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Proposed tax system change reported on 08 Sep 17

Juran

I read about this today (08 Sep 2017). It's badly needed but I don't know if Ireland can lose its dependency on PAYE workers. I am Irish, I have worked in Ireland for 20 years, I have a degree, and a masters, I worked hard for both. I worked my way up through the private technology industry from technical, to engineer, to senior and manager. In the end I felt like every pay increase and bonus was going to the tax system with no return. I have moved to Europe, not because I had to, because I want to save. In Ireland I can live, but in Europe I can live and save for the future. I am here with hundreds of talented Irish engineers who have left Ireland due to the tax system. High income taxes will result in a huge brain drain which will impact Ireland's ability to attract new investment and employers. But because PAYE seems to fund so much of the country ..... how does Ireland get away from this dependency???

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Avatar MIA

CalamariFritti wrote: »

Thats not going to work forever and ever. There is a flaw in that system IMO.

And how is making the business environment more unfavourable going to improve things?

CalamariFritti

If done right it might make things a little more balanced. The business environment is no coherent system either. You can't compare a small business struggling to make ends meet between rates and taxes and insurance with a big corporation. The current system is flawed in so many ways. Its leads to imbalances, social problems, its wasteful and not sustainable in the long run both environmentally and socially. I think its a bit lazy to say there is no alternative. Its like not rocking the boat because I'm still alright enough myself.

Avatar MIA

CalamariFritti wrote: »

You can't compare a small business struggling to make ends meet between rates and taxes and insurance with a big corporation.

So, increasing taxes is going to help small business how? Or do you mean singling out larger corporations and screwing them. They'll probably be fine with that. :pac:

CalamariFritti wrote: »

I think its a bit lazy to say there is no alternative.

The alternative has been considered, and rejected. Do you think they've not considered increasing corporation tax? Sometimes not doing something is the right thing.

Lazy? Not aware of that economic term?

MrPudding

Avatar MIA wrote: »

That as may be, but it's the government that pays for it, which they do with taxes.

I pay 52% tax on my marginal income and while I'd like to pay less (who wouldn't) I'm not in favour of paying less taxes so the less well off pay some or more.

Hey, I don't disagree with you. You were the one that said if he were in the UK be would be saddled with a bunch of debt. I was simply pointing out that, given his age, that would not actually be the case.

MrP

[Deleted User]

Del2005 wrote: »

Our health service is very well funded but some how doesn't work. More taxes will be wasted until there is major reform of our public and civil services, we might even be able to reduce them if they were more efficient.

In business there is a constant push for efficiency and cost reductions, publicly funded entities seem to be constantly looking for ways to spend more money.

I fully agree that the HSE is a mess and our public/civil services absolutely need reform. But that reform needs to happen before taxes can be cut, otherwise we just end up with an underfunded (and thus, most likely, even less efficient) version of what we have now.