Developers' tax rate cost Exchequer €800m

[Hazlitt]

And that is the tragic elephant in the room. Its got to a stage that 800 Million being wasted in this country means nothing.

What do you mean €800m "wasted"? In what way was it "wasted"??

So did the State loss[sic] revenue on foot of reducing the corporation tax rate to 12.5%?

Tax revenue may have increased due to the lowering - an incredible influx of FDI is a direct result of lowering the CTR.

Again, people are assuming that money in peoples pockets is worse for everyone than if money was in the government coffers. Cassandra Syndrome for example states in his previous post that 800m was "wasted" by the government not taxing it, but then in the same sentence says that the government wasted 4bn of taxes in recapitalisations of banks!

If we accept the proposition that money not taxed by the government is money "wasted" then nobody can reject a 100% tax on everyones earnings. Preposterous

[hammer]

To all those working in the Dept of Finance part time you can lower tax rates and generate additional tax revenue

Lets see how much they raise under the heading developer tax at 80%, Answer Sweet FA.

[Baron von Biffo]

Just how much would a World Class Children's Hospital have cost over the same period?

How many sick children visited the Galway Tent?

[goosebump]

But net result of that was a property bubble that was stoked even further and developments that went ahead that were never viable.

No one disputes the wisdom of ill-effects of the measure, but it did not result in a loss to the Exchequer, which is the headline.[/QUOTE]

[hammer]

No one disputes the wisdom of ill-effects of the measure, but it did not result in a loss to the Exchequer, which is the headline.

[/QUOTE]

Lazy journalists looking for people to buy their rags :0

Should have read Potential Loss