[Evaluation of the Commission on Taxations Proposals]

by

Acknowledgement

I would take this opportunity to thank my research supervisor, family and friends for their support and guidance without which this research would not have been possible (Armstrong, 1991,, 1).

DECLARATION

I, [type your full first names and surname here], declare that the contents of this dissertation/thesis represent my own unaided work, and that the dissertation/thesis has not previously been submitted for academic examination towards any qualification. Furthermore, it represents my own opinions and not necessarily those of the University (Armstrong, 1991,, 1).

Signed __________________ Date _________________

Abstract

The purpose of this study is to utilize prior research in Ireland Congressional politics, the accounting/state relationship, and corporate political activity to analyze corporations' political activities during the development and passage of the 2009 Commission on Taxation Report. Tax, a mere three letter word is capable and does bring about tension on faces of people. We come across quite a lot of people who prefer not to understand the term for the simple point that it is complicated. So it is necessary that we know what tax is, before getting into other things. In simple words or to say in a lay man's language, tax is nothing but the payment made by a person (individual, firm, company, trust, etc.) to a regulatory authority, i.e. the government. It could be either the central government or the state government. Tax is divided into two types - direct tax and indirect tax. Direct tax is the tax which is paid directly to the government; e.g. Municipal tax, Income tax, etc. Indirect tax is also tax paid, not directly, but indirectly. Some taxes are imposed for social and economic purpose e.g. The highest rates are imposed for the purpose of reducing very large incomes. Taxation has often been increased in order to reduce purchasing power to check the demand or has been reduced to stimulate demand.

Table of Contents

ABSTRACT1

CHAPTER I: INTRODUCTION4

Introduction4

CHAPTER II: LITERATURE REVIEW8

Theoretical development8

Property, carbon and Water tax9

The Income Tax Act28

The role of property taxation29

Background to taxation in Ireland29

The Commission on Taxation30

Double dividend theory31

Property Tax31

Forms of Property Tax31

Carbon Tax32

Why A Carbon Tax?33

No Tax Increase? How?34

Water charges34

Water rates and RV rates36

The Dublin Statement36

CHAPTER III: METHODOLOGY38

CHAPTER IV: FINDINGS & DISCUSSION40

Annual Property Tax (APT)41

Stamp duty reform41

CGT on windfall gains42

Recurrent tax on zoned development land42

Commercial rates base42

Summary43

Carbon Tax45

Summary46

Water charges46

Summary46

CHAPTER V: CONCLUSIONS AND FUTURE RESEARCH49

REFERENCES56

Evaluation of 2009 Commission on Taxation Report

Chapter I: Introduction

Introduction

Ireland made various amendments to the tax system to alleviate its budget deficit. The various measures will help raise the estimated revenue in 2011 by approximately ISK 8 billion, and by 2 percent of GDP between 2009 and 2011. Some of the measures were recommended in the 2010 FAD report. The government of Ireland's decisive actions to cut its fiscal deficit will increase primary revenues by 2 percent of GDP in 2011 compared with 2009. This substantial increase is particularly impressive in light of the economic downturn suffered in the wake of Ireland's financial crisis. The IMF estimates that primary expenditures have also been reduced by about ...