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Thread: Changing corp tax could create 90,000+ jobs,instead Tory cuts take away around 50,000

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    Default Changing corp tax could create 90,000+ jobs,instead Tory cuts take away around 50,000

    " Reducing corporation tax from the current UK-wide rate of 28% to the 12.5% levied on firms in the Republic of Ireland would be the best way to revitalise the region's flagging economy, according to the Northern Ireland Economic Reform Group.

    But the NIEFG said the move was the only measure that would deliver the major structural change needed to get Northern Ireland out of its present economic rut, adding the Government would actually benefit in the long term because the rate cut would create at least 90,000 extra jobs over 20 years, resulting in more revenue from income tax. "

    Tax cut 'could create 90,000 jobs' - National News, Breaking News - Enniscourthyguardian.ie

    Chancellor George Osborne announced a further 7bn in welfare "savings" were planned on top of 11bn already announced.

    London can't say on the one hand it accepts Northern Ireland has a severe level of deprivation, complicated by the legacy of conflict, and then say by the way you'll just have to take equal pain with Britain," he said.

    BBC News - Attwood urges Stormont maturity over Spending Review

    On one hand it forces our private sector to be stagnant causing deprivation in what is in fact the most highly educated part of the UK ( resulting in a bloated public sector ) - then they knowingly introduce harsh cuts which go against the money promised in the St.Andrews agreement and are unacceptable considering the region is the most deprived.

    I know many people working in the public sector who believe that the increased threat level in Britain towards Dissident Republican violence is actually to discredit the region so it can introduce cuts and renege on its commitments in the St.Andrews agreement without public or political opposition in Britain.


    The British government has no interest in allowing the economic development of Northern Ireland.
    This is blatantly obvious.
    It is an active barrier towards it.

    Northern Ireland GCSE students score top marks, highest in UK.
    http://www.bbc.co.uk/news/uk-northern-ireland-11066226

    Northern Ireland A-level students outperform rest of UK
    http://www.belfasttelegraph.co.uk/ne...-14916115.html
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    Damn, I forgot my tin foil hat today.
    Love me. Cherish me. I'm a unionist.

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    Corporation tax will never change in NI within the UK. Also the 4 billion in cuts are necessary to bring the six counties to a more self sustaining position. The block grant needs to be cut throught growth in the private sector and cuts in the public sector.

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    Politics.ie Member Boiled Oysters Malloy's Avatar
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    Any word on the Silicon Valley in Belfast yet?
    The Massachusetts of the Puritans is as dead as Caesar, but there is no need to mourn the fact. Their successors-the Irish-had letters and learning, culture and civilization when the ancestors of the Puritans were savages running half-naked through the forests of Britain. It took the Irish to make Massachusetts a fit place to live in.

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    Politics.ie Member Northern Voice's Avatar
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    Does it not seem a bit fantastical that our representatives would miss an opportunity to create 90,000 jobs?
    Ulster Abu!

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    Quote Originally Posted by Northern Voice View Post
    Does it not seem a bit fantastical that our representatives would miss an opportunity to create 90,000 jobs?
    Have they not called for the tax-rate to be lowered? Has Nick Clegg not mentioned it also, in that it is something to be discussed (but not necessarily moved on)?

    On the other hand, if it did go ahead, what would the attitudes of Scotland and Wales be? And is this why it doesn't happen?

    How you can believe that this would not help is beyond understanding.

    It won't happen in the UK. And people will be out of jobs because of this - the cut in the public sector and the inability of the private sector to grow.

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    Quote Originally Posted by Northern Voice View Post
    Does it not seem a bit fantastical that our representatives would miss an opportunity to create 90,000 jobs?
    It would sound fantastical if they actually weren't pushing for it, However they aren't missing the opportunity, every political party here supports it - that's actually a very rare 100% mandate.
    The Tories who won ZERO seats here are the ones who call the shots.


    "A unified front on the taxation of trading activities on the island of Ireland will attract investment from abroad, and support all island markets to the direct benefit of both economies. We also believe that a corporation tax rate in the North which is in line with the South will encourage investment from South to North as well as from North to South," the ICAI’s Vice-President Jim Aiken told those attending the official opening of the ICAI’s new offices in Belfast city centre, performed by First Minister of Northern Ireland Dr. Ian Paisley.

    "Growing prosperity north of the border generates growing prosperity south of the border, and vice versa if the conditions are right. We are making the conditions right by facilitating the ready movement of goods cross border, and our shared EU Membership has been integral to this. We must now take the next steps ourselves towards facilitating the ready movement of labour and services," Aiken argued.

    http://www.tax-news.com/news/UK_Gove...____27467.html

    British politicians will never allow this corporation tax rate as it would suit our economic needs, However UK businesses would register here and Britain's economy could be impacted and that is what they are actually concerned about.

    It's better to keep the north and it's people in a state of limbo where economic growth is impossible, this also has an impact on the Republics economy rendering the competition from Ireland overall as minimal.
    It's actually quite clever as blocking private sector investment means people are more reliant on state jobs, if they rely on state jobs they support full state control of their affairs.

    The north has the highest education standard in the UK but the worst economy by far, it simply doesn't add up.
    Last edited by st333ve; 22nd October 2010 at 12:10 PM.
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    Quote Originally Posted by Boiled Oysters Malloy View Post
    Any word on the Silicon Valley in Belfast yet?
    There has been a lot of U.S. IT investment in Belfast, it's actually a growing sector despite the recession.
    Low wages and a high education standard make it ideal for such investment, it's just a shame the corporation tax is nearly 30%.

    No-one is suggesting it will turn into Silicon Valley but it has been attracting focus from the US IT sector.

    The IT Jobs sector in Belfast and Northern Ireland is a vibrant sector with over 700 ICT companies ,of which 100 are international investors. This sector contributes 70% of NIs GDP. The sector has a forecast growth of 2.4% per annum until 2021 (three times NIs overall growth rate).

    http://www.blueprintappointments.com...0/Default.aspx
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    Politics.ie Member Amach na Casca's Avatar
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    Being part of the UK is really holding back the 6 county region from developing. The problem is a lot of people would rather the area remained a deprived region under British rule than become more developed as a region within the Irish state where it could be huge beneficiaries of lower corporation tax.

    Maybe in time some unionists will come around to the idea that being a part of the UK whilst cuturally desirable for them is in fact detrimental to their regions prosperity.

    Its sad that while ni has the most educated workforce within the uk its people have the least opportunites. Hopefully this will change.
    As well might you leave the fairies to plough your land or the idle winds to sow it, as sit down and wait for freedom. - Thomas Davis

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    You can't dictate economic policies onto northern Ireland from Britain.
    The economic policies which suit Britain will never suit northern Ireland.

    Britain has almost 60 million people.
    Northern Ireland has about 1.7 and is bolted onto the Republic which can adopt its own policies to suit its own economy, effectively leaving the north incapable of attracting investment.
    Abstinence makes the Church grow fondlers.

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