People under age 25 should get €750 tax credit a year in a bid to stop them from emigrating as soon as they graduate, according to Enterprise Minister Peter Burke. The Fine Gael minister believes the tax credit should be at the centre of party policy as it would help to keep young, skilled people in Ireland.
In contrast, IPAS applicants are entitled to at least € 5.0k (minimum € 113/week) and a further € 100/week (ie €10,000 a year) after a PPSN has been issued and their application for asylum is being processed (which can take years).
People under age 25 should get €750 tax credit a year in a bid to stop them from emigrating as soon as they graduate, according to Enterprise Minister Peter Burke. The Fine Gael minister believes the tax credit should be at the centre of party policy as it would help to keep young, skilled people in Ireland.
In contrast, IPAS applicants are entitled to at least € 5.0k (minimum € 113/week) and a further € 100/week (ie €10,000 a year) after a PPSN has been issued and their application for asylum is being processed (which can take years).
Bearing in mind the cash value of any tax credit is probably worth < 50% of face value, I would like to see him explain how the policy would work? Does Minister Burke seriously believe that the Government's policy will work and persuade young graduates to remain in Ireland.
The system already does that at a low level. An example I came across recently was the SUSI grant system, Irish pay postage and guests of the state have free post.So presumably you're advocating that the €750 tax credit should, instead, be allocated to the IP applicants to encourage them to relocate to some other land of milk and honey? Why not drop a line to Peter Burke outlining your wizard suggestion? I'm sure that he'll be delighted to hear from you.
A €750 tax credit is worth €750.People under age 25 should get €750 tax credit a year in a bid to stop them from emigrating as soon as they graduate, according to Enterprise Minister Peter Burke. The Fine Gael minister believes the tax credit should be at the centre of party policy as it would help to keep young, skilled people in Ireland.
In contrast, IPAS applicants are entitled to at least € 5.0k (minimum € 113/week) and a further € 100/week (ie €10,000 a year) after a PPSN has been issued and their application for asylum is being processed (which can take years).
Bearing in mind the cash value of any tax credit is probably worth < 50% of face value, I would like to see him explain how the policy would work? Does Minister Burke seriously believe that the Government's policy will work and persuade young graduates to remain in Ireland.
With the greatest respect, €750 is about as relevant as a free packet of crisps in the context of deciding to remain in Ireland or not.It's a small step in the right direction
Does Minister Burke seriously believe that the Government's policy will work and persuade young graduates to remain in Ireland.
Those who will leave fall into a number of categories.
Those who are going on an adventure.
This will not matter to them.
Those who have no choice.
This will not matter to them.
Finally we get to the targeted audience.
Those who may or may not leave.
They may believe that this amount is sufficient to tip the balance to remaining for some.
I have my doubts but politicians tend to have some daft views.
can you show me the reference for that?The system already does that at a low level. An example I came across recently was the SUSI grant system, Irish pay postage and guests of the state have free post.
I don't want to start an argument over it, I am just stating a fact I discovered. There was once a time when all government/state institutions had Freepost. I went Googling for SUSI Freepost these are the results.can you show me the reference for that?
Not so sure.It seems like a very broad measure to try and influence those who are on the fence. Would be interested to see how many people they think they can change minds of.
I can’t imagine it would prove good value for money. Just buy a few votes.
But you can't get a packet of Cheese and Onion Tayto's everywhere.With the greatest respect, €750 is about as relevant as a free packet of crisps in the context of deciding to remain in Ireland or not.
Controls work in some countries which have to them, but not in others. We had a discussion with a consultant about this, he actually asked the question to my wife.750e is not even a carrot, more like the bottom end of a carrot.
Certain roles should require work in Ireland to pay off the investment made by the education system. A doctor for example is expensive to train, and a bond should exist so if they want to leave they have to pay 100k
In parallel where shortages exist we should hire for some of these education programmes - you don't need to ace the leaving cert to be a doctor, indeed many who ace the leaving cert have high IQ and no EQ (required for bedside manner and teamwork). Pilot training used to be for the state airlines and only for elite people (aka nepotism), now it can be done privately, and effectively as Ryanair demonstrates
Not so sure.
Bear in mind that every graduate who stays will likely become a taxpayer contributing to the states coffers.
So each successful remainer would be a nett contributor .
As to how many stay I agree that that's the 60 million euro question.
Two of my daughters, who will graduate in a few years time, have told me they will be off to Australia. Many of their friends have a similar outlook. Ultimately I expect that four of my six children will emigrate. Piecemeal tax measures won't make any real difference.I certainly would be thinking of leaving if I was a newly qualified graduate.
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