth. While in theory the property tax will not be handed directly to bondholders, the gaping hole left by the deficit the repayment creates will be plugged by the tax! The fact that our government insist on enriching those who don’t need it over their own citizens absolutely sickens me! Are you listening those who sung the merits of the EU referendum, wheres that good will from the EU! Yet again the Irish people have been sold a pup and yet again we do nothing! We do deserve what we get really we’re so idiotic!
I couldnt agree more with everything you just said.
But they are going to keep doing the same until we as a nation stand up to them. We need tens of thousands of people on the streets of Dublin, Cork, Waterford, Limerick, Galway and every other city and town in the country.
We need to send them a message saying enough is enough.
Somehow I think if it hasn’t been done by now it never will.
I really hope im wrong.
You get what you vote for.
Same thing will happen next election and the one after etc.,
Socialism for the corporates and big business, capitalism for the poor.
People piss and moan about their taxes going to social welfare yet never a word spoke from the same people in regards their taxes going to corporate social welfare funds to keep the elite few in the money and their failed banks and businesses running.
Nobody comes out and protests, Irish people just keep taking it up the behind.
So, in view of anything to the contrary – yes, yes I do think Irish people are a bunch of thickos.
We had an opportunity to stand up to them by saying a collective NO to paying the tax in the first place. But one by one, the meek irish succumbed and payed like obedient suckers.(As far as i’m concerned they can stick it where the sun dont shine.) Whats become clear is that we are a people who allow ourselves to be pushed around,and look at the fools we are allowing to do it. No one to blame but ourselves!
Well said the Irish cowards
I didnt pay and still no sign of any letters ….they scared people into paying. …stand up and fight….didnt pay household charge either. ..they can do nothing as these were illegal taxes
Not going to the bank holders? Yeah right maybe not that 120 million but another 120 million will be diverted to them.
Whatever he says I think it’s safe to presume he will do the exact opposite.
Didn’t register didn’t give my consent
Didn’t pay it and I won’t either !
Same here.
And here.
Check out the three amigos!!
http://cdn.funcheap.com/wp-content/uploads/2013/05/three-amigos.png
While I agree and understand your decision not to pay the Property Tax, how are you going to prevent it being deducted at source by Revenue?
By not paying it
@gaius
Lets just say I’m in a unique position which makes it impossible for revenue to deduct the charge
There’s ways around things if you use your head
So Noonans lying.
Wake up people
As if we’d believe a word that snake says!!!
If this is true this is the most despicable act the government has ever inflicted upon the Irish people – to take money from people who are hard up in the guise of it being for your local council and hand it to already rich bond holders has me choking here on my own rage
Excuse of a man
Of course it’s going to the bondholders ….. Well done noonan, how do we know ur lying – ur lips are moving
Yet again the people of this country are lied to by this government. Don’t trust a single one of them.
I would ask all who are giving out here one question: have you been to any of the protest marches? If not, its time to start joining in. This forum is good for venting and informing yourself. Please get on the street. The government are happy to ignore until they see we are serious
Or If they used the money to post every citizen a dildo wrapped in barbed wire and told us all to stick it in our a$$ just so we can all physically feel the governments agenda, there’d be more participants in that than protesters on the street sadly.
Noonan is a liar
They all are rotten what do are young think or look up too
Eh, Rose, ???.
No, it will be electronically transferred.
Sorry try again Mr Noonan the property tax is going to fill the hole left by you paying the bondholder’s eg. Yourself out of our already payed taxes
Remember in late 2010- the irish media denied we were about to enter into an imf bailout agreement- while the british and international media reported otherwise-they denied we going into a bailout at the time- now they are once again denying the money is going to bondholders-.broken promises 2011 election come to mind.
It’s all a load of bollix
Who is lying here..?????…the newspaper today or noonan this evening?????
Judging by the face his lips were moving, my moneys on Noonan.
* fact
The Truth Always comes out in the end
……and apparently 80% or so of those eligible to take this heroic hit, for de nation like, actually believed the guff that it would fund local services. Dear oh dear…….. Labour, what the heck are ye doin’ cha?
I just presumed that was where the money was going anyway. Like every tax we pay. Into the big black hole.
^^ complete bollocks^^
Complete bollocks was meant for Andrew Telford….. Soz guys…..
Jaysus where are the Fine Gael journal Mafia tonight??
Yeah right…..
Two words, absolute pr1ck!!!
Did you see noonan’s nose growing when he made that comment. Who is he trying to kid? Stop telling bare faced lies and come clean!
Ah wait a minute lads! Noonan said it so it must be true. He wouldn’t be thinking we are all gullible fools who would fall for bull$#it would he???? I don’t believe it!
Why do we keep Moaning? We know the drill at this stage
every TD councillor of FG/Lab is coming out with a statement ,
they of the defensive , well thats because the truth has just emerged , and they just want to collectively speak over it ,
but sure even the dogs in the street knew the truth all along.
Can people please learn what the budget deficit is! The budget deficit is the difference between taxes in and expenditure out. It has nothing to do with bondholders! *facepalm*.
Cue the red thumbs.
Noonan the bondholder. He lies like a rug.
Ignoreland,
It appears to have eluded you that Ireland’s ‘expenditure out’ has been increased by billions every year to finance the interest payments on the €100 billion we have been forced to borrow to bailout the delinquent banks. This contributes massively to our budget deficit so please feel free to give yourself a facepalm.
Most countries run a budget deficit most of the time. The deficit only becomes a serious problem when you are unable to finance it as in Ireland’s case. Ordinarily countries finance their deficits by borrowing the money in the market. Or if they control their own currency they can simply create new money by buying their own government’s bonds etc (Quantitative easing as the Yanks call it). Even in the depths of the 1980s recession, Ireland was always able to go to the market to fund the budget deficit until Brian Lenihan bailed out the banks in 2008. The markets then realised Ireland would not be able to cover the massive banking losses and pay them back and so the interest rate they demanded rose to an unaffordable level. This pushed us into the tender Troika embrace who now lend us the money and charge interest so that we can pay the banking debt as well as our budget deficit.
The fixation on the budget deficit and the consequent shredding of our social services and escalating taxation is driven by the political agenda to distract attention from the looting of the country to pay for private banking debt. The tax hikes and cutbacks are the mechanism by which the Irish people are being made to pay for this failure of speculative financial capitalism. Having had €20 billion stolen from us in 2012 to pay off the bondholders, we will hand over another €17 billion in 2013 to cover the gambling losses of financial speculators.
This does not take into account the indirect cost of our zombie banks on the budget deficit over the past 5 years. Credit has been denied to viable businesses resulting in multiple closures throwing thousands of people onto the dole where they draw social welfare instead of contributing income tax in a double blow to the exchequer. The bank collapse and bailout is responsible for a large part of our budget deficit in addition to being the reason that we cannot finance that deficit through the normal channels.
ignoreland , the deficit could be reduced if politicans would get off the gravy train ,
Sligo county manager , lump sum 270k + 68k pa pension ,
add all these bullsh1t payments and pensions like above , plus all the expenses in political circles HSE etc
now all the money given to bondholders secured/unsecured, all the wasted money dumped in anglo ,
and well all the waste with the Quango’s/jobs for the boys on state boards salaries etc
anotherword ignoreland , utilizes the current tax take , its simple to do ,
they simply haven’t the brains . nor the balls , nor the desire , bunch of cowards
Ingoreland, you should know at this stage that these people aren’t interested in learning anything or debating in a reasonable manner. They’re just interested in moaning and complaining, red thumbing anything they don’t like and insulting anybody who tries to say anything that contradicts their tired narrative.
Finance 101 kiddies… Money used to reduce the deficit, reduces the countries borrowings that we otherwise would be paying off with interest out of future taxes.
The people WE elected, spent the money WE borrowed, to bail out OUR countries banks, which it it was OUR responsibility to do due diligence on and regulate prior to signing a guarantee which is a legal obligation to pay the debts of.
You signed your name to responsibility for those debts when you wrote Fianna Fáil on the ballot
Do steroids reduce your I.Q. ?
They certainly did in Andrew’s case to the point of meaningless babble
Poor b*****d I almost feel sorry for him
I think andrew must’ve dropped a barbell on his loaf earlier.
Lol… My IQ tests at 128 the top quintile
Lol.
“Lol… My IQ tests at 128 the top quintile”
Yet you don’t know how to use commas in a sentence……
Ah here lads, leave it oooot, Andrew is juiced a bit confused by the oids, his IQ IS 128, although what he fails to admit to himself is that it is 1+2+8= 11, which is more juvenile than quintile.
Recession Spancil Hill …verse 17
Thread softly now cried William Yeats
Your steppin’ upon me dreams
Tax on booze and children’s shoes
And taxin’ our homes, now it seems
Democracy flown, sold out for a loan
Bankocracy here in its place
300 “K”, gone to find a days pay
Its a fecin thunderin’ disgrace.
—————————————-
No EU Government has a mandate to tax Family Homes.
No EU Government has a mandate to transfer such powers from the citizens to the State.
No EU Government has a mandate to tax Family Homes.
It is also fundamentally wrong to levy a tax which does not take account of inability to pay.
It does not meet the Canons of Taxation requirement of a fair and just tax … which must be progressive.
You know you live in a dangerous country when political parties pass laws that give the state more power than the citizens.
Your Local TD (not the Revenue) will take the Local Property Tax from your
- pension
- pay
- bank account
- family when you die
Remember this when he/she next knocks on your door.
This dangerous law must be repealed.
Debate on how its spent … secondary.
—————————————————-
http://www.facebook/LocalPropertyTax
So, what are we all going to do about it? Everyone is suffering, everyone, well except the well off, as usual. So whats the plan of action? An all out strike in every city on the same day, reek havoc, close your bank accounts, don’t get any petrol, cigarettes, alcohol, don’t pay one bill that comes in your door, I am talking about every person in the country, everyone, pop that bubble and pay attention, there is more on the way, so much more and if everyone doesn’t STOP it now then ha, bad bloody luck to everyone of ya.
I see a lot of leftist whinging and hyperbole here, but not much in the way of reality.
Maybe the leftist infection and reality truly are incompatible.
Kenocchio.goonan.gimmee more
.these monsters ARE ….the bondholders..they all own bonds..they all bought into the bond culture of the celtic tiger..they and their friends ARE the mysterious bondholders we keep hearing about
He must think we a bit on the stupid side
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