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Thread: Black economy will rocket post budget. Do you blame them?

  1. #1
    Politics.ie Member
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    Default Black economy will rocket post budget. Do you blame them?

    As if tax receipts were not bad enough. I think there will be a huge increase in cash only, no VAT etc, transactions. I know it was always there, but surely it will increase big time?

    Do you support this way of business?

    I personally am not happy about this, primarily because I cannot channel any of my income into a tax free element like providers in the black.

    Mind you, I would say that recipients might be happy to get a job done cheaper.

    It all detracts from the pain we have to undergo.

    So.... to curtail it, why not make the recipients (if caught) also be responsible for procuring such services..

    or... give say up to €1000 tax credit for jobs done by those who are legit.

    Of course the credit will only affect those still paying tax!

    Still, I do not like the black. Everyone should contribute now.

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    Politics.ie Member greengoose2's Avatar
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    FF speak!

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    Politics.ie Member bormotello's Avatar
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    Quote Originally Posted by asset test View Post
    Still, I do not like the black. Everyone should contribute now.
    Why?
    Government will waste money anyway
    Why people couldn't save on black market money which government took from them due excessive populism in previous years?

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    Quote Originally Posted by bormotello View Post
    Why?
    Government will waste money anyway
    Why people couldn't save on black market money which government took from them due excessive populism in previous years?
    So what do you say to someone who is not in a position to benefit from tax free earnings then? Do you admire someone who is creaming it like that while others pay through the nose in their taxes?

    I don't blame them for having to do it, but I don't agree with it, because it is not helping matters in the general scheme of things.

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    Politics.ie Member louis bernard's Avatar
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    The black economy balloons in banjaxed economies like Irelands. There will be an enormous rise in cash in hand jobs from now on.

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    Politics.ie Member Telemachus's Avatar
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    I will reduce the amount of tax I pay in anyway I can. I am doing my patriotic duty by not giving cash to our bankrupt elite to squander.

    I have'nt bought irish ciggies since May of this year for example. If people can avoid paying any taxes, good look to them.

    Even if we didnt have the bailout to content with, the cost of the PS is far too high, they'll have to learn to survive on a lot less, sadly though the top half will keep their high salaries and just encourage job cuts for the low paid PS worker.
    ..the Irish nation can become other than white, by privileging the voices of the racialised and subverting state immigration but also integration policies. – Ronit Lentin

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    "Do you support this way of business?"

    NO, I can't!

    Not alone will it drop tax receipts but it will also have the large knock on of putting small businesses like me OUT OF BUSINESS ( as if it were not bad enough ) because I will not be able to compete with the CASH Price. The affect of this will be further degrade of tax revenue. Although I will not be a burden ... being self employed means ZERO dole!

    This has been coming for a while. I have been asked by other businesses and individuals over last few months "Will I do xyz for Cash". NO was my answer!

    This is where the AH THATS DIFFERENT brigade will start appearing. The house holders, the joe / mary on the street.

    For the cash economy to balloon it takes two to tango. Problem is joe and mary citizens usual answer when asked why THEY take part in things like the cash economy ( besides cheaper ) is normally .. yes you guessed .. AH SHUR THATS DIFFERENT where they are concerned.

    They are faultless of course because its someone else who accepted to do the cash job even if they themselves asked for a cash job in the first place!

    Its no longer joe and mary citizens fault or responsibility because the guy doing the job accepted there request. Thats the thinking of the AH SHUR THATS DIFFERENT brigade!

    Robut

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    Politics.ie Member eoghanacht's Avatar
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    In light of the figures we've seen today it's every man for himself i'm afraid.
    Britain operated death squads - ''97% of the Loyalists I interviewed were working directly for the State.'' - Nuala O'Loan. #FreeAhedTamimi

  9. #9

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    Is this a joke post?

    The black economy is huge

    Go on to Gumtree ring up any of the ads most will do it cash in hand - majority are signing on

    By most I mean 99%

    Don't take my word for it - check yourself.

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    Some black martket, like petrol etc, is good for the people and keeps the money in the community instead of big corporations.

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