MIKE SHEEHAN: Budget 2013 broadly in line with its predecessor

BUDGET 2013 has continued on a similar path as Budget 2012 with the introduction of further incentives for the SME and agri-food and farm sectors.

Certain measures have been introduced which could be perceived as being aimed at the wealthy, however some may consider that the minister has not gone far enough in targeting those who can afford to pay the most.

There is clarity in the minister’s speech on the detail of the much speculated property tax. The new “local property tax” will be administered by the Revenue Commissioners with the funds earmarked for the local authorities.