IRELAND UNVEILS NEW AUSTERITY PLAN

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STORY: IRELAND UNVEILS NEW AUSTERITY PLANDATELINE: Dec. 7, 2011LENGTH: 0:01:18LOCATION: DublinPKGINTROIreland has unveiled more austerity measures in its latest budget.It's expected to be one of the toughest budgets yet for the bailed-out country, as Dublin tries to mend public finances.Let's see the details.PKGIreland on Tuesday announced tax increases and new charges to raise 1.6 billion euros for the second part of its austerity plan.In a speech to parliament, Finance Minister Michael Noonan says that income tax and pay-related social insurance rates will be left untouched, but value-added tax will be increased from 21 to 23 percent.According to Noonan, excise on a packet of 20 cigarettes will be increased by 25 cents. Carbon tax on fossil fuels will be raised from 15 to 20 euros per ton.He also says the government will introduce a 100 euro household charge and motor tax will be increased from Jan. 1.Capital gains tax will be increased from 25 to 30 percent and deposit interest rete
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