Corporation tax receipts should be higher than what they are if we are charging 0.005% to Apple as opposed to the stated 12.5%. EU is not attacking our tax rate. They are only asking we charge everyone the same rate. Noonan appealing is typical FG policy. Screw indigenous companies but back Billy big balls at all costs. Cap doffing cunts.
Answer the question, you are lauding FF for the CT regime but criticising FG for maintaining it.
You donât have any understanding of how TP actually works, nor do you understand effective tax rates. The effective CT rate in Ireland across the board, and across the EU, is a good deal lower than the headline rates.
10 firms in Ireland paid 50% of our CT take in 2015. We need to broaden that base out, it isnât the large companies that is our the problem. We do very well from larger companies paying CT here when the wealth was not created in this country already. The next step for maintaining Irelandâs economy (for those actually bothered to work), is for a greater growth in SMEs. That we saw the largest number of companies registered at the CRO in 20 years last year is very encouraging and the Kaiser deserves some credit for this.
The big risks to Irelandâs economy right now is the ludicrous ideological attack by one EU commissioner on our tax system and Brexit. On the latter, one of main opposition parties in the DĂĄil is abdicating responsibility for helping both North and South so they can keep up their fairytales. I admire FF for appointing a guy to speak up on that matter who has pilloried the party before though.
The structures work because of US tax law. It is a tax/land grab by EU hence the White House immediate response the day of the decision.
cap doffing cunts for standing up to EU?
The Kaiser knows the importance of FDI and the importance of Apple and you are blind if you cannot see what the Commission are trying to do after years of complaining about our tax rates.
I do agree with you that political parties should be judged by their record (in government and in opposition). That naturally involves a look back but my own feeling is that it should be weighted towards the recent past and on 1) actions/policies that are currently affecting people or had a significant recent impact and 2) decisions made by people who are still in political life and are holding/seeking office. Granted 1) is a bit arbitrary but I think itâs dumb when sections of the media constantly refer to incidents in the 1920s, 1970s or whatever to divert attention from important current issues. And regarding 2) I think itâs completely fair to check back on, say, the ministerial record of anyone going for the Assembly Elections up north or, say, the ministerial records of those going for the Fine Gael leadership to determine their competence.
Itâs worthwhile noting that one of their main opposition parties oversaw the fleecing of Northern tax payers out of hundreds of millions of pounds, due to their incompetence in government. That wasnât government policy, it was incompetence.
I have consistently brought up the opposition parties and examples from other countries (Greece and the other PIIGS). I havenât brought up the 1920s.
All the boys criticising Michael Noonan want to have it both ways on every issue. Michael Noonan spending a relatively small amount of money to defend a government policy is not squandering money. Apparently itâs all FFâs doing that we have the CT regime we have and that is the only reason for FDI, yet Noonan shouldnât defend that.
Are you being a bit disingenuous here, Tim? Iâm not fully au fait with the workings of the Stormont government or the RHI scandal specifically but the department was DUP controlled and the minister responsible was a DUP member if Iâm not mistaken.
Sure the GFA brought about âpower sharingâ but thereâs a difference between real power sharing / a true coalition partnership and what seemed to be happening in practice. My understanding is that the two biggest parties get to split the ministerial positions between them and they more or less work away independently then.
Sure didnât FF design NAMA and sign the bank guarantee. Surprised there are so many supporters of those actions on here. Iâd have thought they were hugely unpopular moves
Where did I laud FF? You were praising Noonan for Corp Tax revenues increasing. I only stated this is not something he should take credit for. Ireland facilitated Appleâs tax avoidance by introducing legislation whereby only actual profits generated in Ireland would be taxed. EU have stated this is against EU law. We are part of the EU as they kept telling us. Apple siphoned all profits through Ireland. Their books show it. They should be taxed in Ireland. EU appear to be correct. Uncompetitive and morally wrong on both Apple and Irelandâs behalf.