Increasing the rate of corporation tax would be the final nail in this country's coffin
Increasing the rate of corporation tax would be the final nail in this country's coffin12.5 % corpo tax. How much would 1% on this bring in.
Lads and lassies,
You will be getting this pension when you retire.
Ok Purple, tell me as someone of 45 who earns 36k how i would provide for my old age and have an income of say 15K when I get to 65? I have a small mortgage and three children, I still in college. Just how much would I need to invest each month so i don't have to depend on a state pension?
You, I presume, are paying social insurance. That in itself is providing for your future, or at least it would be if we weren't overpaying our current pensioners (based on the fact or our changing demographics we should be saving a massive amount in order to pay for our future pension liabilities).
If your income doesn't allow you to provide any pension (even €100 a week would be a great top up on the state pension) then you may have to work past 65.
Increasing the rate of corporation tax would be the final nail in this country's coffin
Our multinationals? lol! - you mean America's multinationals (and other country's MNCs who like low corp tax)Why do you say this. What's the corporation tax in the UK 21-28%, Germany 15.82% , France33.33%, Finland 26%, Luxemburg 29.63%, Belgium 33.99%, Sweden 26.3%, Russia 24%, Poland 19%,Italy 37.25%, Iceland 26%, Austria, 25%, Netherlands 25.5%, Spain 30%,
Ireland 12.5% - There is something wrong with this. It's time for our multinationals to pay more tax.
Our multinationals? lol! - you mean America's multinationals (and other country's MNCs who like low corp tax)
The main reason Google, Microsoft and Intel etc, etc... are here is because of low corporation tax. I thought that was understood.
Raise this tax and these companies may find that it's not as lucrative to stay here and they'll go. Isn't America already putting the pressure on?
I'm sure the 12.5% figure is worked out to take other factors into consideration to make it worthwhile for these companies to stay. Upset the balance and they'll leave. It really is the last thing that needs to be touched.
(If they did leave, maybe indigenous companies would be able to afford staff, and grow. Just a theory)
Really, do you have a source? I make that now on a salary of €55k. If I was to get €700 a week as a pensioner my final salary would need to be circa €100k pa with 40 years service. It's possible for me to achieve based on the current rules but it's hardly typical.The 700pw pensions that are typical among many public servants could be cut.
People in the US will not tolerate having to call up India.India.
Means test ,means test , means test
Do not just blanket cut people who have to live on 230 quid a week. These people have paid tax and worked their whole Life.
I think they should get free tv license, free heating and yes a medical card so they do not have to fret about having to pay to see a doctor. They've got past the finish line of working up to retirement age . Give them a break.
Lads and lassies,
You think you are talking about old people that you do not know, you are actually talking about yourselves. You will be getting this pension when you retire.
You will be the grey hair brigade. There is no difference between you or them apart from the fact that you will be them in a few years time.
Would you like to see these older people without a pension scrimping just to feed themselves and heat the house.(Mabe you would hand them out tins of cat food)
What happens if pensions are removed. What happens people who do not have occupational pensions or did not have the foresight to put away money for their retirement.
We are a small island off the coast of a bigger island off the coast of Europe. Costs are higher here than in most of Western Europe and all of the Eastern Europe. Companies here have access to a tiny pool of skilled labour (There are 20 million people within a two hour drive of Düsseldorf). The notion that we have a world class education system is laughable. Our ability to link between universities and industry is (and I’m being very kind here) embryonic. We have very low levels of multilingualism and we have very little indigenous industry.Why do you say this. What's the corporation tax in the UK 21-28%, Germany 15.82% , France33.33%, Finland 26%, Luxemburg 29.63%, Belgium 33.99%, Sweden 26.3%, Russia 24%, Poland 19%,Italy 37.25%, Iceland 26%, Austria, 25%, Netherlands 25.5%, Spain 30%,
Ireland 12.5% - There is something wrong with this. It's time for our multinationals to pay more tax.
Can somebody answer how much 1 2 and 3 % on corporation tax incrase would bring in assuming all else is equal.
There is absolutely no reason why we could not increase this tax rate even taking into account wages and transport costs.
Freight in and out costs to Ireland will be similiar to what all these countries would pay assuming they buy raw materials in asia.Approx: 2% of revenue so this is not really an arguement, Our education standard is on par if not better that our Euro neighbours so that argument is out. so why not increase Corporation tax. Even if it went up by 5% we would still be lower than most countries in the world.
What you need to understand is that there are enough hard working people out there at the moment to support the pensions pyramid scheme. By the time we retire, there won't be.
India.
Really, do you have a source? I make that now on a salary of €55k. If I was to get €700 a week as a pensioner my final salary would need to be circa €100k pa with 40 years service. It's possible for me to achieve based on the current rules but it's hardly typical.
The State pension (contributory) should not be cut.
Public sector pensions should be cut, in line with the public sector pay cuts.
The 700pw pensions that are typical among many public servants could be cut.