Irish economy

And for some who have been following the sombre mood of the Irish economy, these are the main points that were highlighted to raise €15bn to bring deficit down in the next 4 years. Will I be affected? We will see.

The National Recovery Plan 2011-2014 - main points

* €6bn of adjustments to be front-loaded in 2011

* An extra €1.9bn sought via income tax changes [INCREASE INCOME TAX.GET OUT OF THE COUTNRY NOW]

* Standard VAT rate to rise from 21% to 23% in 2014

* Entry point for income tax to fall to €15,300 – from €18,300 currently – by 2014

* Minimum wage to be reduced by €1 to €7.65 [KESIAN KORANG YG BARU NAK START AND
ARE ON THE MINIMUM WAGE!!.THANK GOD I AM NOT AFFECTED]

* Reduction of social welfare spending of €2.8bn targeted [PITY TO THOSE WHO WERE MADE REDUNDANT. THEY HAD TO DO THIS.  GOOD FOR FRAUDSTERS AND LAZY ASSES. BUT I HEARD THOSE GETTING SOCIAL BENEFITS MUST DO SOCIAL SERVICEs. ORANG MALAYSIA DAH KENA REDUNDANT, ADA KE DAPAT SOCIAL BENEFIT? TAKDE KAN??]

* Domestic water charges to be introduced by 2014 [LAGILAH MATSALLEH NI SEMUA TAK MANDI PAGI]

* Introduction of a site value tax in 2012
* Students' contribution charge to rise from €1,500 to €2,000 [DAHLAH KAU POTONG GAJI MAK PAK DIORANG, KAU NAK STUDENTS NI BAYAR PAKAI APA?]

* Reform of capital acquisitions, capital gains tax
* Pension-related tax changes to yield €700m [DOUBLE TAXATION IN AND OUT. KESIAN NENEK2 AND ATUK2 NAK KELURKAN DUIT PENCEN]

* Tax savings of €240m on public sector pension deductions

* Site valuation tax to be introduced

* Cut in public service staff by 24,750 from end-2008 levels to 2005 levels [ADAKE DIA NAK REDUCE GARDA BY 1500 PEOPLE. HELLO, KAU TAHU TAK CRIME RATE KAT SINI MACAMMANER?]

* Overall pay adjustments of €1.2bn by 2014 [GET OUT OF THE COUNTRY, NOW!]

* 10% pay cut, new pension scheme for new public sector entrants [NAMPAK GAYANYA ALL GOVT SPONSORED STUDENTS BALIK MALAYSIA KERJA LAHH]

In a nutshell, this country is going bust! I wonder how it is going to be for my company.