Well it’s a kind of a makey-uppy word that first came to my attention in the Michael Connelly series of novels loosely sited in LA.
“The Commissioner through a series of hinky transfers removed the whistle-blower from the organisation”.
“Michael Healy-Rae, using a form of hinky quotes/tenders managed to secure (insert contracts) for his personal benefit”
That’s hinky for you oul’ stock. You’ll have no bother applying it around this fine country.
A smiley. Well done, mate, Fintan O’Toole will be absolutely quaking in his boots at devastating critques of his articles like that
He really gets right under your skin, doesn’t he?
In other news, water is wet
It’s often used in London circles also. It’s where I heard it used a, few times anyway.
Boxty nailed my understanding of it there.
It’s easier that way
Individuals don’t pay Corp Tax (except in Ireland where individuals and SMEs subsidise MNCs). Is he correct that the OECD only included income tax when coming to a clearly incorrect conclusion?
@Tim_Riggins what is going to happen when the next slump comes?
Things have been booming for a few years now and we are barely running a surplus. If things were to go tits up and corporation tanked next year we’d very quickly be running a huge deficit again.
I don’t mean mean for any such thing. Why are you using the language of conflict?
I pointed out holes in his article- something he parroted at the time from an ideological think thank. No doubt the Nevin Institute forwarded it straight to his email as they knew it would go straight into the Times. Not dissimilar to Kitty Holland’s sometimes random “reporting” (i.e. her reporting about NTA penalties for Go Bus, when her remit has nothing to do with Transport) of talking points put out by her dad’s political party.
FOT wouldn’t answer follow up questions at the time.
It is worrying.
I actually have no problem with people who say that we need to diversify away from CT receipts as we are overly reliant on them - so long as they don’t come out with bluster on the Apple case. You can’t have it both ways.
We still have huge public debt (primarily accrued from previous deficits, NOT banking debt) and are lucky that interest is still so low. FG are reinflating public spending again through current spending. We are increasing capex but not by enough needed to cover the shortfall caused by the decision to prioritize slashing investment over current spending during the crash.
Overall though I’d be more confident than last time out. The banks are zombies but we have lots more international capital (also managed overseas unlike the last time where it was goobers in Anglo Irish Bank et al doing it) in the system. We have lower personal debt than last time. A recession would increase unemployment naturally but I just can’t see it going near to 15% like last time or near double digits. We essentially had an entire industry wiped out then and had to start again. I’d be worried about the next cycle that we don’t get the shovel in the ground for the likes of the Metro.
Another factually incorrect statement.
Versus employment and business activity it is far ahead of large Irish business or SMEs.
The FOT article ignored over 50% of collected taxes at the time. That’s the reality.
In my view, it is those in the €45k-€70k bracket in Ireland who are disproportionality screwed.
The next election will be like 2007 - a great one to lose
He was discussing taxation for individuals so not sure why you would want him to include Corp Tax unless it was to compare apples and oranges.
Deary me. We are talking about effective tax on people. CT on SMEs ultimately taxes individuals more.
You cannot pick and choose the taxes you want. The Nevin Institute left out over 50% of taxes paid in the State, that is ridiculous.
People don’t pay Corp Tax so of course it’s ignored. Bizarre you’d want FOT or anyone to include it when discussing personal taxation. Why do you insist on comparing apples and oranges?
Are you really that dense?
A fully owns the shares of a company. The company makes €500k in taxable profits - that’s taxed at 12.5%. How much left has been taken off the table for them? Apparently CT just falls from the sky.
Edit that and make it legible.
How much tax has A’s business paid and how much is taken out of their pocket?
I do. It’s a pain in the hole.