• Due to a glitch in the old vBulletin software, some users were "banned" when they tried to change their passwords at the end of February. This does not apply after the site was converted to Xenforo. If you were affected by this, please contact us.

Sinn Féin's Pre-Budget Proposals

Kerrygold

Well-known member
Joined
Jan 31, 2005
Messages
4,711
Among Sinn Féin's pre-Budget proposals are:

* standardizing discretionary tax reliefs, raising €1.1 billion;
* introducing a 3rd tax rate of 48% on income over €100,000, raising €355 million;
* placing a 1% wealth tax on assets over €1 million excluding farmland, raising €1.6 billion; and
* capping all public service salaries at €100,000, raising €450 million.

Here's a link to the statement and as soon as they put up the full document I'll post a link Sinn Féin offers ?fairer and viable alternative? to Government?s ?slash and burn approach? | Sinn Féin

And can people please keep this discussion on the actual proposals!:?
 


redhead101

Well-known member
Joined
Nov 10, 2009
Messages
833
Among Sinn Féin's pre-Budget proposals are:

* standardizing discretionary tax reliefs, raising €1.1 billion;
* introducing a 3rd tax rate of 48% on income over €100,000, raising €355 million;
* placing a 1% wealth tax on assets over €1 million excluding farmland, raising €1.6 billion; and
* capping all public service salaries at €100,000, raising €450 million.

Here's a link to the statement and as soon as they put up the full document I'll post a link Sinn Féin offers ?fairer and viable alternative? to Government?s ?slash and burn approach? | Sinn Féin

And can people please keep this discussion on the actual proposals!:?
* Standardising tax reliefs make sense, but could it really raise €1.1bn?
* Third rate of tax is fair enough
* I'd be for a wealth tax, but I'm disappointed that SF have run scared of the farming lobby
* Capping PS salaries at 100k won't work. Would a hospital consultant really take a drop of something in exces of 150k? Also, if €100k is the max salary, just how many people will fall into the new third rate of tax?
 

Keith-M

Well-known member
Joined
Jul 24, 2007
Messages
15,668
Website
www.allkindsofeverything.ie
Suggesting that all public service salaries are capped at €100k is the best way of closing down our public health system that I've ever seen. The consultants would simply go proivate or leave the country.

And any farmer with a farm worth €1m can clearly afford to pay 1% levy.

The only proposal of any merit is standardising discretionary tax reliefs. That is long overdue.
 

lobby

Member
Joined
Feb 22, 2009
Messages
42
And any farmer with a farm worth €1m can clearly afford to pay 1% levy.
A farm worth €1m is probably about 100 acres. If he rented it out he'd get about 180 per acre per annum, thats 18,000. And he'd be expected to pay 10,000? Therefore having 8000 to live on? Thats why sinn fein are excluding them

I'm not a farmer either.
 

redhead101

Well-known member
Joined
Nov 10, 2009
Messages
833
A farm worth €1m is probably about 100 acres. If he rented it out he'd get about 180 per acre per annum, thats 18,000. And he'd be expected to pay 10,000? Therefore having 8000 to live on? Thats why sinn fein are excluding them
They used to be well able to pay their rates until they weaseled out of them!
 
Joined
Aug 6, 2007
Messages
22,622
* standardizing discretionary tax reliefs, raising €1.1 billion;
So they are suggesting that in excess of €3.5 Billion is given in discretionary tax reliefs then ? Because if you given someone Tax relief of €1000 it means that the actual real cost is at their highest rate of tax paid.
 

Cassandra Syndrome

Well-known member
Joined
Aug 23, 2009
Messages
16,885
They used to be well able to pay their rates until they weaseled out of them!
The average farmer earns 18,000 Euro a year and most of that is subsidised.
 

Stendec

Member
Joined
Jun 22, 2009
Messages
44
they should give the goverment the northen bank money if there so worried about the budget!!!! noone cares what the shinners say!!!!1
 
Joined
Sep 10, 2008
Messages
3,566
Sounds reasonable and good policies to me.

And for that reason dont expect FF to adopt any of them.









.
 

Cassandra Syndrome

Well-known member
Joined
Aug 23, 2009
Messages
16,885
Among Sinn Féin's pre-Budget proposals are:

* standardizing discretionary tax reliefs, raising €1.1 billion;
* introducing a 3rd tax rate of 48% on income over €100,000, raising €355 million;
* placing a 1% wealth tax on assets over €1 million excluding farmland, raising €1.6 billion; and
* capping all public service salaries at €100,000, raising €450 million.

Here's a link to the statement and as soon as they put up the full document I'll post a link Sinn Féin offers ?fairer and viable alternative? to Government?s ?slash and burn approach? | Sinn Féin

And can people please keep this discussion on the actual proposals!:?
I look forward to seeing their actual proposal. But in the meantime the first thing that pops out at me is the Wealth Tax. How many assets are there in this country that are worth over 1 million Euro? And do these assets collective add up to 160 Billion Euro? How about raising corporation tax by 1% instead?

Capping salaries isn't going to work. Top skilled professionals will emigrate. Increase taxes for professionals and public servant whose incomes are over 100,000 Euro

To encourage enterprise, entrepreneurs should be treated like artists and be tax exempt.

I'll wait and see their document, does anyone know when it is out?
 

Glenshane2

Active member
Joined
Nov 9, 2009
Messages
139
A farm worth €1m is probably about 100 acres.
This would seem to mean that land on the said farm is valued at 10K euros per acre. Why is farm land so expensive when farming is so unprofitable? Why are farmers asset rich and income poor?
 

Harmonica

Well-known member
Joined
Jul 2, 2009
Messages
5,797
Unfortunately SF have pandered to the farming special interest by allowing them an exemption. We need to get away from treating special interests different. Tax all income or assets at the same rate - no exceptions.

If a 1m valued farm can only get 18k then that is a bizarre calculation model. Its also a staggering inefficient use of land.
 

Spacewagon

Member
Joined
Feb 27, 2006
Messages
41
they should give the goverment the northen bank money if there so worried about the budget!!!! noone cares what the shinners say!!!!1
True.. why would anyone care what Sinn Fein say about economics?

I mean, we have a Government of economic genius's running the place, haven't we. And the Opposition is also jam packed with economic heavyweights

Christ.. we're screwed.. when SF have probably the best and most coherent budgetary policy, and fools liek you respond like that
 

irish_bob

Well-known member
Joined
Jul 9, 2008
Messages
7,524
This would seem to mean that land on the said farm is valued at 10K euros per acre. Why is farm land so expensive when farming is so unprofitable? Why are farmers asset rich and income poor?
il field this one , while farm land has more than halved in value since 2007 , it is still very expensive by international standards , why , cultural attitudes , us irish have a unique attachment to land which is unrivalled , most farmers would go beg , borrow , steal or drown their children before they would sell the family farm , as such , a tiny fraction of land is traded each year in this country , what can be made from land bears no relation to its value
 

Oldira1

Well-known member
Joined
Oct 2, 2008
Messages
1,466
I look forward to seeing their actual proposal. But in the meantime the first thing that pops out at me is the Wealth Tax. How many assets are there in this country that are worth over 1 million Euro? And do these assets collective add up to 160 Billion Euro? How about raising corporation tax by 1% instead?

Capping salaries isn't going to work. Top skilled professionals will emigrate. Increase taxes for professionals and public servant whose incomes are over 100,000 Euro

To encourage enterprise, entrepreneurs should be treated like artists and be tax exempt.

I'll wait and see their document, does anyone know when it is out?
Where is your evidence of that??? Medical Consultants are paid far more than theie EU counterparts. Lawyers? Yes I can hundreds of lawyers leave the Four Courts to ply their trade abroad....Not! Accountants? Far too many of them anyway ;),Pharmacists? Its a closed shop anyway? Engineers and Architects? They are leaving anyway.

Any work for the state should be capped at €150 per hour. Thats still excellent money but probably chicken feed to the tossers in KPMG,Ernest & Young etc. This country cannot afford the fees charged by certain professionals.
 

Oldira1

Well-known member
Joined
Oct 2, 2008
Messages
1,466
il field this one , while farm land has more than halved in value since 2007 , it is still very expensive by international standards , why , cultural attitudes , us irish have a unique attachment to land which is unrivalled , most farmers would go beg , borrow , steal or drown their children before they would sell the family farm , as such , a tiny fraction of land is traded each year in this country , what can be made from land bears no relation to its value
As someone from a farming backround I have to say you hit the nail on the head.
 

Tiernanator

Well-known member
Joined
Jun 2, 2007
Messages
345
I am very much in favour of standardising the tax relief. While I do have great sympathy for small to medium size farm owners, the big boys should be made to pay. They have received so much throughout the years and it is time for them to pay back. I am glad that there has been no call for an increase in corporation tax at this time. Business needs to see Ireland as viable but this doesnt mean I don't believe in higher corporation taxes in the medium to long term. To place extra levies on business at this time would be counterproductive and working class people could lose their jobs.
 

Cassandra Syndrome

Well-known member
Joined
Aug 23, 2009
Messages
16,885
Where is your evidence of that??? Medical Consultants are paid far more than theie EU counterparts. Lawyers? Yes I can hundreds of lawyers leave the Four Courts to ply their trade abroad....Not! Accountants? Far too many of them anyway ;),Pharmacists? Its a closed shop anyway? Engineers and Architects? They are leaving anyway.

Any work for the state should be capped at €150 per hour. Thats still excellent money but probably chicken feed to the tossers in KPMG,Ernest & Young etc. This country cannot afford the fees charged by certain professionals.

That is a good point and I share your distaste for certain professions.

But we do need Brain surgeons and other critical surgeons and good hands on medical people. It wouldn't bother me if we paid the best 1 Million a year from performing high quality and high quantity operations to the benefit of us our health and overalll budget.

Most of all the other tossers can go somewhere else, good riddance. Most accountants and solicitors are a hindrance to the spirit to free enterprise anyway. 30 years ago they were your friend, nowadays you would be badgered if you had a meal out somewhere and claimed it on your own company expenses.
Who would want the hassle of running a small company nowadays?. You get treated like vermin and contempt from these vile beings and then you have to pay the c*nts thousands of Euro every year?

I wouldn't mind paying a few top drawer proper economists to monitor the health of this economy in the future, if there is one. This madness can never happen again.
 


New Threads

Popular Threads

Most Replies

Top