Sinn Fein and how do they form a government dilemma

Despite the Indo and Philip Ryan's sinister reporting here and the hope of the anti SF folk, this legislation is NOT just designed to tackle SF.

It will apply to all political parties who we know are less than truthful when it comes to financial matters.

Most Irish parties try to raise funds in the US, perfectly legally.

If any of them are not properly declaring there should be appropriate sanctions, I have been calling for this for years on here. Give SIPO the proper powers that they have been asking for for years - who is denying them those powers? It ain't SF.

That's not a question that can be answered here.

If there is anything untoward, there is long existing legislation/revenue rules etc to deal with it.

Shouldn't the question be, if they are doing something illegal, why hasn't it been dealt with?.

Any party can, you mean.

The exceptionalism is rank here.

Philip Ryan's sinister article making it out that this is SF specific legislation is doing it's work.

Of course you do.

Because you ignore all the other injustices.

Like deciding that 3 - nil is the 'score' (you keep score, eek!), when we all know that SF members have won more of these cases than they have lost.

Your exceptionalism about the law seems odd too.

You need to find some balance to be credible

no no - sure they've a load of buildings that no-one knows who owns them or where the money came from (going by the vibe on this thread)😅

I wasn't aware of the work SF had been doing in the US since the election but it seems to have worked.

Perhaps the sensationalist claims of corporate flight might end now?

Not at all.

SF want to hike personal tax rates in a way which would impact many MNC employees in Ireland.

Employees whom can often move abroad to their companies other offices, should they face an exceptional tax burden in Ireland.

It also makes Ireland less attractive as a destination for new recruits into the MNCs, because of the tax burden they would face here.

In the longer term, this leads to lower levels of job creation in Ireland, as MNC employers find it harder to fill jobs here vs London, Lisbon etc, so they develop job growth outside of Ireland.

Their interference in personal tax will still result in flight of jobs from the MNCs.

And will also reduce the pipeline of future MNC jobs in Ireland, which, ironically, will result in a lower tax take.

Lots of those companies have international offices and employees can negotiate moves to other offices.

Some roles will still be tied here, but others not.

Making ourselves an outlier in the amount we tax employees is obviously not good for job maintenance or job creation.

Different ball game with public sector roles as they have to be based in ireland, but many of the MNC roles have flexibility in where they are based, so its certainly not in our interest, short term, or long term, to develop a reputation as an ultra high tax employee economy.

Remember these folks are already being taxed over 50% of the majority of their income as it is.

Whichever way you look at it, increasing income tax rates makes us less competitive in a globalised economy.

And yes, high tax countries do struggle to retain mobile job roles, which is a large share of MNC employment.

I know because I am one of those employees (could easily move from Ireland if i choose to do so) and I work with hundreds in the same position.

While I would not want to see MNCs leave en masse Ireland, should job creation be the priority at the present. I can see why it should be in times of high unemployment. Job creation is needed then so that people who are unemployed in the country can then be employed. But should job creation be the priority when we then need to bring someone in to fill that job? Additionally, should it be the priority when there's a severe housing shortage?

Exactly how many will leave we cant say for sure, but it will be some and it will set a new bar for taxation in Ireland which will discourage future inward investment - simply because more folks employed to work in MNCs will opt to work in other countries outside of Ireland, where that choice is available.

One thing is for sure, raising income tax isn't going to help retain staff here and it isn't going to help future job creation in Ireland.

We also already have a huge budget surplus. Lets not forget that.

Do we really need to rock this boat?

Its well evidenced that decreasing marginal tax rates boosts employment and increasing it does the opposite.

You will find plenty of evidence of the above. Google is your friend.

You also have to bear in mind that these jobs are mobile. They can easily move country if tax rates become an issue for staff.

Fair play to you for looking, but I do hope you dont work in Economics of any sort.

Why would I need to?

Do I need a qualification in Economics to see reports of people leaving/ those countries not being able to attract to the extent it is doing damage to their economies? Is this info hidden somewhere?