But of course, we all know that the MSFT income figures in Ireladn and those of the other multinationals have little to do with business, and everything to do with transfer pricing that minimises their global tax liability.
This isn't just confined to gardai. Nurses, Ambulance drivers and anyone who gets premium payment on a regular basis gets it. It's called Holiday Premium Pay.+1
I was shocked recently to hear that gardai got an allowance when they were on leave because they would miss out on being able to claim for some other allowances while they were away.
This isn't just confined to gardai. Nurses, Ambulance drivers and anyone who gets premium payment on a regular basis gets it. It's called Holiday Premium Pay.
Isn't it funny how no-one considers the possibility that MSFT and their cohorts might be a possible source of additional tax revenue? I guess it is easier to hit the soft targets instead.Thank God for that....we need every cent of tax revenue we can get.
I worked in payroll years ago -HSE-and on the scale of things the holiday premium pay is a drop in the big bucket.It's called taking the mickey !! What a disgrace
Isn't it funny how no-one considers the possibility that MSFT and their cohorts might be a possible source of additional tax revenue? I guess it is easier to hit the soft targets instead.
nYup – the real Socialist crackpot economics of the 70s and 80s is back. Fair play Comrade Complainer.
And the economics of the last twenty years has left us where, exactly?
In a whole lot better position than we were in 1987, when McSharry finally grabbed the country by the throat.
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Rubbish. In 1987 the government and the unions agreed a pay strategy. That worked out fine for the first few years but by the mid 90’s the unions, or more specifically SIPTU with their block vote in the ICTU, were dictating whole swathes of economic and social policy to our elected government. Their alliance with the other vested interest groups say the country carved up in an unholy trade off where the property developers CIF got their tax breaks as long as ICTU got their massive pay increases.1987. The year social partnership came into its own?
nYup – the real Socialist crackpot economics of the 70s and 80s is back. Fair play Comrade Complainer.
nJack up Corporation Tax and see how long it takes Microsoft, Intel, and all the other globally mobile companies that have brought so many high quality highly paid jobs into our economy to rework the business case and up sticks and go to Eastern Europe or India.
In case you have not noticed, a large number of globally mobile companies are already on the very of relocating due to our excessive labour costs and restrictive working practices. Dell are just the most public example.
nWith the large scale mass unemployment that increasing corporation tax rates would trigger, who is going to pay for the gold plated pesnions for overpaid public servants then?
Even the twits in Planet SIPTU aren’t suggesting to increase corporation tax.
The year that the Unions finally agreed that their belligerent tactics weren't working,
the year that huge pay rises and recruitment in the public sector ended dramatically,
the year that socialist dogma pedalled by Labour was decimated in elections,
the year that low corporate taxes were copperfastened into government policy,
the year that the Progressive Democrats shaped economic policy for the following decade,
the year that that the decimation casued by the profligacy of the Fitzgerald and Lynch eras ended.
We need another cold bath like this to save the economy - but our current batch of politicians of all parties lack the spine to do this
In the 1987 election, Labour dropped 4 seats, from 16 down to 12. Certainly not a good result, but hardly 'decimation'. Given the the Workers Party gained two seats, and FG suffered even bigger losses with their right-wing policies, there is no basis to claim this represents a rejection of socialist policies by Irish voters. And isn't it strange how you didn't feel it necessary to mention the Spring tide bounce back in 1992?The introduction in 1981 of the 10% tax on manufacturing was simply the easiest way to adjust to the demands of the EEC to abolish the export relief, which the EEC viewed as discriminatory. With the accession to the EEC, the advantages of this policy became increasingly obvious to both the Irish government and to foreign multi-nationals, by 1982 over 80% of companies who located in Ireland cited the taxation policy as the primary reason they did so. During the Rainbow Government of 1994-7, Minister of Finance Ruairi Quinn reduced corporatioAn tax to 12.5% on trading income,[citation needed] a policy that has been continued by subsequent Ministers of Finance. This is generally believed to have been an important stimulus for the Celtic Tiger.
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