Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

There is a wealth of analysis on the impact of property taxes on an economy as a whole. Normally, it is positive rather than negative. An increase in income tax, for example, would be far more negative. A property tax is applied on a fixed basis in that everybody who owns property pays unless he is subject to an exemption, for example. The data are available. The impact on individuals will be assessed in the preparation for the budget.

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