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Minister For Jobs Richard Bruton Sought Tax Breaks For Multinationals In 2013


YouKnowWhatIMeanLike

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In case you need further proof for a (at least) two tier society in Ireland. Here is one outrages example how government ministers tried to sneak a tax sweetener into the budget 2013. Minister for Jobs Richard Bruton lobbied Minister Finance Noonan to reduce the income tax rate to 23 % for eligible executives earning up to €500,000 per year. while the rest of the country faces increase in taxation left, right and center.
 

seabhcan

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Holland offers low tax rates to foreign engineers and specialists who move to holland. I think its about 30%. Its been a very successful policy, and a bunch of R&D companies have relocated to Holland because of it - creating thousands of jobs for the Dutch aswell as tax paying foreigners.

Its quite a good idea. Knowledge economy, and all that.
 

YouKnowWhatIMeanLike

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Holland offers low tax rates to foreign engineers and specialists who move to holland. I think its about 30%. Its been a very successful policy, and a bunch of R&D companies have relocated to Holland because of it - creating thousands of jobs for the Dutch aswell as tax paying foreigners.

Its quite a good idea. Knowledge economy, and all that.
do you think it's equitable?
 

stopdoingstuff

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Talent is often as mobile as capital and mediocre Dublin faces stiff competition as a place where key people might want to live- London, Singapore.......
 

Fr.Ted Crilly

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Holland offers low tax rates to foreign engineers and specialists who move to holland. I think its about 30%. Its been a very successful policy, and a bunch of R&D companies have relocated to Holland because of it - creating thousands of jobs for the Dutch aswell as tax paying foreigners.

Its quite a good idea. Knowledge economy, and all that.
Maybe we should have a low rate of tax for politicians.
Maybe the rates at present is the reason we get such sh1te to vote for.
 

emulator

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Holland offers low tax rates to foreign engineers and specialists who move to holland. I think its about 30%. Its been a very successful policy, and a bunch of R&D companies have relocated to Holland because of it - creating thousands of jobs for the Dutch aswell as tax paying foreigners.

Its quite a good idea. Knowledge economy, and all that.
It is a good idea.... what you described but, that's not what Bruton was at. He was looking for tax breaks for MNC executives....
 

Ryan Tubbs

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In case you need further proof for a (at least) two tier society in Ireland. Here is one outrages example how government ministers tried to sneak a tax sweetener into the budget 2013. Minister for Jobs Richard Bruton lobbied Minister Finance Noonan to reduce the income tax rate to 23 % for eligible executives earning up to €500,000 per year. while the rest of the country faces increase in taxation left, right and center.
I actually thought this had been implemented.

Why is it disgusting? Wealthy people bring capital, investment, and jobs. At a time when executives are fleeing France (Hollande's pathetic "wealth tax") we should be bending over backwards to get them to come here.
 

The OD

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What did you expect from a two-faced back stabber?

Enda Kenny must be an unusually forgiving sort as I would never have given him a chance again after his little stunt before the last GE.
 

Fr.Ted Crilly

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Why? It was to be limited (so far as I understand) to people moving to Ireland. Meaning they currently pay 0% Irish tax because they don't live here, and would pay 23%-30% if the policy was enacted.

I think its a good idea.
Ah, the labour champagne socialist mindset.
You gotta laugh.
 

Politics matters

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In case you need further proof for a (at least) two tier society in Ireland. Here is one outrages example how government ministers tried to sneak a tax sweetener into the budget 2013. Minister for Jobs Richard Bruton lobbied Minister Finance Noonan to reduce the income tax rate to 23 % for eligible executives earning up to €500,000 per year. while the rest of the country faces increase in taxation left, right and center.
Bruton is by far the most right wing politican in Ireland, if it was up to him their would be no minimum wage, no workers rights, just a system that represents Irelands small yet powerful elite. He goes on about the importance of "small and medium sized enterprise", yet he seems to only favour big business.
 

Fr.Ted Crilly

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Remember when we paid the really, really massive amounts of money to get the best bankers on the planet working here?
The ones who knew how to maximise their tax benefits and pay as little as possible.

How did that work out again??
 

Fr.Ted Crilly

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30% of 500k is 150,000 euro per person - tax we would get with this policy that we wouldn't get without it.
Yea, because nobody already living in Ireland would work for €500k PA. :roll:
 

Nedz Newt

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Holland offers low tax rates to foreign engineers and specialists who move to holland. I think its about 30%. Its been a very successful policy, and a bunch of R&D companies have relocated to Holland because of it - creating thousands of jobs for the Dutch aswell as tax paying foreigners.

Its quite a good idea. Knowledge economy, and all that.
Ireland has equally good if not superior incentives in place already in the area of R & D credits, R & D key personnel, and special asignee tax incentives.....any move to improve these is just taking the p!ss, it can only be entities already located here chancing their arm; for an entity on the lookout for a location, Ireland is extremely attractive as it is.

If it's true that Bruton was involved in this caper, he's just plummeted in my estimation.
 

Analyzer

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Yea, because nobody already living in Ireland would work for €500k PA. :roll:
But....there are some people who would sell a school site for near enough to that amount...some people that might have been working in an area that is under the department of education.....Stickie champagne.....
 

seabhcan

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Ireland has equally good if not superior incentives in place already in the area of R & D credits, R & D key personnel, and special asignee tax incentives.....any move to improve these is just taking the p!ss, it can only be entities already located here chancing their arm; for an entity on the lookout for a location, Ireland is extremely attractive as it is.

If it's true that Bruton was involved in this caper, he's just plummeted in my estimation.
The credits are a good system. There is already a new aspect to the R&D tax credit system to allow you to assign these credits to a particular person (so they lower their personal tax rate) but its a bit complicated. A simple 30% rate for new immigrants with specialist skills would be justified (limited to the first 1 or 2 years of employment). There could be limits, like saying the job had to be unfilled for 3 months, etc.

Bruton is talking about senior executives though, and I can see the logic. Think of the advantage of having the CEO of Amazon, say, relocate to Dublin. Or IBM moving their senior sales team here. It would have a fantastic knock on effect. Increased flights, support staff, etc. Not to mention the kudos of attracting big wigs from abroad.
 

Nedz Newt

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But....there are some people who would sell a school site for near enough to that amount...some people that might have been working in an area that is under the department of education.....Stickie champagne.....
Mr Gilmore is getting portlier by the day, so much so his neck is disappearing from view, much like his colleague Mr Rabbitte.

Doesn't mean they're not made of brass though : Gilmore not embarrassed by wife
 
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