Which will cost more jobs?

SafeSurfer

The government has rejected introduction of a financial transaction tax because it could threaten jobs in the financial sector while at the same time plan to increase self employed PRSI contributions from 4% to 17.3%

http://www.irishtimes.com/newspaper/ireland/2012/1010/1224325096531.html


http://www.irishtimes.com/newspaper/frontpage/2012/1010/1224325096744.html

Many self employed people will be better off on social welfare as a result. Why can the EU not act in harmony to introduce a financial transaction tax, thus eliminating any advantage to states that refuse to do so such as Ireland. The bankers, after all the chaos they have caused, and who have left the workers, the poor, the disabled of Europe to pick up the tab for their greed, must be laughing all the way to the you know where.

Blazer

To be honest they should be paying this rate of PRSI. Why should they be treated any differently from the normal PAYE worker?
I know loads of self-employed people who payed sod all tax/prsi during the boom years (my own brother included) and they bitched afterwards about not getting welfare etc when they had contributed fúckall to the country.
The sooner people get over this "entitled" trip the better for the country.
These people are now sitting on their holes getting welfare while I'm working my ass off, contributing to the country and getting hammered each budget for it.

JohnMarston

Blazer wrote: »

To be honest they should be paying this rate of PRSI. Why should they be treated any differently from the normal PAYE worker?
I know loads of self-employed people who payed sod all tax/prsi during the boom years (my own brother included) and they bitched afterwards about not getting welfare etc when they had contributed fúckall to the country.
The sooner people get over this "entitled" trip the better for the country.
These people are now sitting on their holes getting welfare while I'm working my ass off, contributing to the country and getting hammered each budget for it.

And i know loads of honest, hard-working self-employed people who worked and continue to work hard.
3 i know are single parents working two jobs, one self-employed, to make ends meet.
I only raise this point because you see fit to tar all self-employed people with the same brush, that they're self-entitled and dishonest.

A lot of people are just trying to get by (PRSI and PAYE contributors alike). More than quadrupling PRSI is, frankly, giving the middle finger to them.

SafeSurfer

Blazer wrote: »

To be honest they should be paying this rate of PRSI. Why should they be treated any differently from the normal PAYE worker?
I know loads of self-employed people who payed sod all tax/prsi during the boom years (my own brother included) and they bitched afterwards about not getting welfare etc when they had contributed fúckall to the country.
The sooner people get over this "entitled" trip the better for the country.
These people are now sitting on their holes getting welfare while I'm working my ass off, contributing to the country and getting hammered each budget for it.

"Entitled" trip? Waiting for up to a year for the powers from on how to decide if you are in dire enough need for social welfare is entitled?

PAYE workers are treated differently. They receive more benefits and more tax credits than the self employed. Also factor in that a self employed person has to register for VAT at a very low threshold, €37,000 (UK €95,000).

CucaFace

SafeSurfer wrote: »

The government has rejected introduction of a financial transaction tax because it could threaten jobs in the financial sector while at the same time plan to increase self employed PRSI contributions from 4% to 17.3%

http://www.irishtimes.com/newspaper/ireland/2012/1010/1224325096531.html


http://www.irishtimes.com/newspaper/frontpage/2012/1010/1224325096744.html

Many self employed people will be better off on social welfare as a result. Why can the EU not act in harmony to introduce a financial transaction tax, thus eliminating any advantage to states that refuse to do so such as Ireland. The bankers, after all the chaos they have caused, and who have left the workers, the poor, the disabled of Europe to pick up the tab for their greed, must be laughing all the way to the you know where.

It’s pretty straight forward really.

If Britain won’t accept the tax, then if we do we stand a big risk of losing a lot of these companies who are in the IFSC moving there instead.

Now that's 33,000 jobs, plus god knows how many more indirectly linked to this so the Govt are doing the correct thing in this regards.

We cannot afford to mess or gamble with the tax implications to foreign companies or manufactures here as if we lose this key advantage, we may as well just give up and declare this country finished as this what is practically single handily keeping the country going right now.

A PRSI increase on a self employed person will hit them, but they will for the most part survive.

As for this comment they would be better off on social welfare, well hopefuly that will change soon also.

SafeSurfer

CucaFace wrote: »

It’s pretty straight forward really.

If Britain won’t accept the tax, then if we do we stand a big risk of losing a lot of these companies who are in the IFSC moving there instead.

Now that's 33,000 jobs, plus god knows how many more indirectly linked to this so the Govt are doing the correct thing in this regards.

We cannot afford to mess or gamble with the tax implications to foreign companies or manufactures here as if we lose this key advantage, we may as well just give up and declare this country finished as this what is practically single handily keeping the country going right now.

A PRSI increase on a self employed person will hit them, but they will for the most part survive.

As for this comment they would be better off on social welfare, well hopefuly that will change soon also.

This is the problem with our so called "tax advantage". We have become hostages to fortune. Massive multinational corporations are immune from the effects of a recession, which in the case of the financial services sector, was largely of their making. If we rule out a rise in corporation tax, a financial transaction tax, etc, etc, we are sucking real money out of our domestic economy, because lets not forget apart from wages and salaries, there is little net gain from multi national profits, who pay a much lower effective tax rate than our nominal 10% and repatriate their profits to their shareholders.

The SME sector is by far the largest employer in Ireland.

At a time when even those on very low incomes are forced to pay the "universal" social charge, should multi national corporations who gain massively from the tax advantages this country offers them, not be required to pay such a "universal" charge?

It is sickening to see companies exempt from making any contribution to paying for the financial crisis, especially so in a country as devastated by its effects as ours.

K-9

Blazer wrote: »

To be honest they should be paying this rate of PRSI. Why should they be treated any differently from the normal PAYE worker?
I know loads of self-employed people who payed sod all tax/prsi during the boom years (my own brother included) and they bitched afterwards about not getting welfare etc when they had contributed fúckall to the country.
The sooner people get over this "entitled" trip the better for the country.
These people are now sitting on their holes getting welfare while I'm working my ass off, contributing to the country and getting hammered each budget for it.

There wasn't that much difference in the rates and indeed it kicked in quicker for them IIRC. It's actually more now too.

Stinicker

It is pretty disgraceful to increase the PRSI for the self employed, their "S-Class" stamp only entitles them to a contributory pension if they live to be say 70+. Thye do not get dole or any of the other entitlements which come with normal PRSI.

Most self employed people will just do more cash jobs and pay less tax this way if this is to be feisted upon them. PRSI should be optional and all the citizen to opt out of the Social Security System, entitling them to nothing if they so wish.

Boombastic

the bankers are our friends don't ya know, they'd never do anything to ruin us :pac:

Also the bankers have a 13 month year, so obviously they need more money

UCDVet

The problem isn't a lack of taxes.
The problem is an excess of spending.