Corporations cannot vote. Neither can foreignors overseas. But we allow Corporations influence public policy by donating to political parties. Why is this?
From a Company point of view, i wonder are such donations legal if the Memoranda and Articles of Association do not specificaly allow for them. Could a shareholder complain to the Director of Corporate Enforcement that a director is using Company money to support his/her favoured political party (now that SF supports low corporate taxation, it is not as if the choice is that large).
The Greens do not accept Corporate donations but have not banned them, while they are in government. I wonder does this have anything to do with the large debt of Fianna Fail?
phil hogan of fine gael makes no apology for accepting corporate donations - despite the less than honourable record of his party. michael noonan as leader banned them as a result. . kenny brought them back.
The same applies to large personal donations. Why when spending limits are so low - though ignored - can large ie 680 plus, donations be justified? Similarily all large gifts -bar engagement rings - should be declared.
Does anyone really think that corporations and large donors do so to 'support democracy'?
Should they not simply be banned and political parties required to tap their members for money? (ff do not currently have a membership fee)