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OECD: Ireland should back small firms over tax breaks for multinationals

farnaby

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THE WORLD’S LEADING think-tank believes Ireland needs to give more support to small, local firms rather than focusing its attention on tax breaks for multinationals.

...a recent “surge” in knowledge-based investment by multinationals ... was unlikely to trickle down to “smaller, national firms” due to their “weak linkages” with global players.


https://fora.ie/small-business-support-ireland-2801425-Jun2016/


We persist with an economic model developed in the late 80s which has done a lot of good but must diversify before the next economic shockwave hits us, and make us more resilient through a stronger SME sector.
 


farnaby

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Reckon this is genuinely one of those threads that posit a no-brainer so no one bothers to discuss it. Bump nonetheless.
 

Clanrickard

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SMEs don't come with the instant razzmatazz of the big multinationals. What is needed for SMEs to flourish is well known but the farrago of school teachers, small town lawyers and assorted ragbag of "activists" know nothing of business.
 

Sister Mercedes

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Irish policy makers and their PS apparatchiks have no time for SME's. They don't give them the opportunity for first class flights to MNC HQ's in the USA, pictures in the local paper, breathless jobs announcements on the 6.1 news etc. Never mind that SME's employ 7 out of every 10 workers in the State.

Not many pols looking to have their picture taken when the MNC ups sticks and moves somewhere cheaper.
 

EUrJokingMeRight

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Listen up fools, a photo op with a multinational in the national paper heralding 100 jobs gets many more votes for 'de party' than 100 local independents getting 3 local jobs each in the local papers. 100 vs 300!

Do the maths.

Dont vote for 'de party', not only have they 'negotiated' less jobs on worse conditions but they've also picked up a brown envelope for themselves to negotiate a 'fair rate' with the revenue department.

The 'fair rate' is about 1% of what you - their regular voter, aka the PAYE voter, is paying.

Edit: Credit to Spanner for the heads up.
 
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EUrJokingMeRight

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An Irish person assessing whether or not to dip his or her hand into Irish SME waters is immediately dizzied by the lack of blood going to the brain after reading 2% of the 'requirements, charges, levies and taxes' associated with such folly.

A handy SME trying to get off the ground in PS pension centric Ireland is best summed up as follows:

 

GabhaDubh

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As SME's account for 99% of all business in the EU, everything should be pushed by our government to incubate, foster and promote home grown SME's. As we are operating pretty much with all our eggs in one basket with the bait of low taxation for foreign corporations, we should be planning for another worse case scenario with the inevitable cyclical downturn.
 

subic

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Oh them poor poor SMEs they never get a break. No tax breaks, no employing people on the dole breaks, no county funds, no jobsbridge/FIS/Casual jobseekers social welfare breaks and no write tax offs.

Help a starving SME today, please donate...
 

ibis

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SMEs don't come with the instant razzmatazz of the big multinationals. What is needed for SMEs to flourish is well known but the farrago of school teachers, small town lawyers and assorted ragbag of "activists" know nothing of business.
What's probably needed is a clear indicator of the health of SMEs at a local level - something like a constituency level index of SMEs opening, closing, hiring, firing.

Surely someone like ISME or IBEC could fund a regular survey and publicise the results (assuming the existing MRBI poll is too national)? Make the launch of the index each year a big photo-op, and you'd see the politicians scrambling to be there. Chuck in a 'best TDs for SMEs' awards list for extra PR value.

Doesn't require any political buy-in to start off with - political buy-in is assured.
 

irishpatriot

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https://fora.ie/small-business-support-ireland-2801425-Jun2016/


We persist with an economic model developed in the late 80s which has done a lot of good but must diversify before the next economic shockwave hits us, and make us more resilient through a stronger SME sector.
I totally agree that this is what is needed to save our country. But while FG/FF are in power it will never happen as they stand by their future employers the corporations.
 

EUrJokingMeRight

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As SME's account for 99% of all business in the EU, everything should be pushed by our government to incubate, foster and promote home grown SME's. As we are operating pretty much with all our eggs in one basket with the bait of low taxation for foreign corporations, we should be planning for another worse case scenario with the inevitable cyclical downturn.
If this is Ireland during an upturn we are well and truly shagged to hell.
 

Fractional Reserve

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Oh them poor poor SMEs they never get a break. No tax breaks, no employing people on the dole breaks, no county funds, no jobsbridge/FIS/Casual jobseekers social welfare breaks and no write tax offs.

Help a starving SME today, please donate...
public sector worker i presume ?
 

Spanner Island

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Listen up fools, a photo op with a multinational in the national paper heralding 100 jobs gets many more votes for 'de party' than twenty local independents getting 3 local jobs each in the local papers. 100 vs 300!

Do the maths.

Dont vote for 'de party', not only have they 'negotiated' less jobs on worse conditions but they've also picked up a brown envelope for themselves to negotiate a 'fair rate' with the revenue department.

The 'fair rate' is about 1% of what you - their regular voter, aka the PAYE voter, is paying.
:confused:
 

Jim Car

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One way to create jobs would be to allow small employers and small firms to claim the fully cost of hiring people back from the taxes they have paid. It can be controlled by capping the number of people that can be hired on a scheme at 2 or 3 or what ever is deemed suitable. It would be a very effective way of creating jobs though there are a few problems with it.
 

daveL

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Oh them poor poor SMEs they never get a break. No tax breaks, no employing people on the dole breaks, no county funds, no jobsbridge/FIS/Casual jobseekers social welfare breaks and no write tax offs.

Help a starving SME today, please donate...
you're an idiot
 

Spanner Island

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you're an idiot
There's plenty of them (idiots) around...

Idiots who seem incapable of distinguishing between the majority of SME businesses/self employed who don't make fortunes, who do pay their way, who are discriminated against when it comes to 'state' protections if the sh!t hits the fan etc.... and the relatively small number of overpaid tax dodging global conglomerate whores who basically crap on everyone...

Very simplistic black and white stuff from people with very simple and/or under-developed minds...
 
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SamsonS

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One way to create jobs would be to allow small employers and small firms to claim the fully cost of hiring people back from the taxes they have paid. It can be controlled by capping the number of people that can be hired on a scheme at 2 or 3 or what ever is deemed suitable. It would be a very effective way of creating jobs though there are a few problems with it.
Arguably such a scheme exsists, its called Jobsplus, where an employer gets money if they employ someone from the live register. By this time last year around 5000 people in 3500 employers were supported by the scheme.
 

Notachipanoaktree

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Oh them poor poor SMEs they never get a break. No tax breaks, no employing people on the dole breaks, no county funds, no jobsbridge/FIS/Casual jobseekers social welfare breaks and no write tax offs.

Help a starving SME today, please donate...
That folks is what your average P&CS worker thinks of you. Not saying he's wrong, but it's out there, deal with it.
As far as the multis are concerned, the American Corporate Culture is about as society friendly as a Jehovahs Witness in bum central.
 

EUrJokingMeRight

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How right you are, clearly I wasnt typing what I was thinking :D Dementia alert lol

100 local indos, getting 3 jobs each goes unheralded as we all know even though it has 3 times the effect of revenue and Irish society.

I'm off to find an abacus :)
 

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