Thread to discuss SFs new economic policy

[Worldbystorm]

Their proposals for a 17% corpo-tax rate as reported in the papers today are just wildly crazy especially when we are competing with Estonia's 0% rate. And if they really supported an All-Ireland ecomomy they wouldn't be so liberal on immigration - which can only erode the common sense of Irishness upon which victory in a Southern UI referendum is based.

Surely if we take the logic of your argument the 17% corporation tax rate will only serve to deter 'furriners' from coming here as our economy slumps. Estonians will stay in Estonia, Poles in Poland etc. Therefore the second part of your thesis doesn't come into effect. So by extension you should - if you believe what you post - support SF.

As to the document - a pleasant surprise, and I was quite impressed by the relatively pro-enterprise pro-growth tone of it.

17% is - well, let's get real - most MNCs aren't going to pull out over an extra what is it 4.5% if the extra funding is going into infrastructure and education of the workforce.

[rockofcashel]

Their proposals for a 17% corpo-tax rate as reported in the papers today are just wildly crazy especially when we are competing with Estonia's 0% rate. And if they really supported an All-Ireland ecomomy they wouldn't be so liberal on immigration - which can only erode the common sense of Irishness upon which victory in a Southern UI referendum is based.

Surely if we take the logic of your argument the 17% corporation tax rate will only serve to deter 'furriners' from coming here as our economy slumps. Estonians will stay in Estonia, Poles in Poland etc. Therefore the second part of your thesis doesn't come into effect. So by extension you should - if you believe what you post - support SF.

As to the document - a pleasant surprise, and I was quite impressed by the relatively pro-enterprise pro-growth tone of it.

17% is - well, let's get real - most MNCs aren't going to pull out over an extra what is it 4.5% if the extra funding is going into infrastructure and education of the workforce.

you must be stone mad WBS. The MNC's are gathering up their bags as we speak trying to get out at the mere mention of 17% Corporation Tax. Tis' the only ting they came for. Bloody Marxist/Communist/Fascist SF, they'll ruin the place, ruin it.

*for the really stupid like True and Pogo, that's sarcasm

[Stewie Griffin]

As to the document - a pleasant surprise, and I was quite impressed by the relatively pro-enterprise pro-growth tone of it.

.

Question. It's not on the website, it's in draft form and as I understand it you are not a party member, how the ************************ did you see what was in it?

[jjcarroll]

Their proposals for a 17% corpo-tax rate as reported in the papers today are just wildly crazy especially when we are competing with Estonia's 0% rate. And if they really supported an All-Ireland ecomomy they wouldn't be so liberal on immigration - which can only erode the common sense of Irishness upon which victory in a Southern UI referendum is based.

Just a question FT.

What was the rate of corporation tax when Intel set up in Ireland

or Pfizers

or Coca Cola

or most of the rest of the Pharmacuetical Industry ?

was it higher than 17%, and if so, why did they set up here.

also ask then why Gateway left Ireland ?

or Seagate ?

or Fruit of the Loom ?

all companies that left when the rate of Corporation tax was falling.

Then ask, is corporation tax the only reason companies locate in Ireland. `

Rock, what was the corporation tax on Manufacturing income in 1981?

What was the rate of export relief prior to 1981 for those companies?

In 1982, what percentage of companies locating in Ireland cited tax as a fator?

For the past fifty years, tax incentives through the corporation tax system have played a huge role in the development of Ireland's economy and promoting inward investment.

All the companies you cite have benefited from those tax incentives.

Oh, and Seagate haven't left Ireland.

The case has not yet been made for increasing the rate of corporation tax and arguement's like Rock's only seek to remind us of the basis (obviously not the sole one) on which many MNC's made the decision to locate in Ireland.

[Worldbystorm]

As to the document - a pleasant surprise, and I was quite impressed by the relatively pro-enterprise pro-growth tone of it.

.

Question. It's not on the website, it's in draft form and as I understand it you are not a party member, how the ************************ did you see what was in it?

Well Stewie, my phrasing was a little incorrect. I'm taking what I've read and heard in the media.

Can't read everything. Not enough time. Drowning in text.

[brenners']

Well I am really annoyed that I have missed this conference I have been up to my eyeballs in work and did not read the invite in my email and had no idea it was on till I read this thread this morning.
But the fact is this is a discussion document and not Sinn Fèin policy, whether it will be policy is up to the Ard Fheis. I expect quite a significant debate on this document both at local level and also at the Ard Fheis where it could become policy.
I know that the review group within the party also intend to publish a discussion document in the coming weeks on taxation. I think it is good that the party can have such an open and transparent debate on our future direction.
I have very strong feelings with regards to the future economic policy of the party and look forward to the debate on this issue. As a delegate, I most likely intend to speak on this subject and hopefully articulate both my and also the Dublin South West’s position.