Time to raise corporation tax and increase revenue

[Harpo]

It should be at least increased to 18% to match the north.

Of course they'll kick up a fuss and threaten to leave and go exploit workers in south east asia instead but most won't go anywhere. And those that would leave are the ones who are planning to leave anyway.

[Westmeath-student]

They pay 30% in Northern Ireland.

And yes it would be an absolute disaster. A huge number of Multi-nationals base their European HQ's here to benefit from the low tax rates. An increase in rates would cause a short-term spike in tax take followed by a long-term decline which might not be reversable. Once we got a name for making sudden hikes when the going got tough, companies would be a lot slower to trust our stability enough to set up here again in the future.

This is particularly true of those whose businesses are based on intellectual property rather than manufacturing, which of course are the most high-value jobs.

[TradCat]

Time to raise corporation tax and increase revenue

If you had to pick one or the other which would it be? For example we know that a 100% corporation tax would bring in nothing. And neither would a zero rate.

So how high do you think it could go before it started to bring in less?

[droghedasouth]

Don't waste your breath (or your typing finger) - 12.5% is here to stay for the almost indefinite future.

[meriwether]

It should be at least increased to 18% to match the north.

Of course they'll kick up a fuss and threaten to leave and go exploit workers in south east asia instead but most won't go anywhere. And those that would leave are the ones who are planning to leave anyway.

Whats the rationale behing the figure for 18%?

[Supermanpolitician]

It should be at least increased to 18% to match the north.

Of course they'll kick up a fuss and threaten to leave and go exploit workers in south east asia instead but most won't go anywhere. And those that would leave are the ones who are planning to leave anyway.

Whats the rationale behing the figure for 18%?

It fits their prejudice that everybody who has a job is being exploited.

[junketman]

Tax revenue always matches the ebb and flow of economic activity, I imagine increasing corporation tax to 18.5 %, even if all those companies stayed which they might do, would bring in maybe a few extra hundred million.

However if some leave that would mean a decrease in economic activity. If they have to pay more corporation tax, they might invest less and employ less.

Anything which encourages more econonic activity in this country, be it multinationals based here, the bannana sellers on Henry Street, or house buying is good for this country and good for our tax revenues.

Low economic activity is bad for our country and bad for our tax revenue. Buying and selling houses is very significant economic activity, it employs lots of people and hence lots of tax revenue. We shouldn't question where the tax revenue comes from, any source is welcome.

[meriwether]

Tax revenue always matches the ebb and flow of economic activity, I imagine increasing corporation tax to 18.5 %, even if all those companies stayed which they might do, would bring in maybe a few extra hundred million.

However if some leave that would mean a decrease in economic activity. If they have to pay more corporation tax, they might invest less and employ less.

Anything which encourages more econonic activity in this country, be it multinationals based here, the bannana sellers on Henry Street, or house buying is good for this country and good for our tax revenues.

Low economic activity is bad for our country and bad for our tax revenue. Buying and selling houses is very significant economic activity, it employs lots of people and hence lots of tax revenue. We shouldn't question where the tax revenue comes from, any source is welcome.

House buying does not add value to he economy.

[junketman]

Tax revenue always matches the ebb and flow of economic activity, I imagine increasing corporation tax to 18.5 %, even if all those companies stayed which they might do, would bring in maybe a few extra hundred million.

However if some leave that would mean a decrease in economic activity. If they have to pay more corporation tax, they might invest less and employ less.

Anything which encourages more econonic activity in this country, be it multinationals based here, the bannana sellers on Henry Street, or house buying is good for this country and good for our tax revenues.

Low economic activity is bad for our country and bad for our tax revenue. Buying and selling houses is very significant economic activity, it employs lots of people and hence lots of tax revenue. We shouldn't question where the tax revenue comes from, any source is welcome.

House buying does not add value to he economy.

plz! I think the 400,000 employed in the sector would disagree. I mean 400,000 paying on average of 20,000 income tax, that's 8 billion in tax revenue.

Added to that places like Woodies, Brookes, furniture shops and builders providers and you are talking several hundred thousand more workers.

If that's not value then what is?

House buying is an economic activity. I feel I keep repeating myself about the importance of economic activity and how it is key to the tax base.

Selling a house is a transaction. The money received is spent on something else. It is far better that money changes hands in a society than gathers cobwebs in a bank account, agreed? That's a fundamental of any good economy. Money in the bank is bad for a country, always was and always will.

[politicaldonations]

Tax revenue always matches the ebb and flow of economic activity, I imagine increasing corporation tax to 18.5 %, even if all those companies stayed which they might do, would bring in maybe a few extra hundred million.

However if some leave that would mean a decrease in economic activity. If they have to pay more corporation tax, they might invest less and employ less.

Anything which encourages more econonic activity in this country, be it multinationals based here, the bannana sellers on Henry Street, or house buying is good for this country and good for our tax revenues.

Low economic activity is bad for our country and bad for our tax revenue. Buying and selling houses is very significant economic activity, it employs lots of people and hence lots of tax revenue. We shouldn't question where the tax revenue comes from, any source is welcome.

House buying does not add value to he economy.

plz! I think the 400,000 employed in the sector would disagree. I mean 400,000 paying on average of 20,000 income tax, that's 8 billion in tax revenue.

Added to that places like Woodies, Brookes, furniture shops and builders providers and you are talking several hundred thousand more workers.

If that's not value then what is?

House buying is an economic activity. I feel I keep repeating myself about the importance of economic activity and how it is key to the tax base.

Selling a house is a transaction. The money received is spent on something else. It is far better that money changes hands in a society than gathers cobwebs in a bank account, agreed? That's a fundamental of any good economy. Money in the bank is bad for a country, always was and always will.

Yeah , now only if we could start exporting houses.