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Staff Shortages in Ireland.

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    #422
    tinytobe
    Registered Users Posts: 2,395 ✭✭✭tinytobe


    https://www.boards.ie/discussion/comment/120143115#Comment_120143115

    I am a bit tired about that endless "we are a rich country". If we were rich we could afford all the rents in Ireland, or to house everybody in need in public housing.

    This is certainly not the case.

    The fact is the country can't grow economically with these staff shortages and these staff shortages will continue as long as there is no housing.



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    #423
    ELM327
    Registered Users Posts: 21,952 ✭✭✭✭ELM327


    https://www.boards.ie/discussion/comment/120160444#Comment_120160444

    Just because we waste too much money on beurocracy and lifetime dole wasters doesnt mean we arent a rich country. Look at our GDP and our income per capita



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    #424
    xxxxxxl
    Registered Users Posts: 5,273 ✭✭✭xxxxxxl


    https://www.boards.ie/discussion/comment/120160478#Comment_120160478

    GDP does not work for Ireland. MNC distort it massively.



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    #425
    tinytobe
    Registered Users Posts: 2,395 ✭✭✭tinytobe


    https://www.boards.ie/discussion/comment/120161188#Comment_120161188

    Since these multinationals are mentioned. Ireland isn't rich, Ireland is actually with the back against the wall and doing anything to attract those multinationals to stay in Ireland, - even though they are paying less tax than anywhere, it's good enough for Ireland.

    In customer oriented jobs at Microsoft or Salesforce, they do indeed pay a high salary, - but also these employees end up sharing apartments for 1200 Euros a month and upwards, - on a basic salary of somewhere between 50.000 for a beginner and a whopping 90.000 depending on experience in the industry, commission on top. Still they are living in shared arrangements as the option to rent of their own simply isn't there.

    Also, be advised that in Silicone Valley multinationals in IT also offer to provide and even build accommodation for their employees. They want them to stay, and they are not only there for tax reasons.



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    #426
    AndrewJRenko
    Registered Users Posts: 28,939 ✭✭✭✭AndrewJRenko


    https://www.boards.ie/discussion/comment/120128487#Comment_120128487

    Revenue seem to disagree with you.


    https://www.revenue.ie/en/property/rental-income/irish-rental-income/what-expenses-are-allowed.aspx

    Mortgage interest

    You may be allowed claim Mortgage Interest Relief against your rental income. The interest must be from a mortgage that is used to purchase, improve or repair your rental property.

    You can claim Mortgage Interest Relief if you are registered with the Residential Tenancies Board (RTB):

    while your property is rented out

    in between renting out the property as long as you do not live in it during that time.

    You cannot claim Mortgage Interest between the time you buy the property and the time you first rent out the property.


    As do Cooney Carey;

    From the 7th of April 2009 the tax relief for landlords on mortgage interest paid on debt used to purchase, improve or repair a residential property has been restricted to 75% of the interest incurred in the year. With effect from 1 January 2017 the amount restricted increases to 80%. The restriction will increase by 5% every subsequent year until the full 100% of interest incurred is allowable. Landlords will therefore be entitled to a full interest deduction with effect from 1 January 2021. For landlords renting properties to tenants availing of Housing Assistance Payment (HAP) scheme, 100% of the mortgage interest can be claimed on condition that an undertaking is given that the property be rented to HAP tenants for at least 3 years. Mortgage interest is claimed, subject to the above restrictions, in the first 3 years of the tenancy. 



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    #427
    Hotblack Desiato
    Registered Users Posts: 34,709 ✭✭✭✭Hotblack Desiato


    https://www.boards.ie/discussion/comment/120161382#Comment_120161382

    Rubbish. Just because there's an accommodation crisis (and Ireland is far from alone in this) doesn't mean it stops being a rich country.

    Multinationals are not here only for the tax. We increased our corporation tax, didn't see any pulling out as a result. We didn't have the lowest corporation tax in the EU to begin with, anyway.

    Silicone Valley is where they make "adult" entertainment.

    The price of accommodation in a place like San Francisco makes Dublin look cheap

    Fingal County Council are certainly not competent to be making decisions about the most important piece of infrastructure on the island. They need to stick to badly designed cycle lanes and deciding on whether Mrs Murphy can have her kitchen extension.



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    #428
    tinytobe
    Registered Users Posts: 2,395 ✭✭✭tinytobe


    https://www.boards.ie/discussion/comment/120162732#Comment_120162732

    This is partially true, what renting in San Francisco is concerned. One bedroom apartments for 4000 Dollars and upwards, and not even luxurious.

    Where Ireland is really alone on this are these endlessly long queues just for viewing one apartment. I've been around a lot, I've seen high rents here and there, but honestly never what Dublin is like.

    In Ireland people tend to downplay the problem. It's happening elsewhere as well, we're not alone, we're rich, nothing to worry, etc... Yes, sure, London in the UK can be way way more expensive to rent but again, you don't have these queues, and in Zone 3 or Zone 4 it's more than affordable.

    And also, some multinational IT companies in Ireland do have a smaller footprint these days regarding their office size.

    https://www.irishtimes.com/business/2022/12/22/tech-giants-ditch-office-space-in-london-and-europe/



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