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Relatively painless budget


hammer

Well-known member
Joined
Jul 6, 2009
Messages
58,514
Do we have no balls in Government?


Eliminate travel tax
Cut airport charges
Keep tolls as they are - no further costs to business
Reduce commercial rates by 5%
Eliminate employers PRSI for new jobs created - two years


Pension relief restricted to 30%
Cut all overtime in PS
Cut all quango boards by 40%
Cut all fees to directors on these boards by 40%
Reduce paye allowance by €330
Reduce tax band to €35,000
Increase standard rate tax by 2%
Leave EXCISE duty alone
Reduce childrens allowances by €10 per child
Cut HSE administration staff by 10,000

Easy :)
 

controller

Well-known member
Joined
Feb 25, 2009
Messages
3,176
I keep getting the feeling that the Government are following an accounting exercise of just cuts, like you would get from a Junior Cert student, rather than following an economic exercise where properly placed cuts coupled with investments would be the way to go.....
 

hammer

Well-known member
Joined
Jul 6, 2009
Messages
58,514
Even watching prime time the other night with T2 €1.3 billion needing to get repaid they somehow think that it will be repaid by charging a fewer number of people using the airport extra taxes :)

A blindman could see that they need more people using the airport........and the way to do this is lower taxes & charges.

We are snookered as we have a Dept of Finance alsolutely clueless without necessary business experience. A bunch of civil servants will save the economy. Not on your nellie.

People with the knowledge of Patrick Neary, Roddy Molloy and their like. HO HO HO
 

eoghanacht

Well-known member
Joined
Apr 18, 2006
Messages
33,340
A back to work scheme where the employer and the dole share the wage cost
 

eoghanacht

Well-known member
Joined
Apr 18, 2006
Messages
33,340
I keep getting the feeling that the Government are following an accounting exercise of just cuts, like you would get from a Junior Cert student, rather than following an economic exercise where properly placed cuts coupled with investments would be the way to go.....
Yep, better men than i have said we can't cut our way out we have to spend our way out
 

hammer

Well-known member
Joined
Jul 6, 2009
Messages
58,514
We are considering an increase in VAT & Excise.

How the HELL will that encourage people to spend more :)

You need to cut VAT to encourage extra spending.

You also need the Revenue to contribute to the budget. The biggest tax defaulters always leave huge VAT bills behind. Maybe a system where VAT registered businesses do not charge each other VAT.
 

Grailknight

Member
Joined
Nov 18, 2008
Messages
12
Do we have no balls in Government?


Eliminate travel tax
Cut airport charges
Keep tolls as they are - no further costs to business
Reduce commercial rates by 5%
Eliminate employers PRSI for new jobs created - two years


Pension relief restricted to 30%
Cut all overtime in PS
Cut all quango boards by 40%
Cut all fees to directors on these boards by 40%
Reduce paye allowance by €330
Reduce tax band to €35,000
Increase standard rate tax by 2%
Leave EXCISE duty alone
Reduce childrens allowances by €10 per child
Cut HSE administration staff by 10,000

Easy :)
Tax the rich

Easy :)
 

nonpartyboy

Well-known member
Joined
Dec 24, 2006
Messages
6,857
Relatively pain free....abolish all quangos, no redundancy payments required. Decide which quangos were actually required, get all the civil/public servants sitting on their holes doing little (not their fault) but supporting the management pyramid and get them to do this work.
 

Broke

Well-known member
Joined
Oct 1, 2010
Messages
480
Do we have no balls in Government?


Eliminate travel tax
Cut airport charges
Keep tolls as they are - no further costs to business
Reduce commercial rates by 5%
Eliminate employers PRSI for new jobs created - two years


Pension relief restricted to 30%
Cut all overtime in PS
Cut all quango boards by 40%
Cut all fees to directors on these boards by 40%
Reduce paye allowance by €330
Reduce tax band to €35,000
Increase standard rate tax by 2%
Leave EXCISE duty alone
Reduce childrens allowances by €10 per child
Cut HSE administration staff by 10,000

Easy :)
That sounds like a good idea to me.
 

Gemlarkin

Active member
Joined
Oct 2, 2010
Messages
239
What about inheritance tax and gift tax?

Do we have no balls in Government?


Eliminate travel tax
Cut airport charges
Keep tolls as they are - no further costs to business
Reduce commercial rates by 5%
Eliminate employers PRSI for new jobs created - two years


Pension relief restricted to 30%
Cut all overtime in PS
Cut all quango boards by 40%
Cut all fees to directors on these boards by 40%
Reduce paye allowance by €330
Reduce tax band to €35,000
Increase standard rate tax by 2%
Leave EXCISE duty alone
Reduce childrens allowances by €10 per child
Cut HSE administration staff by 10,000

Easy :)
What about inheritance tax and gift tax?

With declining property values it will take a lot of people out of the tax net.

28,000 people died in the State last year

Ultimately their estates will pass to their clildren or relatives.
By increasing rates and lowering exemption thresholds we could raise a few billion a year

The big danger is that we would simply waste this money
 

patslatt

Well-known member
Joined
Apr 11, 2007
Messages
13,693
10 point plan

Do we have no balls in Government?


Eliminate travel tax
Cut airport charges
Keep tolls as they are - no further costs to business
Reduce commercial rates by 5%
Eliminate employers PRSI for new jobs created - two years


Pension relief restricted to 30%
Cut all overtime in PS
Cut all quango boards by 40%
Cut all fees to directors on these boards by 40%
Reduce paye allowance by €330
Reduce tax band to €35,000
Increase standard rate tax by 2%
Leave EXCISE duty alone
Reduce childrens allowances by €10 per child
Cut HSE administration staff by 10,000

Easy :)
Front loading of austerity would restore the confidence of the bond markets,the government's financial lifeline.This should reduce the punitive interest rates on government debt and facilitate debt rollovers. Reduced interest rates alone,which conceivably could drop by several percentage points,could stimulate a strong ecomomic recovery.

The key question is,will the government stop dithering and take ruthless actions (like the courageous UK government) as follows?:
1)eliminate useless quangos (though not all;and not just reintegrate them as civil servants)
2)cut the pay of the cabinet and top and mid-level public sector workers to levels prevalent in small advanced EU countries like Sweden,Denmark and Finland in order to lead by example
3)apply pension indexing links to cost of living instead of pay increases in the job occupied formerly
4)require public sector workers to contribute the full actuarial contributions needed to fund pensions
5)tax childrens' allowances
6)replace the HSE dinosaur with a system like Holland's in which the money follows the patient (but some very high tech services need to be licenced as monopolies to limit costs)
7)tax redundancy payments (which in the case of ESB Networks are approaching half a million euro a year)
8)cut the public sector numbers by 25% (the bond market won't wait for slow attrition through retirements and resignations),including the Gardai where half the admin work could be done by civilians.
9)Restore university fees to prevent the inevitable deterioration in the quality of third level education (politicians won't fund it properly as they rate the quality of third level education low on their list election priorities)
10)sell off semi-states,while regulating those with privatised monopolies
Edit/Delete Message
 

oggy

Well-known member
Joined
Oct 28, 2009
Messages
8,958
Do we have no balls in Government?


Eliminate travel tax
Cut airport charges
Keep tolls as they are - no further costs to business
Reduce commercial rates by 5%
Eliminate employers PRSI for new jobs created - two years


Pension relief restricted to 30%
Cut all overtime in PS
Cut all quango boards by 40%
Cut all fees to directors on these boards by 40%
Reduce paye allowance by €330
Reduce tax band to €35,000
Increase standard rate tax by 2%
Leave EXCISE duty alone
Reduce childrens allowances by €10 per child
Cut HSE administration staff by 10,000

Easy :)
These measures add up to the 19b deficit ?
 

Sensor

Well-known member
Joined
Oct 7, 2009
Messages
530
Unbeliveable ! We giveaway 671 million to other countries ! Does any other country give 2.5% of the tax take in overseas aid ?
 
Last edited:

hammer

Well-known member
Joined
Jul 6, 2009
Messages
58,514
These measures add up to the 19b deficit ?
Waiting for the Dept of Finance to cost them...........if they had an accountant :)

Can anyone imagine the devastation if €18 billion or so is taken from the economy in the next 4 years ?

How can people pay higher debt costs with less disposable income and grow the domestic economy. Harry bleedin Potter couldn`t do that :)
 

Panopticon

Well-known member
Joined
May 27, 2009
Messages
5,576
Do we have no balls in Government?


Eliminate travel tax
Cut airport charges
Keep tolls as they are - no further costs to business
Reduce commercial rates by 5%
Eliminate employers PRSI for new jobs created - two years


Pension relief restricted to 30%
Cut all overtime in PS
Cut all quango boards by 40%
Cut all fees to directors on these boards by 40%
Reduce paye allowance by €330
Reduce tax band to €35,000
Increase standard rate tax by 2%
Leave EXCISE duty alone
Reduce childrens allowances by €10 per child
Cut HSE administration staff by 10,000

Easy :)
These all cost money in real terms. The rest isn't costed so we don't know how much it would help. Basically you have provided us with a businessman's charter, but it is not painless to anyone who is not a businessman.
 

hammer

Well-known member
Joined
Jul 6, 2009
Messages
58,514
Do not agree.

We cannot have recovery unless we have business.

We need tourists and we need the SME sector to employ people. Every job created saves the exchequer €20,000 with the knock on effect that the employee has spending power once again.
 

Panopticon

Well-known member
Joined
May 27, 2009
Messages
5,576
Do not agree.

We cannot have recovery unless we have business.

We need tourists and we need the SME sector to employ people. Every job created saves the exchequer €20,000 with the knock on effect that the employee has spending power once again.
By that logic we should just have the government create fake jobs, a la Gilmore... at least then we will not have businessmen creaming money off the top on tax offsets/profits. In contrast, I do not believe that there is some magic scheme that allows the government to spend €1.5b and get €2bback at the stroke of a pen.
 
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