Archive for April, 2006

Channel 6

I just read on Dave’s Rants that there is a new Irish TV Channel called Channel 6, the name reminds me of the Teenage Mutant Ninja Turtles “April O’Neill, Channel 3 News”, ok a different number, but it reminds me of it nevertheless ;)


I used to deliver letters in a previous job and would often have to do some research on the web to find addresses, so I’m not too impressed by any business that doesn’t have a physical address on their contact page, also the Channel is not available on VHF/UHF.


But these days most households have Cable or Satellite so reception should not be an issue.

There isin’t any news, but the channel is showing Star Trek the Next Generation which makes up for any negatives.
For more information have a look at wikipedia. Continue reading ‘Channel 6′

Loremo to produce a 157mpg car

Loremo AG (Munich, DE) introduced their fuel efficient car “Loremo” at the Geneva Motor Show last moneht.


Founded in 2000, the company developed the car to be light-weight and aerodynamics. This petrol ca can manage an impressive 157 miles per gallon (1.5l per 100km)


Unlike other companies efforts the car does have a fine top speed. The base model “Loremo LS” is powered by a 2 cylinder 20 hp turbo diesel engine that will reach a speed of 100 mph and the GT model will reach up to 135 mph with a 0 to 60 mph acceleration of 9 seconds.


While this sounds marvellous the stumbling block for environmentalism is usually cost. Loremo say the LS will be EUR 11,000 and the GT for EUR 15,000, which sounds resonable but VRT will bring up the price in Ireland of course.

img Continue reading ‘Loremo to produce a 157mpg car’

UCC Bloggers

Mulley has compiled a list of bloggers at my alma mater of UCC.


I’m sure those listed will enjoy increased traffic from his link. I’ll send a few visitors their way also :)


Cian
Karole Cuddihy
Steven Day
El Commandant P
Stephen Spillane
Eoin Winning
Bob Heffernan
Karol
Jason Kelleher
Fiona De Londras
James Galvin
Damien Mulley
Donal O’Caoimh
Gavin Sheridan
Continue reading ‘UCC Bloggers’

Road deaths in Ireland

There is a fascination with road deaths in the Irish media. Almost every day a higher figure is quoted, and compared with “this time last year“. The figures invariably increase.

So a problem does exist, and it is getting worse, but how can it be solved? Well that is another story, it is very easy to identify a problems and to talk about it, but solving it requires action.

The government talk about “excessive speed” and “drink driving”, both of these are certainly contributors and due to bad drivers, the government would like to “crack down”, an admirable idea, and I’m sure they would enjoy the monetary speeding fines generated in such a crack down, indeed the extra penalty points on the respective drivers licences will ensure the government’s two percent insurance levy kickback will be higher.

But what about the other causes of road deaths, as a driver without any political connections I can consider these with some authority and independence, from the ground. I believe that poorly surfaced roads, and inappropriate speed limits are to blame for many accidents. The margin of many roads are in a terrible state of repair, so cars are forced to drive more towards the centre line of the road then the margin, and because this isin’t an occasional oversight by the local authorities roads department, both sides of the road are equally bad, so opposing traffic has a higher chance of colliding. Now on to inappropriate speed limits, lets look at the classic example, a sensible 50kmph limit exists in in an urban town or village, but for some reason the limit continues for some distance into the countryside. A classic example is found in Co Cork. On the Ballinhassig to Five-mile-bridge road. After leaving Ballinhassig heading West for the latter area the 50 kmph stays in force. While theorists may argue a slow limit would reduce accidents, empirical research disagrees. Drivers who have somewhere to go will accelerate and pass slower cars in the zone, or if unable to pass in the zone they will pass soon afterwards with an understandable agressiveness. One wonders if the limit exists as a cash cow, where the traffic corps can enjoy fish in a barrel revenue collection?


What is the solution?


Well putting up Accident Blackspot signs is a favourite…
blackspot.jpg

as is lowering speed limits…
ballinhassig.jpg


But how about surfacing roads properly?
Continue reading ‘Road deaths in Ireland’

Vehicle Registration Tax in Rip off Ireland

Like every country in the EU, we pay VAT on purchases. The rate varies within the union, in Ireland the standard rate is 21 percent. However, when it comes to motor cars the Irish Governement departs from the EU template and imposes an additional tax.


It’s called Vehicle Registration Tax (VRT) and is payable not at the time of purchase, as such a tax would contravene EU regulations, rather it payable on first registration of a car in Ireland.
So while it is possible to buy a car and not pay this tax it could not be driven on a public road or even resold, a sneaky tax indeed, both in existance and implementation.


There are no loopholes or tax avoidance methods. Even if you personally imported a new car from abroad once it arrives here you’ll have to register it, and in doing so pay the VRT. The VRT calculated as a percentage of the cars value. Not necessarily the price you paid but rather on a price supplied by the Revenue Commisioners called the Open Market Selling Price (OSMP). So even if you bought a second-hand Toyota Landcruiser from a abroad, lets say from friend in Japan who sold it to you for a token EUR 1, you’d still have to pay about EUR 2,000+ to the Revenue Commissioners.


You’ll remember I mentioned the VAT on all purchases, and then went onto to VRT, one might have considered these to be mutually exclusive, but actually VAT is applied to the post VRT OSMP, a double tax.


Now lets get back to tax avoidance. If the Revenue Commissioner are happy to dissect EU regulations and dance around the boundaries, then I would be happy to do the same to VRT. After soe research I found out that VRT on “large vans”, “lorries” and “tractors” is a flat EUR 50,
but I can’t imagine driving a fuel thirsty large van, even unladen, would cancel any saving, plus parking would be a nightmare. Fortunately there is another exception for the smaller vehicles “Small vans” “pick-ups” and some “four-wheel-drives” these are charged at “resonable” 13.3 percent of the OMSP. So I could import that Landcruiser from my friend in Japan after all. Continue reading ‘Vehicle Registration Tax in Rip off Ireland’

Signs that a company is about to go bust

  • The constant stream of new dell boxes in the corridor dries up
  • Adsense appears on the homepage
  • Employees start wearing interview suits, and taking long lunchbreaks
  • Employees race from the office to the nearest bank to cash their paycheques
  • People actually start going to the weekly meetings
  • Crates of logo festooned biros start appearing on ebay

Continue reading ‘Signs that a company is about to go bust’

Flintstones Cigarette Commercial

It sounds unbelieveable but back in the 1960s, and thereabouts, tobacco was actually advertised on TV, and as was the fashion back then adverts were openly spoken about by the characters within the program.


Programes were often named after the product, and the host was a suffix, for example the Lucky Strike Program starring Jack Benny. (Lucky Strike was a brand of cigarettes in the US, you might recall its slogan of Lucky Strike Means Fine Tobacco, or LSMFT)

Well, back to the flintstones, the sponsor was Winston cigarettes and here is the clip


Continue reading ‘Flintstones Cigarette Commercial’

How to avoid cheque stamp duty in Ireland

Would you like to save EUR 0.15?

If you are a full-time student or senior citizen you can enjoy free banking from AIB, and Bank of Ireland, this is advertised as referring only to bank fees, and not government taxes, so you must still pay stamp duty on plastic cards - currently ATM card EUR 10pa, Debit Card EUR 20pa, Credit Card EUR 40pa. However because the banks are trying to wish away costly transactions in favour of electronic online banking none of them refers to specifically to bank drafts. These negoitable instruments, within the meaning of the Cheques Act, 1959, attract a bank fee of about EUR 3.75 at the counter for personal customers, and EUR 0.00 for free banking customers, but they do carry a government stamp which costs the Bank EUR 0.15. In practice however, none of the Banks charges this to the free banking customer.


Personal bank customers who do not enjoy free banking will be delighted to hear that if one has a credit union account it is possible to withdraw funds at the counter in the form of a cheque payable to a specified party, the unions do not pass on the EUR 0.15 to the customer. Continue reading ‘How to avoid cheque stamp duty in Ireland’

Cheque stamp duty in Ireland

Cheque usage in Ireland represents 56 percent of total non-cash transactions by value, or 33 percent by volume according to an Information Society Commission report (2003). This compares with EU-15 averages of 7 percent and 16 percent respectively.

This high usage is likely a reflection of the success of the economy, and will thus plateau and decline at some point. Interestingly in Ireland a “stamp duty” of EUR 0.15 is charged on every cheque. This is payable in advance to the issuing bank who collect it on behalf of the Revenue Commissioners.


The stamp, which is actually printed, is visible on the cheque as a harp in the end left corner with some Irish language text surrounding it.

Stamp duty on cheques is unusual in a European and indeed International context.

It is noted that there is not a unified cheque clearing system in the Eurozone. The reason given for a lack of action is that the declining use of cheques therein makes its creation uneconomic. There is truth to this, indeed it has not been possible for personal account holders to even get a chequebook in Finland since the mid 90s. Yet I consider there to be another reason for the lack of action. Should such a system be created it is likely that no additional charge would be made for processing a cheque from another eurozone country.

This would result in heavy Irish cheque users (primarily businesses) opening accounts in other countries to avoid the Irish EUR 0.15 duty. These accounts could be loaded with funds using free euro credit transfers from online banking.
Continue reading ‘Cheque stamp duty in Ireland’

Celtic Tiger closes city shops

Please excuse the tabloid headline, here is a more acacemic one I was going to use “Brownfield sites in contemporary Ireland, a brief consideration”

There is much talk in Ireland about farmers selling greenfield sites to property developers for residential units. The reasons are numberous and seem to centre on the EU “decoupling”. But what is more interesting is whats happening to brownfield sites. I’m not referring to UK style post-industrial sites, of which Ireland doesn’t have many, so rather I’m referring to commercial sites in cities and towns.

  • The property, or more likely the land is stands on, is worth more than the annual turnover of the business
  • The business can no longer get staff to work at economic rates (even if mimimum wage staff are found they will later move on)
  • The business is subjected to increasing costly legislation (much of it worthwhile, but still costly)
  • The owner is close to retirement age and would like a nest egg (his existing pension won’t return or that much)
  • The population of the area is being forced out beyond even the suburbs by the price of property, so businesses reliant on a local catchment area see decreasing trade (like service stations, small shops)
  • The Internet allows customers to bypass the high street shop for ebay (these are cheaper because they aren’t renting prime retail space)
  • Retail outlets in the city center pay very high rents, which means only businesses that selling high-margin products can afford locate there (entertainment, mobile phones, fashionable clothing, and shoes). Existing leasehold businesses in other sectors, which may have been there for decades, find it hard to pay these rents and are forced out.
  • Parking is expensive, and sometimes impossible, in the city center so shoppers head to out of town shopping centers with plentiful free parking.
  • Banks lend to the developers to build houses
  • Banks lend to the people to for house mortgages
  • People borrow money based on the increased value of their house to fund imported goods such as large televisions, and other electronics which imported from Asia
  • Borrowed money is flowing out of the country into foreign property as even the rich can’t afford holiday homes in scenic Ireland.

Continue reading ‘Celtic Tiger closes city shops’


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