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THE ELECTION IS only days away and soon the focus will turn to government formation, at which time potential coalition partners will have to start talking.
This will likely involve parties having to compromise on some of their policies, but one of the areas where this may be difficult is in the fundamental area of tax.
In the final week of the campaign, Taoiseach Leo Varadkar has made a specific effort to focus on tax.
Most parties are pledging that most people will pay less in tax but what exactly is each party saying about personal taxes?
Here are some of the main pledges.
Income tax
Fine Gael wants to raise the entry level of the higher rate of income tax, so that individuals only get taxed at the higher on income above €50,000. The party says it will do this over the next five years from the current entry point of €35,300.
In a video he tweeted on Monday, Varadkar said: “A single person earning as little as €36,000 or €37,000 is liable to pay the highest income tax rate and we want to change that.”
Fianna Fáil also wants to raise the entry level to the higher rate but its proposed change is smaller, raising the entry point to €38,300 for a single person and €76,600 for a married couple’s combined income.
In its manifesto, Sinn Féin says “only the top 3% of individual earners will see any increase in their net income tax” but the party does not detail specific changes to the standard income tax bands.
Sinn Féin says also says it will “taper out tax credits on individual incomes over €100,000 to €140,000″.
Fine Gael, Fianna Fáil, Sinn Féin and the Greens all make the same pledge to raise earned income tax credit for self-employed people by €1,650 to match it with the PAYE tax credit.
Labour says it will “widen income tax bands to prevent inflation” and will “withdraw income tax credits on high earners with incomes over €100,000″.
The Social Democrats want to ”increase the minimum effective tax rate of persons earning more than €400,000″.
USC
The Universal Social Charge was introduced in late 2010 as a levy taken from people’s wages to plug the gaping hole in the public’s finances.
Its introduction was to be temporary and the rate has reduced in recent years - but there was no change in the most recent budget.
The first rate of USC is 0.5% and only kicks in on someone’s income above €13,000, Fine Gael wants to raise this to €20,500 while Sinn Féin wants to increase this exemption to €30,000.
People Before Profit says USC should not apply at all to incomes under €90,000 and that there should be “a high-income charge for those over it”.
The third rate of USC kicks on income between €20,484.01 to €70,044 and is charged at 4.5%, Fianna Fáil has said it will reduce this to 3.5%.
Labour states that it “will not raise USC” while the Social Democrats make no reference to it in the party’s manifesto.
‘Wealth tax’
Sinn Féin is promising to introduce a 5% high income levy on individual incomes above €140,000 and also wants “a wealth tax for the wealthiest 1% in the State”.
The party says this would apply “a rate of 1% on the portion of net wealth held over €1 million with a number of exemptions including farms”.
The Green Party also mentions a wealth tax in its manifesto, saying this would apply on individuals “holding assets over €10 million”.
People Before Profit also wants similar and is pushing a new tax band for “single tax cases earning over €100,000″.
The Social Democrats does not necessarily suggest a new tax but says it would “increase the minimum effective tax rate of persons earning more than €400,000 per annum”.
Labour says it will progressively withdraw Income Tax credits on high earners with incomes over €100,000.
Carbon tax
Carbon tax was increased in the last budget to reach €26 per tonne. For home-heating fuels, it will kick in from May 2020.
The aim of the tax is to reduce carbon emissions and encourage people to change their behaviour.
The Green Party is in favour of a gradual increase of carbon tax over 10 years to reach €100 per tonne, with the parting saying there should be a mechanism to return revenue from carbon tax back to citizens through social welfare and tax credits. A similar model was adopted in Canada last year.
Fine Gael also says that carbon tax should be increased gradually but its policy is to increase it by €6 per tonne per year until 2030, bringing it to €80 per tonne. The party says it will “ring-fencing €6 billion” of the carbon tax collected in that period for climate action projects.
Fianna Fáil makes the same pledge as Fine Gael on carbon tax, saying it is a “proven mechanism to change behaviour” and also promising to ring-fence the income.
Sinn Féin disagrees with the three above parties, pledging not to raise carbon tax at all. The party argues that it “is a regressive tax” and “will not make the state greener or cleaner”.
The ESRI has previously said that while carbon tax “could have adverse impacts on GDP, inequality and household income”, a system can be designed so that lower income households are actually better off.
The Social Democrats says that while it “supports the principle of a carbon tax” it must be designed “to incentivise people to change their behaviour”.
People Before Profit also suggests that carbon tax be removed, saying it should be “on the big polluters, not on ordinary people”.
Local Property Tax
The Local Property Tax (LPT) first came into effect in 2013 and is a tax paid based on the market value of a property. The rate paid is 0.18% on the value of a property and the valuation is based on valuations from 2013.
Properties worth more than €1 million are assessed on the actual value at 0.18% on the first €1 million and 0.25% on the portion above €1 million.
Last year it was announced properties are to be revalued for the purposes of the tax on 1 November 2020.
In its manifesto, Sinn Féin says that it will abolish the LPT completely. The party estimates the cost to the exchequer of this move at €485 million per year.
The party, however, also plans as “second home charge at a rate of €400″ which it says will raise €104 million.
Fine Gael says the LPT should be reformed so that local councillors have more discretion to change the rates in their own area. The party also says it will legislate so that “money raised locally is spent locally”.
Fianna Fáil says that the LPT system should be completely reformed so that the rate is set based on local CSO statistics and not the across the board rate of 0.18%. The party says it will ensure that homeowners will not face “significant increases”.
People Before Profit also wants to scrap the LPT on family homes and instead pledges to introduce a “millionaire’s tax” that taxes assets valued at more than €1 million at 2% each year.
Neither Labour nor the Social Democrats mentioned the LPT in their manifestos.
Corporation tax
One of the only areas where all of the major parties agree is on corporation tax. All of the parties in the Dáil want the rate to remain at 12.5%.
Several parties, however, including sentences in their manifestos saying that efforts should be made to ensure companies pay at that rate.
Labour also wants the rate to remain at 12.5% but says it should be lower for companies locating in disadvantaged regions of the country.
Sugar Tax
Some parties have also pledged to expand the sugar tax, which sees 30 cent per litre added onto sweetened drinks that have over 8g of sugar per 100ml.
Labour says it will extend it “to more processed foods”. Similarly, the Social Democrats is also pledging an increase in the tax and the introduction of a “Snack Tax”.
The Green Party also wants a levy similar to the sugar tax introduced on palm oil.
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First world tax rates for third world services. I can’t see much of a change in the tax situation post election no matter who is elected.
On a side note. The Irish Independent is gone into overdrive with its anti-SF stories this morning. It is pitiful to see.
@David Corrigan: Its a toxic rag devoid of any moral compass…..gutter press at its finest. We need a party who will take on the vested interests, the only party I can see doing this is SF to be honest….FFG are in the pocket of big business and are only happy to see them take every last cent off you.
@David Corrigan: pitiful but not surprising. FF FG are needed in power to keep the big fleece of the ordinary tax payer going
@David Corrigan: It is a blue shirt rag and it’s only preaching to the converted. Its sales have plummeted.
@Derek Lyster: Why is there such a political consensus in regards to corporation tax? The public have been completely brainwashed. As long as big business are allowed to keep 87% plus of their profits, then it’s inevitable that working by people are going to have to plug the holes. Then when you take into account the €16 million we fork out every single day to service interest charges on the bank debt, it quickly becomes very obvious why the average working person in Ireland is always going to struggle to survive. We’re being taken for fools.
@james dimaggio: And if we were to introduce a corporate tax rate that was unattractive to multinationals, and they decide it’s cheaper to move elsewhere, how many jobs you reckon would be lost as a result?
How many new companies do you think would choose Ireland going forward?
The corporate tax rate keeps us competitive and is a big reason we have all this employment to begin with.
@David Corrigan: blue hugh and Philip Ryan are in overdrive. Hugh of course used to work for the journal. Was and still is FG
@james dimaggio: the only thing i disagree with there is the 87% figure, lots are only paying single figure corp tax.
@Peter Hughes: For sure. I couldn’t believe the headlines and yarns in that paper this morning. Pure and utter nonsense.
@Derek Lyster: The panic in those circles is very real now.
@Derek Poutch: They are in overdrive this morning with their rubbish stories!
@james dimaggio: While there is consensus over keeping the Corporation tax at 12.5%,SF are going to close some loopholes:
:’End the Corporation tax break for banks (exempt for over 20years)
:Tax intangible assets on-shored by multinationals.(Note this Government had legislation to do the same for on-shored multinationals here after January 2018(with 80% cap instead of the 100% exemption!)but didn’t follow IFAC advice re those on-shored between 2015-2017.SF would follow IFAC advice to do this!
@Gavin Conran: that doesn’t effect lots of commentators on here as they only be worried of social welfare rates get cut.
@David Corrigan: good. I hope they work. A correction to the SF claim on taxation. They will increase tax on anyone earning more than 100k because they will reduce their tax credits!
@james dimaggio: facepalm!
@Gavin Conran: Gavin,this Government already brought in changes in taxing profits of intangible assets on-shored here from January 2018,how many multinationals have left?SF just would follow Irish Fiscal Advisory Council advise to include those on-shored 2015-2017!
@Gavin Conran: If that’s what you believe, then you’re obviously brainwashed too. Why do other countries tax company profits at much higher rates than we do and still manage to keep them? What’s so different here? The 12.5% corporation tax rate is liken to the holy grail by people in this country. I do understand that we had to offer something to make it attractive to set up shop here, however when this offer translates into working people suffering because of lack of money being spent on the things that matter, then you have to ask yourself if the sacrifice is worth it?
@Derek Lyster: I actually stated 87% plus in my comment. I’m well aware that some big multi nationals are only paying single figure percentage of their profits in tax.
@james dimaggio: they don’t get them in the first place. Why do you think France are going after our corporate tax rate. Companies won’t set up there and because of their politics they can’t reduce corporate tax so they want to force us to increase our tax rate!
Sinn fein thundering ahead with their policy of taxing anything that moves, or anyone who gets out of bed in the mornings.
The extraordinary factor of this election is that they have any support, even leaving aside their history and their involvement with gangsters. It says a lot about the other parties that sinn fein are seen as the only option for a protest vote.
@John Mulligan: It says it all about the other parties and especially FF, FG and Labour. Those parties have and never had any interest in working to make Ireland a better place for the people. That is very clear now in the peoples minds.
Ireland is currently a kip and there is simply no getting away from that. We have great schools/colleges, smart people and a good worth ethic. We can do so much better as a country if the resources were managed by people who know what they are doing.
@David Corrigan: We’ve full employment. And an extraordinarily generous welfare scheme when compared with anywhere else in Europe (https://www.irishexaminer.com/breakingnews/ireland/report-gives-stark-warning-were-a-welfare-nation-862009.html).
@David Corrigan: yes we have great work ethic. And some get paid well for that work ethic. But SF want to penalise some just because they achieved . The message, work hard, achieve, but if you achieve too much we will take it off you and give it to people that did not achieve as much. ( note I did not say give to people that did not work as hard).
@Mark Kelly: about time someone mentioned this, obviously things are bad in areas but people need to get their heads out of the clouds, we live in one of the best countries in the world
@Forest Hump: For some but not for all. I agree with you that we live in one of the best countries in the world though not for the reasons your suggestion. We should be doing a lot better ALL of us.
@John Mulligan: Looks like Leo can have a sleep in after the election.
@Mark Kelly: politicians pay is well above the norm here also, should be cut by 30%.
@David Corrigan: si if you say they’ve been in power since the foundation of the state then who built all of our social housing, hospitals, roads, schools?
Oh yeah they did. That wasn’t for the good of the people was it?
Thankfully, given the last couple of days, Sinn Fein’s support will surely have plunged. To the 1 in 4 who were going to vote for them – don’t worry, they were lying anyway. They’ve increased the pension in the North and the North require £12 billion a year from Westminister just to survive. No thanks to bringing that here. They’d have just spent all their time trying to shut down the special criminals court anyway.
Regarding income tax, it’s pretty insane that over 1 million workers pay no income tax, and anyone earning over 35k pays 48% and rising. Losing half your pay on anything over 35k – I’ve lost all motivation to look for a pay rise. I don’t believe there’s anywhere else in Europe where 48% kicks in that early. Oh the burden of being a welfare state. Fine Gael’s idea to increase the threshold to 50k is the most sensible.
By the way, the way, the top 1% of earners pay 21% of all income tax already (up from 19% in 2015), so can we get rid of this leftie notion that the rich don’t pay? Yes corporation tax is 12.5% – but why don’t they mention the PRSI contributions for every single employee that these corporations also pay? That’s a hell of a lot of money. And given we have such insanely high tax rates on relatively low incomes, these corporations have to pay a higher gross salary anyway to compete with other countries.
@Mark Kelly: ask for pay rises in the form of taxsaver tickets, bike to work and tax free xmas bonus. We have all the tricks in my place.
The reason the left think the rich don’t pay is because they usually make their money at the expense of others, for example by ripping people off or underpaying their workers.
@Mark Kelly: I note voting, all empty promises, I pay taxes while banks and vulture funds pay zero a Finna fail and Fine Gael policy. After the election taxes will increase that’s always a given wheather stealth taxes or paye taxes.
@Mark Kelly:
The Irish Council for Civil Liberties, Amnesty International and the United Nations Commission on Human Rights,have all called for the abolition of the Special Criminal Court.
@Mark Kelly: “anyone earning over 35k pays 48% and rising.” Your statement is simply NOT true as lot’s of worker’s avail of pension parking at the lower rate of income tax (tax avoidance). All that you are doing is reading the manual and imagining that all that tax money is collected!
@Robin Tobin: AIB and BOI paid 1.4 billion in levies in last 2 years.
Tax the criminal vulture funds and banks, their tax free period should be up by now after 10 years, it would slow down homelessness too. It’s the state who picks up the tab after people are forced to leave their homes.
@The Equalizer: we own the banks of course… The Corp tax exemption was introduced to stop mortgage rates being raise even higher than they already are and to ensure the banks recover more quickly. Tax the Banks sounds terrific. Except for the fact that our ownership of the banks drops accordingly with the tax paid to us and their need to improve their equity means tax the banks = increase mortgage rates. I thought we were against people losing their homes through more defaults.
@Ciarán Ó Fallúin: what banks do we own? We have a stake in AIB but that’s it AFAIK
@Ciarán Ó Fallúin: Cap mortgage rates and that sorts that out, we are already paying way over the odds which funds the billion a year profits for both AIB and BofI…….this pure an utter theft all given the green light by FFG as usual, stop your nonsense talk and call it out for what it is.
@Peter Hughes: ok, but the Banks are required to operate under Basle 3 liquidity rules. So if the source of additional equity expected (corp tax exemption) is removed, they still need to generate it, which can only really come from the customers. The removal of the corp tax exemption would increase their funding costs within the market too, adding further pressure to raise interest rates. We could cap them, but I honestly don’t know what happens then…. they can’t pay us less for deposits, so I guess they just stop issuing loans and restructure…. Again, I really don’t think that’s gonna be good for the consumer.
They’re all lying
@G.W.:
People talk about shadowy figures in SF. Yet there is no talk about the shadowy person or persons that have orchestrated a campaign of bias against SF in this general election.
This is denying democracy to, not just SF, but 25% of the electorate according to recent polls. The people engaged in this contemptible action – do they accept that their actions compare with the IRA or any other organisation engaging in their own beliefs irrespective of the fairness of their actions and the impact those actions has on society.
Engaging in unfairly influencing the result of an election is corruption. RTE are not an elected body. What right have they, to act on behalf of the Irish public? No matter how well intentioned, their beliefs are just subjective and not democratic. That arrogance is similar to that of the old IRA.
There is one major differance between the old IRA and the perpetrators of this unfair campaign of bias against SF, that is – The IRA were fighting for a ’cause’
- Those engaged in the unfair campaign of bias against SF are doing so for ‘greed’
Anyone with even half a brain knows SF is anti business and will wreck the economy…queue the comments from the lads with less than half a brain.
@Ro-your-nan: cue
@FecklessBear: haha
@Ro-your-nan: Are you still waiting in your queue?
SF Logic? A single income family on 110k will pay higher tax. A family with two earners both earning 90k each will pay less tax. Anyone explain this logic? Maybe that it will teach that demon 110k earner to be such a bad bad person. It’s all their fault everything is screwed in this country.
@John fitzpatrick: not to worry, they’ll abolish the LPT, our only wealth tax… With zero acknowledgement around how they raise the 500million a year that would cost the exchequer.
@Ciarán Ó Fallúin: but it’s costed????? ;)
So, all the main parties plan to make the basic need of heating our homes unaffordable. And we can see what the money is ring fenced for when we see huge sums being spent on social housing before their tenants will accept them.
Why are we still paying USC, screwed again! The banks get away with murder!
Amazing the FF want to cut Capital Gains Taxes that will benefit the Owen O’Callaghans of this world but not raise the higher rate threshold that would benefit the carpenters and sparks of this world. Who would come back and pay 52% on an overtime shift?
We need our tradesmen and nurses back from Australia and tax cuts should be focused on attracting them back, not handing out to developers and those who don’t deserve it
@Goban Saor: these are the very people that will build the houses that we need, these are the very doctors that will work in the hospitals and open up the gp services that we need yet the current and previous gov have driven them out of the country.
@Goban Saor: Every nurse or tradesman does not earn above the threshold for the higher tax rate so their overtime wouldn’t be taxed at the higher rate. Also where in Dublin are they going live? They are not going to return from Australia to live and work in Leitrim. As lovely a place it is.
Time for change.
I’m voting SF.
@Willy Mc Entire: want a recession? Vote SF.
@Ro-your-nan: who caused the last one? Who has ran up €200bn of debt? Who has stood by leaving thousands homeless? Who has let the health system get to the stage ut is at now?
@Ro-your-nan: NTMA said last year that chances of another recession was 100%!So urgent action needed to,while we can,to tackle serious issues in this country eg housing emergency which Government Advisory Group stated is a threat to the economy and competitiveness!That’s why there must be ambitious plans also for new forms of revenue,SF bringing in 15 new taxes and using €4B from NAMA as additional investment in housing!
Remember too that new OECD rules on digital taxes coming in , another reason why new forms of revenue needed.etc
@Derek Lyster: most of the 200b debt was run up meeting current expenditure not bailing out the banks. We had been over speeding based on building houses like we are doing now based on corp tax.
@james foley: Prof Mody said that new FG Government in 2011′blew the opportunity to get debt deal’ so banking debt permanently converted to sovereign debt spread over decades.
So far the costs of servicing debt is €60B!
@james foley: so the current gov have no idea how to financially run the country?
@Nuala Mc Namara: Forgot to add because Ireland has the 3rd highest debt per capita in the world after Japan and US,that also is a threat to the economy!
FG handled Brexit well in EU with all political party support so why didn’t they ask for a debt deal after 2011?
@Nuala Mc Namara: there’s no OECD rules on digital taxes coming in. It’s on all companies. Get your facts right
Also of course a recession is guaranteed, that’s how economics work!! Just SF will create it when the rest of the world is still prospering!
@Nuala Mc Namara: of course there will be another recession and that’s why we need the most business friendly, open economy and strong links with the largest trading bloc in the world so that the country can minimise the impact and ‘grow’ out of a recession so that wealth can be redistributed to all parts of society. SF policies pretty much go against everything listed and that’s why you should be careful what you wish for.
@Joe: Stephen Kinsella:’Sinn Fein has correctly identified intangible assets as a key resource for the Irish economy in the 21st century”&”This is an excellent idea that will result in some capital flight from the country no doubt but which will fund the Exchequer handsomely and help offset the inevitable loss of tax revenue from the introduction of new OECD rules on digital taxes”!My facts are correct!
@Ro-your-nan: SMEs account for 98% of businesses here & significant supports for them in manifesto.
Also no multinationals have left Ireland since other intangible assets taxes introduced in 2018!
@Nuala Mc Namara: MNC account for 20% of tax raised. They haven’t left yet as SF hasn’t wrecked the place yet with their inward looking, anti-business, anti-local authority, anti-EU policies.
The only thing we all know for sure is how both FF FG run the country. They have been doing it forever. What voters need to decide is do they want more of the same or do they want change.
All of the bluster and spin and whinging and lies is typical of what comes out at election time and we can all be sure that no party will deliver on all of their promises. One thing is for sure though, things need to change, especially for the ordinary Joe so who do you trust to try and make it happen?
@Derek Lyster: We’ve heard FG and FF debate impressively before re their manifesto pledges but then once in power reneagued on pledges so I don’t care who is impressive in Leaders Debate,I base my opinion on previous pledges broken once in Government and the ongoing crisis and National emergencies, ongoing high costs of living such as childcare, insurance,rents, highest mortgage rates, People here are been forgotten about in this GE except by SD,SF,etc,too much focus on the PAST for FG&FF when people , families, children here really suffering and struggling so much NOW and worried about their futures.
So voting for SF&SD for change because I trust them more and excellent manifestos and candidates!
@Nuala Mc Namara: The best way to secure your families future is to get a job. Sitting at home all day waiting for your dole & cribbing online that you don’t get enough from government isn’t going to get you anywhere. The sense of entitlement in a certain section of the population would make you sick!
@Melissa Mahony: Any intelligent comment to contribute?
I’m well into the higher tax bracket but my rent pains me more than tax. Only the mega rich pay more in tax than they get back in services. And at least my tax is staying in the country and providing useful services. FG only care about property owners!
@SC: The mega rich are tax exiles!
USC is 8% over €70K – means an effective tax rate of 52% and what for?
Pay service charge housing estate to keep tidy
Pay for rubbish collection
Private health and dental insurance
@Connachtabu: Effective tax rate less pension parking at lower tax rate = effective rate of?
@Daniel Kelly: Or a REAL tax rate of?
@Daniel Kelly: Here is the rules for the NON Government Employee on Pension Parking as you call it, is based on age and there is a maximum percentage you can pay as an AVC.
Eg someone aged 55 for example can put in 35% of their salary into their company or AVC pension BUT they will still have to pay USC on it, which at the higher rate last year was 8%.
There is also a ceiling of gross income €116,000. So you may not even be able to put in 35% if you have hit the 116K ceiling.
When you finally claim your contributory pension apart from the first 25% – (ceiling 200K) you WILL be taxed on it too.
State pension does not kick in till 67 or 68.
People working aged over 50 struggle to keep or get a new job.
If the money is not in private pensions many will all be on unemployment benefits.
@Daniel Kelly: Tax rules for the NON Government Employee on Pension Parking as you call it, is based on age and there is a maximum percentage you can pay as an AVC.
Eg someone aged 55 for example can put in 35% of their salary into their company or AVC pension BUT they will still have to pay USC on it, which at the higher rate last year was 8%.
There is also a ceiling of gross income €116,000. So you may not even be able to put in 35% if you have hit the 116K ceiling.
When you finally claim your contributory pension apart from the first 25% – (ceiling 200K) you WILL be taxed on it too.
State pension does not kick in till 67 or 68.
People working aged over 50 struggle to keep or get a new job.
If the money is not in private pensions many will be on unemployment benefits instead.
It’s amazing if you work honestly and pay all the government taxes and levies, your not entitled to anything except to work like a dog. If you don’t work and there are a lot people who have genuine reasons why they can’t work, but there are a lot of leaches in the system conning money out of the system for the own Gain. Someone who has worked all their life should be entitled to full pension and medical cover because they have worked and paid in to the system. Those people who haven’t shouldn’t be entitled to full pension and medical cover. This statement is simply about right and wrong. Honesty Fairness and justice
All this talk of rent reductions would only force a lot of private landlords to sell up, making a crap situation even crapper.
How about a tax relief for renters?
@Darren: SF manifesto has a tax relief plan for renters giving back €1,500&a rent freeze for 3 years.
Usual socialist angle taken by Sinn Fein and labour. Taxing anyone who earns over €100000 and €140000… why should these earners have top pay for people who look for social housing and draw the dole, PAYE in itself is a wealth tax, the more you earn the more you pay sounds fair enough to me. Can’t really understand how anyone sees Sinn Fein or labours tax manifestos to be beneficial. In Ireland €100000 isn’t mega wealthy… above average yes but not rich. Ireland should be a country where people are rewarded for their hard work and not just “taxed out of existence” to quote Michael Martin..
@Melissa Mahony: I just saw your comment now & am shocked at the lies you tell.Im a grandmother,a former nurse who helps her hard working family regularly with childcare.I own my own home as I’ve also told you before.
I’ve seen you several times in the past attack homeless people , people needing welfare supports ,etc on this comment forum,saying despicable things and being allowed to continue with your hate speech under a cowardly pseudonym.
You’re unable to debate decently like others can ,even if I don’t agree with them at times.I suppose all I can do is pity you
Basically 70% of people in the country are getting nothing to help the pay crazy costs in Ireland from FFG.. If you earn less than 40k FFG wont do anything for you
Anyone can see that everyone will have less in their pockets under, labour, social Democrats, and the greens, the social democrats haven’t even addressed the inequalities in the tax system, but they already said they would pump more taxpayers money into RTE , fairytale economics!
No surprise that no party is proposing to change the 12.5% corpo tax….
Like Dick Spring in 1992 – Sinn Fein’s Mary Lou McDonald didn’t see the bounce in time. #GE2020
https://combatarena.ie/like-dick-spring-in-1992-mary-lou-mcdonald-didnt-see-the-bounce-in-time/
@Combat Arena: Yip, even .5% increase would be oglf great benefit and have little impact to MNC investment here.
@D’oh: Yep. They all are terrified of the multinationals
@Combat Arena: If they even enforced the 12.5% rate we’d be laughing. It’s true those companies can leave, we shouldn’t be so reliant on them. Unfortunately with EU rules we can’t subsidise and build up our own industry like Germany and France and the UK did before the EU, and like China does now.
have your say