SDLP Meltdown on Nolan

CastleRay

Well-known member
Joined
Mar 20, 2015
Messages
9,162
More importantly did Murphy outline the position on corporation tax reduction in 2018 ? Some shinners are saying it must be affordable and isn't written in stone while others are saying it will happen :confused:
He said he believed it was affordable but fudged any evidence for why he believed that.
 


Marcella

Well-known member
Joined
Dec 8, 2010
Messages
4,007
He said he believed it was affordable but fudged any evidence for why he believed that.
There's a large amount of fudge on this issue. They'll need to nail their colours to the mast before election day for my vote.
 

death or glory

Well-known member
Joined
Sep 1, 2012
Messages
20,190
There's a large amount of fudge on this issue. They'll need to nail their colours to the mast before election day for my vote.
I for one believe that the reduction in corporation tax will be detrimental to our country.
The rate is going down to 18% across the UK anyway and we will lose quite a lot of the block grant over this issue.
The best way to improve the economy is to encourage indigenous companies who actually care and not to lure some multi-nationals in for a short term until thy get a better offer elsewhere. Its hard to believe that the all this co-operation tax that companies will save will be pumped back in to the NI economy to create more jobs.
 

Marcella

Well-known member
Joined
Dec 8, 2010
Messages
4,007
I for one believe that the reduction in corporation tax will be detrimental to our country.
The rate is going down to 18% across the UK anyway and we will lose quite a lot of the block grant over this issue.
The best way to improve the economy is to encourage indigenous companies who actually care and not to lure some multi-nationals in for a short term until thy get a better offer elsewhere. Its hard to believe that the all this co-operation tax that companies will save will be pumped back in to the NI economy to create more jobs.
Agree 100%.

I work for an American multi-national. I can tell you now that if they pay £5 million less in tax, they'll be transferring that back across the atlantic to corporate HQ, not creating jobs. Cutting education, health and infrastructural investment can not improve the economy. Tis very lazy economics to assume you cut the tax rate and business booms.
 

Mickeymac

Well-known member
Joined
Jun 30, 2010
Messages
42,043
There's a large amount of fudge on this issue. They'll need to nail their colours to the mast before election day for my vote.


Surely the priority should be a UI from your POV, achieve that swiftly and the experts tell us Ireland as a whole will be billions better off plus you have a CT of 12.5% which the ROI currently have.

Staying in Europe and a UI IMO will produce a new Tiger for Ireland and don't forget a United Ireland will also bring increased investment from the United States.
 

death or glory

Well-known member
Joined
Sep 1, 2012
Messages
20,190
Agree 100%.

I work for an American multi-national. I can tell you now that if they pay £5 million less in tax, they'll be transferring that back across the atlantic to corporate HQ, not creating jobs. Cutting education, health and infrastructural investment can not improve the economy. Tis very lazy economics to assume you cut the tax rate and business booms.
Marcella,
As well as small local businesses such as farmers, and shop owners, I do not feel that the money they save from corporation tax will be reinvested to create jobs, only personal wealth.
 

Mickeymac

Well-known member
Joined
Jun 30, 2010
Messages
42,043
Agree 100%.

I work for an American multi-national. I can tell you now that if they pay £5 million less in tax, they'll be transferring that back across the atlantic to corporate HQ, not creating jobs. Cutting education, health and infrastructural investment can not improve the economy. Tis very lazy economics to assume you cut the tax rate and business booms.


Let's say Marcella you have a FF/SF/Unionist coalition in Dublin, do you think they would tolerate companies sending their tax exemptions across the Atlantic?
 

Marcella

Well-known member
Joined
Dec 8, 2010
Messages
4,007
Surely the priority should be a UI from your POV, achieve that swiftly and the experts tell us Ireland as a whole will be billions better off plus you have a CT of 12.5% which the ROI currently have.

Staying in Europe and a UI IMO will produce a new Tiger for Ireland and don't forget a United Ireland will also bring increased investment from the United States.
I support a reunited Ireland but turning the north into the south is not what I want. I do not want a reunited Ireland being used as the world's biggest money laundering institution while working people are left without a health service or social housing.

I support the creation of a new Ireland.
 

Marcella

Well-known member
Joined
Dec 8, 2010
Messages
4,007
Let's say Marcella you have a FF/SF/Unionist coalition in Dublin, do you think they would tolerate companies sending their tax exemptions across the Atlantic?
What a company does with their profits is beyond the control of government. Just tax them and make them pay their fair share. What they do with what's left is their business.
 

Mickeymac

Well-known member
Joined
Jun 30, 2010
Messages
42,043
I support a reunited Ireland but turning the north into the south is not what I want. I do not want a reunited Ireland being used as the world's biggest money laundering institution while working people are left without a health service or social housing.

I support the creation of a new Ireland.


Can't argue with any of that, a new Ireland of equals would be my absolute aim and an Ireland the envy of the World in peace and prosperity.
 

Mickeymac

Well-known member
Joined
Jun 30, 2010
Messages
42,043
What a company does with their profits is beyond the control of government. Just tax them and make them pay their fair share. What they do with what's left is their business.


Profits are much different to tax exemptions, the 5 million which you mentioned should not leave the Country of origin and the tax on profits is something government should be charged with in such a way would be investors are not spooked.
 

CastleRay

Well-known member
Joined
Mar 20, 2015
Messages
9,162
I for one believe that the reduction in corporation tax will be detrimental to our country.
The rate is going down to 18% across the UK anyway and we will lose quite a lot of the block grant over this issue.
The best way to improve the economy is to encourage indigenous companies who actually care and not to lure some multi-nationals in for a short term until thy get a better offer elsewhere. Its hard to believe that the all this co-operation tax that companies will save will be pumped back in to the NI economy to create more jobs.
Businesses are the wealth creators and it is long acknowledged that we have far too much dependency on our public sector and all the parties talked last elections of the need to rebalance the economy. Did they do it? Did they fúck. They talked a bit and dithered a bit more and generally took the money for themselves and didn't do anything whilst the UK as a whole dealt with reducing CT. In order to boost businesses of all sizes in NI the best thing to do is to stop taking their money off them. That way they can grow. Reducing CT in NI isn't just to attract FDI it is also to help local indigenous businesses too. If you want to stop something tax it e.g. cigarettes, alcohol, plastic bags etc. So why over tax businesses if it is they who create wealth and our economy needs to be kick-started. We are behind in our private sector and hence we need to be even more attractive and should cut CT further than our competitors which is all other parts of the UK and also Eire. The cost of cutting CT is minimal compared to the benefits. What we shouldn't be doing is cutting our education and university places to pay for it. We should be investing in our education system and stripping out the massive bureaucratic waste in the system to pay for it all.
 

CastleRay

Well-known member
Joined
Mar 20, 2015
Messages
9,162
Marcella,
As well as small local businesses such as farmers, and shop owners, I do not feel that the money they save from corporation tax will be reinvested to create jobs, only personal wealth.
If that's what they choose to do, so be it. It is their money. Why should they have it taken from them? What incentive is there in society if you create wealth and others see that as almost dirty and unreasonably demand it from you for everyone else? All employers of all sizes are already paying huge rates, water charges, bin collection, and employers national insurance. The profit incentive has the normal result of incentivising entrepreneurs to grow for more profit. Socialists call it greed but it is workers who actually benefit from this. They never end up benefiting when unreasonable taxes are levied on the wealth creators because the wealth creators go elsewhere or don't bother to grow their wealth.
 

death or glory

Well-known member
Joined
Sep 1, 2012
Messages
20,190
Businesses are the wealth creators and it is long acknowledged that we have far too much dependency on our public sector and all the parties talked last elections of the need to rebalance the economy. Did they do it? Did they fúck. They talked a bit and dithered a bit more and generally took the money for themselves and didn't do anything whilst the UK as a whole dealt with reducing CT. In order to boost businesses of all sizes in NI the best thing to do is to stop taking their money off them. That way they can grow. Reducing CT in NI isn't just to attract FDI it is also to help local indigenous businesses too. If you want to stop something tax it e.g. cigarettes, alcohol, plastic bags etc. So why over tax businesses if it is they who create wealth and our economy needs to be kick-started. We are behind in our private sector and hence we need to be even more attractive and should cut CT further than our competitors which is all other parts of the UK and also Eire. The cost of cutting CT is minimal compared to the benefits. What we shouldn't be doing is cutting our education and university places to pay for it. We should be investing in our education system and stripping out the massive bureaucratic waste in the system to pay for it all.
CR,
Reducing CT won't reduce the dependency on the Public sector.
it won't attract the wealth and job creation that the reduction in Block grant.
I'm all for encouraging indigenous businesses and giving them grants, help and encouragement as long term they are the sustainable tenets of industry and business.
It I big businesses that are pushing it and I feel that it is only for their own self interest and back handers to politicians.
 

CastleRay

Well-known member
Joined
Mar 20, 2015
Messages
9,162
CR,
Reducing CT won't reduce the dependency on the Public sector.
it won't attract the wealth and job creation that the reduction in Block grant.
I'm all for encouraging indigenous businesses and giving them grants, help and encouragement as long term they are the sustainable tenets of industry and business.
It I big businesses that are pushing it and I feel that it is only for their own self interest and back handers to politicians.
Reducing CT and stripping out the waste in the public sector would go a long way to rebalance the economy. Stripping out the waste in our administration of NI would pay for the reduction in CT. Big businesses like Google, Apple, Microsoft and Dell will always exploit good markets to be. I would have loved them to locate here, but guess what, they went to Eire because they created a low-tax environment where they could base themselves. Is that not a problem you'd love in NI? As for the RoI's indigenous industry, just look at the companies that have grown and even floated on the stock market. Why was this? Because they somehow were lucky?? Create the right environment and businesses and markets will sort it out. What do we do? Pay Invest NI to incentivise companies by backing those that either aren't sustainable or don't need the subsidy. Just stop taking their money off them and let them get on with it.
 

death or glory

Well-known member
Joined
Sep 1, 2012
Messages
20,190
Reducing CT and stripping out the waste in the public sector would go a long way to rebalance the economy. Stripping out the waste in our administration of NI would pay for the reduction in CT. Big businesses like Google, Apple, Microsoft and Dell will always exploit good markets to be. I would have loved them to locate here, but guess what, they went to Eire because they created a low-tax environment where they could base themselves. Is that not a problem you'd love in NI? As for the RoI's indigenous industry, just look at the companies that have grown and even floated on the stock market. Why was this? Because they somehow were lucky?? Create the right environment and businesses and markets will sort it out. What do we do? Pay Invest NI to incentivise companies by backing those that either aren't sustainable or don't need the subsidy. Just stop taking their money off them and let them get on with it.
CR,
good post but I don't agree about reduction in CT, will have to agree to disagree.
 

ardsman

Well-known member
Joined
Feb 11, 2013
Messages
2,725
Can't argue with any of that, a new Ireland of equals would be my absolute aim and an Ireland the envy of the World in peace and prosperity.
Shouldn't you be concentrating on a new usa of equals or are ya hoping Donald Trump will do that for ya...
 

Mickeymac

Well-known member
Joined
Jun 30, 2010
Messages
42,043
stripping out the waste in the public sector would go a long way to rebalance the economy.



Absolutely Raz, glad you agree with me that 2 Health Services, 2Police Forces, 2 sets of civil servants, 2 off everything including two assembley's etc etc etc is a total waste and redressing it would go a long way in addressing your concerns re 'rebalancing the economy' NO?

Your reply on this will be very interesting sir.
 


New Threads

Most Replies

Top