Budget 2012
On Tuesday 6th December, Finance Minister Michael Noonan provided details of the measures contained in the second half of Budget 2012 stating its purpose is to support the creation of jobs in the short term, the medium term and the long term and “get Ireland working again”. Todays announcement follows on from Minister for Public Expenditure and Reform, Brendan Howlin’s first half of Budget 2012 announcements yesterday detailing €1.4 billion in day to day spending cuts.
Minister Noonan highlighted the importance in restoring Ireland’s reputation abroad, regaining control of our finances and a renewed focus on fairness. While income tax remained untouched, a range of measures were introduced to help the Government raise much needed revenue. A number of actions have also been taken in an attempt to rejuvenate the Irish economy with the Government highlighting the role of the International Financial Services, SME’s, Banking, Construction and Tourism sectors.
Please watch a video commentary, read our Budget special Tax Flash, or our Budget 2012 Tax Facts & Figures which will provide a summary of the main talking points of Budget 2012, and you can review the full transcript via the Department of Finance.
Kind regards,
Aidan Byrne
Tax Partner
