Yeah, I think thatâs nonsense and I donât see any of those in SF.
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But youâre not looking very hard.
You look very hard.
Ireland collects a grossly disproportionate amount of corporation tax, an issue regularly cited as an issue for the finances of the country. The bulk of that is from MNCs.
Yet at the same time itâs claimed that Ireland doesnât collect enough corporation tax.
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Would you agree that certain large MNCs donât pay enough CT?
You have to love how all of these parties contradict themselves daily.
I also love when they talk about the Irish economyâs distorted GDP and quote Leprechaun Economics from Paul Krugman one week, then moan about our spending as a percentage of that GDP the next.
Motorways & Low Tax
Ireland collects a disproportionate amount of tax from MNCs.
How much they pay globally is a different story.
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I think the contention is a lot of MNCs who are based in Ireland and make billions from the Irish operations, pay next to no CT in Ireland. Iâd see that as a major issue and one I could understand the anger from SMEs who have to pay the full whack.
We want rich Paddy with his kitchen Islands to take money rightfully due to Uncle Sam and Billy-Bob in rural Alabama.
Ah, Iâm a pussy cat really behind it all.
You can think all you like, but you are wrong.
Irelandâs tax take from corporation tax is grossly disproportionate. The majority of that is from MNCs.
Anyone who thinks Ireland âdeservesâ a 13bn windfall from the likes of Apple is a simpleton who wants to thieve from other countries. I can at least respect those who make arguments on a global tax equity basis.
Where MNCs have got away with it is in paying low Employerâs PRSI for a long time relative to our peers. That was a pro employment tax rate (and magically low taxes equalled high employment; who would have thought it). Given the high salaries in MNCs, we were lowballing ourselves. The Department of Finance have moved to rectify that.
The above is not as flashy as claiming free billions so doesnât get headlines.
I think the talent base across all the parties is very very thin and the job doesnât attract or reward critical thinkers.
Iâd put that on the electorate as much as the politicians to be honest. We get what we vote for.
They have an innumerate media who publish things without question to help them.
Thereâs a largely innumerate electorate who are happy to lap up any old soundbite too.
FF/G are a beaten docket if their supporters are turning on the electorate
Most people expect SF to be in government next time, the thing is though that they will need FG or FF. they are actually set up to disappoint next time out as the underlying performance doesnât match the reset expectations.
hopefully a coalition can be formed without either
Doesnât look like thereâll be the numbers and such a formation would be unstable.
And you donât see an issue with an economy reliant on MNCs?
An economy built on a house of cards where MNCs can set the rules and not the govt.
I know youâre a big pinstripe suit Wall Street wannabe but thatâs a very dangerous precedent for the economy. Itâs a consequence of lazy policies and governance from political parties that has created this.
Are the likes of Scandanavian countries, or the Dutch/Belgians/Germans as reliant on foreign investment and MNCs for job creation and tax base as Ireland are? Iâm not an economist but I doubt it.
Being as reliant on MNCs in terms of jobs, tax and other factors as Ireland are is a sign of very, very poor governance.