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NORTHERN IRELAND’S finance minister has said the Republic of Ireland is “stealing” tax revenues from the British government – and wants London to demand changes in Ireland’s tax system in exchange for its bailout loans.
Sammy Wilson has said the decision of the UK government to lend billions to Ireland, in a bilateral loan alongside the EU-IMF rescue package, offered Britain enough of an opportunity to demand changes in the Irish corporate tax system.
“My view is that the British government does have some leverage on the Irish government, because they have a £7.5 billion loan,” Wilson, a member of the Democratic Unionist Party, told the BBC’s Sunday Politics.
“They should be saying to the government in the Republic, ‘You cannot steal tax revenue from us in this way’ – and that is, in fact, what has been happening,” he added.
Wilson overstated the extent of the bilateral loan from London to Dublin – a law enacted in Westminster to give effect to the loans limited any lending at £3.2 billion (€3.76 billion), of which £2.42 billion (€2.85 billion) has so far been lent. Those loans are due for repayment in 2019 and 2020.
The Republic’s junior finance minister Brian Hayes, speaking on the same programme, said it was up to other countries to change their own tax laws if they wished to stop companies headquartered there from being able to avoid tax.
He said the notion of Ireland being a tax haven was “put out there by countries, I suspect, who are looking to the success we are making of this country in terms of inward investment.”
He added: “It is not Irish law that is at stake here: it is other jurisdictions, with their tax law.”
Tax avoidance by multinational companies is one of the three main items on the agenda for the G8 summit taking place in Northern Ireland, at the Lough Erne resort outside Enniskillen in Co Fermanagh.
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Council think it will have no negative impact?
They’ve clearly not lived near students who love to party. Especially not fun when you have to be up for work!
@Barry: There article said that antisocial behaviour was out of the scope of a planning application. The ‘no negative effect’ was in relation to the building, not the occupants.
@Barry: they actually come down hard on having parties within Trinity Hall, previously you were allowed one over-nihht guest who had to be signed in prior to 11PM and couldn’t re-enter after that, prior to 11 it was 3 guests who had to be gone by 11, at least those were the rules a few years ago.
Hence, parties on site aren’t the issue, coming and going to off-site parties could be an issue however
Have rent caps been considered in terms of this development. University rents are notoriously overpriced fuelling rent increases in the general rental market.
@Chris O’Connor: Trinity only made a net profit of circa 10 million on student accommodation in 2018, so little chance they will support your view
https://www.irishtimes.com/news/education/why-should-students-living-at-home-subsidise-those-living-in-campus-accommodation-1.4183312
No different to Temple Bar at weekends prior to Covid…. Smell of urine and vomit overpowering, empty cans and bottles, discarded food containers…. You know… The usual… But that was acceptable because the Pubs were creaming it. Now the ball is in a different court…..
Delighted. Temple road is still one of the quietest streets in Dublin. Plenty of room in the area. Students are largely very respectful in my experience.
Trinity should be ashamed of themselves being associated with this disaster of planning
No argument that the vast majority of students are respectful of local residents, but it only takes a few to cause mayhem. The college needs to take a no-tolerance approach to antisocial behaviour. One strike and your out and no return of deposit which should be donated to the local residents association. When mumsy and pop have to fork out a second time I’m sure the ground rules would be explained more forcefully.
Gasly shower of individual’s.
@Peter Bell: You’re not a Trinity graduate yourself?
@Peter Bell: It is usually the ghastly old fart’s who are gasly, especially those who use an apostrophe in a plural word.
The story had significantly less to do with UTIs than the headline may have led one to expect….
have your say