Tom Parlon's 10-point plan

[peadarmc]

The CIF under Parlon have made the following submission to Lenihan!



Developers win support for proposal to slash VAT - National News, Frontpage - Independent.ie

The Parlon 10-point plan:
1. Stamp Duty holiday for homebuyers until end of 2009;
2. Tax credit scheme for first- time buyers;
3. Use Irish pension funds for NDP;
4. Fast-track labour intensive projects to reduce unemployment;
5. Stamp duty holiday for commercial developments until end of 2009;
6. End the 12-month delays at An Bord Pleanala;
7. Give employers a holiday on PRSI and PAYE payments to help reduce unemployment;
8. Prevent banks from stopping overdrafts without six months' notice;
9. Remove cap on tax deductibility for charitable donations;
10. Slash top VAT rate to below UK's until end of 2009.

I'd be very skeptical of anything Parlon would have to say but some of these seem fairly feasible! But would any of them go any way at all to helping the state of the public finances, even in a small way? at the end of the day every little helps...!


Anyone with an ecomonic mind.....would cutting our VAT to 1% below that in the UK have a net surplus effect or net deficit effect in comparison to current VAT intake?


And how would a PAYE/PRSI holiday for employers pan out in the long term in the context of public finances and employment figures??

[FakeViking]

Parlon, a former farmer loobyist, then a PD lobbyist, now a CIF lobbyist, whose policies have been largely responsible for our economic collapse, I'd be more interested in the 10-point plan of a transition year student than from this proven incompetent gobsh1te.

[anlkestony]

Parlon wants to cut public finances by getting people in PS to take pay cut yet he draws down a ministerial pension and is on a salary of E250,000 a year. A fat cat.

[peadarmc]

Parlon wants to cut public finances by getting people in PS to take pay cut yet he draws down a ministerial pension and is on a salary of E250,000 a year. A fat cat.

Id be quite surprised if anyone (bar a handful) would dispute parlon is a "fat cat"!

but would any of his 10 proposals actually work??

[anlkestony]

No. throwing the pension fund at developers is worse than at the banks. Parlon has no credibility

[Skin]

1. The reason for the property collapse is not because of Stamp-Duty. It is because house prices were, and still are overvalued.
Removing SD would of couse have some positive effect, but it just lik trying to paint over the cracks. What Parlon should be suggesting is that developers drop their prices further.

2. FTB are, again, not the problem. So they should not be used as a solution. By allowing any form of financial help to FTB then you would temporarily be propping up house prices before another eventual fall in prices. Developers should continue to reduce prices.

5. A token gesture, what happens after 2009...SD is re-introduced and the market freezes once more (I would argue that removing SD would have zero to little effect anyway, the best way to get the market moving again would be to reduce prices)

6. As if 'delays' were a policy decision!!!

9. What is the taxable cap on charity donations? This sounds like another way for those who can afford it to take advantage. How does this scheme work? I gave 5e to the local GAA side this week, can I get tax relief on this?

[wombat]

What do you expect from a pig but a grunt? Parlon is looking after his members interest. Lenihan's job is to look after the national interest, they're not the same, despite what FF think. We have too much property available, still overpriced, anything which prevents the market falling back to where it needs to be is bad for the country.

[Michael Moloney]

What do you expect from a pig but a grunt? Parlon is looking after his members interest. Lenihan's job is to look after the national interest, they're not the same, despite what FF think. We have too much property available, still overpriced, anything which prevents the market falling back to where it needs to be is bad for the country.

The CIF can only blame themselves for their problems. Based on the Bacon report, the FF/ PD Gov., when house prices started to go off the wall it eliminated the relief on buy to let residential properties of setting rental income off against interest on the mortgage, this effectively killed off the demand for buy to let residential properties.


The CIF never stopped until the Gov rescinded that piece of legislation. The builders and developers went head long throwing residential units up in every back road up and down the land and even when supply had outstripped real demand, this did not faze them.

No, they got so arrogant they embarked on a most daring escapade. They went for broke and broke the have ended up.

At the same time as the tide was on the way out, many developers instead of building on a phased basis, had moved on to building whole schemes and only when complete were the been sold. Fine in a rising market.


Secondly instead of paying less for developments site, the developers vied with one another pushing prices to stupid (only word for it) levels in their greed to get their hands on every site going as if the supply of land was drying up.

Adding more petrol to the fire, and so to add to this price frenzy you had the CIF shouting that there was not enough zoned land and now with blood on the streets the CIF want the Gov to bail the builders out.

Get stuffed is my answer to Tom Parlon’s ten point plan. These boys should be barred from Government buildings and in the forthcoming budget, I expect that Parlon’s ministerial pension should be taken from him until he is 66.



Had the FF/PD Gov resisted the pressure from the CIF the country would be a very different place now.




Michael Moloney MCC (Indep) Laois CC

[Proposition Joe]

9. What is the taxable cap on charity donations? This sounds like another way for those who can afford it to take advantage. How does this scheme work? I gave 5e to the local GAA side this week, can I get tax relief on this?

Didn't know there was an upper limit, but there's definitely a lower threshold of E250.

If you're on PAYE, you just quote your PRSI number along with the donation and the charity can claim the tax relief on your behalf (so your 250 is worth 352.50 to them).

If you're on self-assessment, you gotta claim it yourself in the tax return. I guess you really should hand it over to the charity, or maybe the revenue pay the relief direct to them.

Either way, I thought the idea of this tax relief was to act as a multiplier effect on the donation from the charity's point of view, not as a way to benefit the giver.

On Parlon's 10 point plan in general, I too would have more faith in a plan drawn up by a TY student. Even the ICTU plan is more realistic.

[Ed Dantes]

Drive from Carrick-on-Shannon to Leitrim Village, a journey of 10 miles, and an area boosted by tax renewal schemes of all kinds.

See the empty fields with the notices advertising some exclusive "development", see the estates almost totally empty. *****Now try any other county and see similar sights.

And Parlon wants to continue this madness! I did not notice anything about wages in his ten-point plan: does he stil want workers to take a pay cut?