Ireland's "National Recovery Plan 2011-2014" was
released on 24 November last. The Plan is required to deal with
Ireland's current fiscal challenges and lays out a roadmap for
a return to sustainable growth in the Irish economy.
The Plan outlines fiscal adjustment measures of €15
billion over a four-year period. This adjustment is comprised of
substantive reductions in expenditure and some €5 billion
of taxation measures, principally involving taxes on individuals
and property, as well as indirect and capital taxes. Some of the
key tax measures contained in the Plan are summarized below. The
Minister for Finance delivered the 2011 Budget on December 7 and
this specified how the first year of the Plan will be
implemented.
