What a draconian and arrogant idea this is…
“The tax on second properties in the Irish Republic should be increased by the Government and all monies raised by it should be shared between central and local government, Chambers Ireland said today.
The organisation, which represents over 12,000 businesses across the country, said the €200 levy on second properties, introduced in the Budget in October, should be increased to generate revenue and help offset the recent collapse in tax revenues. This would incentivise both parties to adopt strong collection and enforcement policies while also reducing cost pressures on business by providing alternative revenue streams to local authorities,” Chambers Ireland chief executive Ian Talbot said.
Why should property owners be punished to help falling tax revenues? Will this not simply further accelerate the collapse of property prices? I cannot see how increasing taxation will help anyone and I think this is a daft idea.