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The budget should have increased corporation tax instead of crucifying PAYE workers

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  • 08-04-2009 4:54pm
    #1
    true doub
    Closed Accounts Posts: 1 ✭


    Yesterdays Budget further oppresses the long suffering PAYE worker by imposing more taxes (levies) on them. The government says that the tax base is too narrow and claims that they want to share the pain so why is business getting off without paying its fair share? Why have we the lowest or the 2nd lowest rate of corporation tax in the EU? At the same time IBEC screams for everyone bar themselves to be cut to the bone? And the other 'social partners' adopt a see no evil hear no evil approach and refuse to embarrass IBEC member companies who are paying a pittance in corporation tax as compared to companies in other other EU countries, while at the same time overcharging the public and trying to cut wages for their workers. I thought IBEC and the gravy train politicans wanted to copy the EU so why dont they pay the average EU rates of corporation tax, or even close to it?
    It is blatently obvious that there is no economic justice in this FF/banker/builder/ibec republic but I cannot understand why is there no real opposition from the 'opposition' parties?


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    #2
    jdivision
    Registered Users Posts: 4,260 ✭✭✭jdivision


    Because the multinationals based here created a huge amount of employement and those that route their global or EMEA earnings through Ireland generate a huge amount of money for the Gvot which pays for a lot of services. If we increase the taxes, they'll just route them through a different country where the rate is lower. Whatever way we look at it, the splurge in public sector pay which has almost tripled since 2000 is the real problem here, as is the high level of social welfare. Until the public service properly funds its pension provisions this is only the tip of the iceberg. Just think about how much tax we'll be paying in 20 years time.


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    #3
    francish
    Closed Accounts Posts: 74 ✭✭francish


    Companies are not faceless. Corporation tax should be zero. If you want to tax foreing individuals for investing in ireland and drive all multnatinationals out of the country you apply the tax on the distribution of their profits.


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