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Thread: Should corporation tax be increased ?

  1. #1
    Politics.ie Member former wesleyan's Avatar
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    Default Should corporation tax be increased ?

    Irelands corporation tax rates are lauded as contributing to our success in attracting foreign investment.
    However, as is obvious from the following comparison table, they are in my opinion another example of how successive lazy governments have allowed the nation to be ripped off.
    It is clear from this table that foreign firms could easily pay more in corporation tax here and still save millions ( sorry; billions ).
    Where else would they go ?
    http://www.idaireland.com/why-ireland/tax/

  2. #2
    Politics.ie Member Old Mr Grouser's Avatar
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    But those foreign firms are only in Ireland because of the liberal tax-regime.

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    Politics.ie Member DeputyEdo's Avatar
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    just even bang it up to 15% or something

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    Quote Originally Posted by former wesleyan View Post
    Irelands corporation tax rates are lauded as contributing to our success in attracting foreign investment.
    However, as is obvious from the following comparison table, they are in my opinion another example of how successive lazy governments have allowed the nation to be ripped off.
    It is clear from this table that foreign firms could easily pay more in corporation tax here and still save millions ( sorry; billions ).
    Where else would they go ?
    Tax Regime - IDA Ireland Investment Promotion Agency
    The low corporation tax is the only thing keeping these companies in Ireland. FF have managed to destroy all the other good reasons.

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    If you want to see another 500,000 people on the live register.

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    Politics.ie Member Asparagus's Avatar
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    Lets get Cowen into a car and drive him over to intel or microsoft.

    Get him to explain to the ceos that he is raising the corporation tax.

    Watch and wonder at how ireland goes from a modern western society to the bronze age in 2 months.

    What you are suggesting is tantamount to throwing the baby out and keeping the bathwater.
    ANGER IS A POLICY, GET OFF YOUR KNEES

  7. #7
    Politics.ie Member Asparagus's Avatar
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    Lithuania - 15%
    Latvia - 15%
    Montenegro - 9%
    Serbia - 10%
    Cyprus - 10%

    Just some of the places they could run to.

    Reduce the corporate rate to 5% and get a few jobs in.
    ANGER IS A POLICY, GET OFF YOUR KNEES

  8. #8
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    its not a case anymore of should it be increased , it will be increased as a condition of our bailout

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    I have a feeling Cowen/Lenihan would sacrifice anything to get their hands on money from the ECB and IMF.

    FF are notorious at sacrificing the long term interests of the country for short term financial and political gain.

    I would be worried with any FF government in office.

  10. #10
    Politics.ie Member former wesleyan's Avatar
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    Quote Originally Posted by Asparagus View Post
    Lithuania - 15%
    Latvia - 15%
    Montenegro - 9%
    Serbia - 10%
    Cyprus - 10%

    Just some of the places they could run to.

    Reduce the corporate rate to 5% and get a few jobs in.
    Yeah, right. Montenegro here I come ! So why aren't they already there then ?
    I'm not suggesting that it be doubled , another 1% would bring in added income and the multis would still be getting away with murder.
    And don't forget those companies who have only a shadow presence here, employ Tilly to answer the phone, and are laughing all the way to the non-Irish bank.

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