Wednesday, 11 April 2012

News from Italy regarding Tax Revolt in Ireland

Further discussion of  our tax revolt. A google translation of the original Italian. This comes as protests are expected against the Labour party in Galway on Saturday.

http://www.controlacrisi.org/notizia/Conflitti/2012/4/4/21340-il-debito-non-lo-paghiamo-in-irlanda-e-rivolta-fiscale/

In Ireland, tax revolt. Thousands of Irish people took to the streets Saturday to protest against the new austerity measures and tax increases. And the new tax on the house was returned to the sender by half the population.

The rope broke. While we are witnessing the collapse of housing prices, the bankruptcies of companies and banks, and rampant unemployment and poverty, the people of Ireland have decided to try to break free from the blackmail of the financial economy that has put on their shoulders a loan of ninety billion of dollars in IMF and EU.

Hundreds of thousands of people now risk fines and potentially end up on trial. This is to all effects of a fiscal revolution that could disrupt the government's strategy aims to boost development of the economy and make it even more difficult to implement the new austerity measures.

Among the slogans emblazoned "I can not pay, they'll pay. '" "When the bankers pay, then we will pay." Opponents of the tax, says the rate is identical for both the wealthy and for the most 'poor. The outrage is fueled by the general perception that an elite group of bankers, politicians and realtors ultra rich has destroyed the economy and have not yet paid a penny and without having received the punishment he deserves.

The introduction of charges against the family was met with a campaign launched against political activists and even small communities, who urged everyone to boycott the new tax. Given the success of the initiatives, must surely have stimulated a nerve.

What's more, everything 'is happening while the country prepares to go to the polls in a referendum on Fiscal Compact. Any rejection of the new covenant of the EU budget May 31, when it will stage the popular vote, would lead to flight of foreign investors needed for economic recovery of the island. According to a recent survey, 49% of respondents declared himself in favor of the treaty, 33% disagreed while 18% and 'undecided.

The objective of the executive coalition between Fine Gael (EPP members of the centrist nationalists) and Labour is to lower the debt ratio to 10% of GDP in 2011 and pay back the debt.

According to the Irish Minister for Finance, Michael Noonan, is to continue "Building confidence in Ireland", stressing that the concern expressed this week by a Chinese sovereign wealth fund investment opportunities in the island than there would have been "If we were not fully involved in the Eurozone."

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