|
|
|
|
|
|
by Doubl
2446 days ago
|
|
|
USC a tax of 8% on all earnings before any deductions, such as pension contributions which is where normal income tax kicks in has been in place since the crash. It was supposed to be temporary but will probably never be repealed. That and having the highest mortgage rates in Europe in order to get the banks into profitability are how the ordinary people will be paying for this for the rest of their lives. |
|
|
That is not the case. Any EU bank can sell mortgages in Ireland. They choose not to because there is not a functioning property market. Homeowners who don't pay their mortgage can't be kicked out of their home by the banks and also those same homeowners just can't walk away and put the keys back in the letterbox.
The first reason being the most problematic.