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BOTH FIANNA FÁIL and Fine Gael have rejected as unworkable proposals from Sinn Féin for a third-rate of income tax for those earning over €100,000.
In a debate on RTÉ’s The Week in Politics this morning, Sinn Féin Senator David Cullinane outlined his party’s tax policies, saying that the Government has a “clear choice” in where it makes savings:
There are a range of choices which we will outline in our pre-budget statement, these will include a third rate of tax as well as moderate increases in capital gains tax and capital acquisitions tax. The third rate of income tax would allow the Government to abolish the property tax.
Sinn Féin’s proposals have been costed by the Department of Finance but Fianna Fáil TD Dara Calleary argues that the cumulative effect of implementing all of the policies at once would lead to a “pressure” on the national finances that would be unsustainable:
We’ve looked at that pot of gold, we’ve looked at those higher earners and they’re not there, they don’ t have it. They are still paying top rates, they are still paying charges. We’ve done the analysis and its not there.
Calleary said that his party will not be “throwing out” policies they can’t deliver on, something he said the Labour Party did before the last general election.
Fine Gael TD Dara Murphy compared Sinn Féin’s wealth tax proposals to a “fairytale”, saying that its been shown that they will lead to money leaving the country.
“It’s been tried with disastrous consequences by Francois Hollande in France. The reality is that what Sinn Féin are proposing will effect more on middle income families,” he said.
Defending his Government’s record, “austerity is not the term to use,” he said.
“It’s about bringing Ireland in line in terms of what we spend and what we bring in ourselves.”
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Oohh Bang Bang sexy time
‘ The acquisition will boost Ascott’s €1.2 billion portfolio in Europe and bring us closer to our target of 10,000 units in the region by 2020.”
Jeez, where to start with this.
God help a business wanting to grow *eyesrolledtoheavenemoji
@Ryan Hardy:
That isn’t business, it’s Monopoly.
What’s your definition of a monopoly, Anything that has a portfolio bigger than any number you can comprehend ? Ascotts are in the halfpenny stakes when compared to others eg Apple’s 200 billion a year income … a feckin year ffs, not like Ascots piddling net worth of 50 billion
A great bunch of lads…
another fbd hotel gone
Me own u long time
That’s why the prices for food and drink are off the wall in Temple Bar! “GREED AGAIN”
You know the way the Irish get a bee in their bonnets at the suggestion of anything or anyone Irish being part of or from the UK?
Yeah you don’t really have the right to do that if you can’t tell the difference between Singapore and China. They’re not even neighboring countries.
Do you want happy ending
have your say