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Thu 09 Sep 2010Property tax makes sense - but voters hate it
Revenue from stamp duty has fallen dramatically and the time may be right for property tax – but pundits think it’s still unlikely to be introduced in this year’s Budget
WITH just €8 million now being collected on average each month from residential stamp duty, the case for replacing the current regime with a new property tax may never have been stronger. However, whether the political will exists for introducing a new tax on an already over-extended electorate remains to be seen.
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