herald

Monday 20 May 2013

Mansion tax won't ease Budget fear

THE bulk of Budget 2013 appears to have been agreed upon, but not without some serious tension between the Coalition partners.

Much of this has centred on Labour's proposal to raise the universal social charge for high earners, against Fine Gael's push for a 3pc cut in social welfare payments.

The argument over the two issues was reportedly the most divisive issue since the Government was formed, and was only settled last weekend.

A compromise, of sorts, appears to have been reached by way of a so-called 'mansion tax', an increased property tax on residences worth more than €1m.

The success of this move remains to be seen, as an accurate figure does not exist at present for the number of such homes.

The issue is something of a smokescreen for ordinary families, however, who remain in fear of the cumulative financial hit coming their way on Wednesday.

Opinion

Entertainment News

the beatles

The Beatles started a revolution back in the USSR

If ever a band has been well served by the literary world it's The Beatles. Practically every aspect of that revolutionary body of work has been dealt with in book form... or so one would have thought. From Hunter Davies' The Beatles, through Philip Norman's Shout, Bob Spitz's humongously detailed history and Ian McDonald's brilliant Revolution in the Head, which offered a musical and contextual analysis of every song they ever recorded, surely there's nothing left of interest to diehard fans of the Fabs. Well, think again.