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Irish corporate tax rate in huge trouble

pragmatic1

I know this is after hours but this is really serious news. Our corporate tax rate is in huge danger. The German and French finance ministers want this country in poverty. If FG dont grow a pair and stand up to these pricks we're basically finished as a country. http://www.rte.ie/news/2011/0409/economy.html

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Jumpy

conga conga conGA conga conga conGA

HellFireClub

Taxes can go up as well as down, it's there in the small print.

Bullseye1

Don't give an inch on CTR.

MIN2511

I'll rather we stick with the interest rate we have than increase the corporate tax

landsleaving

In other news... LANDSHARKS!

Daegerty

We borrow money from them so we can help save their currency, we voted yes to their stupid Lisbon treaty and this is what we get in return.

Ollie Rehn is a real salt of the earth lad. I went for a pint with him and he gave me his last 20e note so I could take a taxi and he walked home himself

TeddyTedson

I'm for a small corporate tax increase.
I thought everyone is meant to be taking the hit!
Would a 2 percent increase really justify any of these countries pulling out of Ireland?

HellFireClub

MIN2511 wrote: »

I'll rather we stick with the interest rate we have than increase the corporate tax

So you are in favour of Irish PAYE workers paying more tax from their wages in order to pay a higher interest bill, while the only organisations in this country that actually are making a profit, get away without carrying any of the burden???

If your PAYE tax goes up 10 Euro a week to pay for this, are you happy to pay it while MNC's use creative financial accounting practices to reduce their CT liability to 1-2%??? 'Cos I'm not prepared to pay for it...

Daegerty

TeddyTedson wrote: »

Would a 2 percent increase really justify any of these countries pulling out of Ireland?

Shag it lad we could be reducing it by 2% and they'll still want to outsource everything to Mao Zedong land

upandcumming

pragmatic1 wrote: »

I know this is after hours but this is really serious news. Our corporate tax rate is in huge danger. The German and French finance ministers want this country in poverty. If FG dont grow a pair and stand up to these pricks we're basically finished as a country. http://www.rte.ie/news/2011/0409/economy.html

We're basically finished as a country?
I wish you were my friend...

landsleaving

Daegerty wrote: »

we voted yes to their stupid Lisbon treaty

No we didn't!

bonerm

pragmatic1 wrote: »

If FG dont grow a pair and stand up to these pricks we're basically finished as a country. http://www.rte.ie/news/2011/0409/economy.html

When were we started as a country? The place is a 3rd world plantation run by civil servants and before that the fascist clergy.

Daegerty

landsleaving wrote: »

No we didn't!

Well we didn't and then Biffo said "Wrong answer, bitch!'

CommuterIE

HellFireClub wrote: »

So you are in favour of Irish PAYE workers paying more tax from their wages in order to pay a higher interest bill, while the only organisations in this country that actually are making a profit, get away without carrying any of the burden???

If your PAYE tax goes up 10 Euro a week to pay for this, are you happy to pay it while MNC's use creative financial accounting practices to reduce their CT liability to 1-2%??? 'Cos I'm not prepared to pay for it...

I don't see your point.... increase the corporation tax and these organisations will simply leave. Increasing the CT is not something Ireland can realisticly do and would imo be the final nail in the coffin

HellFireClub

A 1% reduction on the bailout is like offering a Johnson & Johnson plaster to a lad who just got blasted in the face with a shotgun, it's useless...

TeddyTedson

Daegerty wrote: »

Shag it lad we could be reducing it by 2% and they'll still want to outsource everything to Mao Zedong land

But wages and everything have come down in the last few years.
It seems like unless your filthy rich you're going to be absolutely raped by the tax man.

dlofnep

This isn't newsworthy. It's the same rhetoric that has been coming from Germany. I say **** them, default on all debt, leave the euro and let it fall flat on it's face - maintaining the status quo on our corp tax rates.

How do you like that Germany?

My name is URL

France's CT rate is closer to around 10% after you take into consideration the tax breaks applicable to companies there, and they have the advantage of being part of mainland Europe so commerce is far easier for them.

They have some neck to say that 'we need to do our part'.. I think that as a tax payer who played no part in the meltdown of the Irish economy and who is burdened with the debts of others for the foreseeable future, that I am already doing way more than my part.

Fcuk them

Duckworth_Luas

A 1% interest rate decrease will only save us 500m out of 70.5 billion. Noonan should tell the Germans and French to feck off.

[Deleted User]

I wish they would stop being so jealous - driving away companies for a short term gain is ridiculous.

Riamfada

GOOOOOOOOOOOOOOOD

This worst part of this economic mess the infinite boring threads and radio discussions. Dem fordenors tuk our corporation tax rate!

HellFireClub

CommuterIE wrote: »

I don't see your point.... increase the corporation tax and these organisations will simply leave. Increasing the CT is not something Ireland can realisticly do and would imo be the final nail in the coffin

It's just another policy bubble that is going to burst anyway, as all bubbles do. There is no financial case to be made for a business to move from this state if the CT rate is increased by 1%, none whatsoever, they still have the lowest CT rate around. We started letting these MNC's dictate to us, just like we let the property developers get up on our backs in recent years in terms of policy and look how that ended up...

Nobody gets assurances that taxes will remain the same, any executive heading up an MNC who thinks that taxes stay static should not be running a corner shop never mind a publically listed company...

dlofnep

Duckworth_Luas wrote: »

A 1% interest rate decrease will only save us 500m out of 70.5 billion. Noonan should tell the Germans and French to feck off.

Noonan is a spineless hack, and isn't fit for Government. He already stated that Senior Bondholders must take a hit if banks wanted funding, and now he has already gone back on that saying that Fine Gael will no longer be seeking to inflict burden sharing on senior bondholders, because he didn't want to go against the grain of the EU. And yet - the Irish tax payer is forced to continue to shoulder this burden, and take further hits on public services.

We need people with balls in the Government. Cahones that require wheelbarrows for transport.

**** the Eurozone. Default. Leave. End of story.

m@cc@

pragmatic1 wrote: »

The German and French finance ministers want this country in poverty.[/URL]

*cough* 80m bailout *cough*

In reality, the country is already in poverty since it's living off money which doesn't belong to it. It's in the EU's interest for Ireland to sort it's s***e out.

landsleaving

Riamfada wrote: »

GOOOOOOOOOOOOOOOD

This worst part of this economic mess the infinite boring threads and radio discussions. Dem fordenors tuk our corporation tax rate!

"An' now de corporation won't cu' de grass outsiyid Joe, and dem bleedin' public service earnin' loads sittin' on dey're arses."

jesus_thats_gre

Increase it by 0.01% as a gesture of goodwill.

Duckworth_Luas

dlofnep wrote: »

We need people with balls in the Government. Cahones that require wheelbarrows for transport.

Sorry, but Buster Gonad didn't get elected.

Mr E

m@cc@ wrote: »

*cough* 80m bailout *cough*

God, if only it was 80m.

HellFireClub

jesus_thats_gre wrote: »

Increase it by 0.01% as a gesture of goodwill.

We can't do that, they'll all up and leave in the morning don't you know or haven't you heard?!?!?!?!? :rolleyes:

SeaFields

Increase the sh!t out of the CTR I say

and then reduce it again through tax breaks like the French do, in the small print.