Taoiseach Varadkar claims uncompetitive Irish income taxes compensated by low Irish house property taxes

Patslatt1

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Taoiseach Varadkar claims uncompetitive Irish income taxes compensated by low Irish house property taxes

See https://www.pressreader.com/ireland/irish-independent/20180223/283940293158986

Irish incomes are taxed at about half including PRSI when taxable incomes reach 35,000 euros,very low for application of the top tax rate. In many countries, the top rate doesn't start until well past 100,000 euros while the social benefits including medical care,subsidised day care, social housing and subsidised transport are way better.

Taoiseach Varadkar argues that high Irish income taxes are compensated by low Irish property taxes on houses. That is a logical view to an extent but it ignores the psychology of many wage earners who feel frustrated that they exert little control over income tax but could control property taxes by buying cheaper houses.

From a competitiveness standpoint, many of the highly skilled workers Ireland needs to attract tend to be young and renting housing rather than owning, so low property taxes won't count with them.

For trades people who rely on overtime in construction and manufacturing,the 50% tax rate greatly reduces the value of working overtime.

Taoiseach Varadkar promised to reduce the income tax rate in the future. But the promise is hollow given continuing cost overruns on a health service run for the benefit of unions and professions and the likelihood that huge pay premiums and gold plated pensions across the public sector will persist.
 


carlovian

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Thought it was your first non anti public sector OP.

Until the last sentence.

Well played sir.
 

Kevin Parlon

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From a competitiveness standpoint, many of the highly skilled workers Ireland needs to attract tend to be young and renting housing rather than owning, so low property taxes won't count with them.
Ireland is a country that talks about having a high tech industry and being a great place for start-ups etc but in reality, it's a country in the choke-hold of a number of vested-interest groups of varying power and influence. Ireland's greatest asset is its social fabric which is genuinely unique and quite great IMO. Its prospects on the other hand are poor. The best governments have been able to do is to oversee the export of the ambitious and their replacement with new welfare dependents from far away. A German man recently got an appointment for a consultation from our Health system. His appointment was scheduled for 2022. This in a country with near 50% tax for people on a low income. Not a serious country.
 

Patslatt1

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Ireland is a country that talks about having a high tech industry and being a great place for start-ups etc but in reality, it's a country in the choke-hold of a number of vested-interest groups of varying power and influence. Ireland's greatest asset is its social fabric which is genuinely unique and quite great IMO. Its prospects on the other hand are poor. The best governments have been able to do is to oversee the export of the ambitious and their replacement with new welfare dependents from far away. A German man recently got an appointment for a consultation from our Health system. His appointment was scheduled for 2022. This in a country with near 50% tax for people on a low income. Not a serious country.
35,000 taxable is an income where your head just above the parapet gets shot down by the taxman! This is equivalent to extreme levelling down that hard leftists advocate.
 

making waves

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PUBLIC ENEMY NO.1
The Irish public sector is public enemy no. 1 of taxpayers!
€13.5billion in corporate welfare every year - and you think the public sector is the no.1 enemy of taxpayers.
 

Kevin Parlon

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€13.5billion in corporate welfare every year - and you think the public sector is the no.1 enemy of taxpayers.
Can you expand on that one?
 

Patslatt1

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€13.5billion in corporate welfare every year - and you think the public sector is the no.1 enemy of taxpayers.
You mean the low 12.5% corporate tax rate that attracted multinationals and transformed the Irish economy from the protectionist backwater that nearly died in the 1950s.
 

Analyzer

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Lv is useless !!!!!!
 

Patslatt1

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Thing is, most Paddies will think 'well, he does have a point you know, we do have low home tax so maybe the €35k threshold is ok'.
Most Irish people swallow anything their taoiseach says...the deference is astounding in this country.
Irish Water. Massive strategic mortgage defaults. 500 million euros in mortgage losses on the low interest mortgages scheme. The expectation for a hospital in every town etc
 

making waves

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You mean the low 12.5% corporate tax rate that attracted multinationals and transformed the Irish economy from the protectionist backwater that nearly died in the 1950s.
I mean the €13.5billion in corporate welfare - and that doesn't take into account the now approaching hundreds of billions it cost to bail out their gambling debts.
 

ShoutingIsLeadership

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Ireland is a country that talks about having a high tech industry and being a great place for start-ups etc but in reality, it's a country in the choke-hold of a number of vested-interest groups of varying power and influence. Ireland's greatest asset is its social fabric which is genuinely unique and quite great IMO. Its prospects on the other hand are poor. The best governments have been able to do is to oversee the export of the ambitious and their replacement with new welfare dependents from far away. A German man recently got an appointment for a consultation from our Health system. His appointment was scheduled for 2022. This in a country with near 50% tax for people on a low income. Not a serious country.
Export our ambitious and import welfare dependents?

That there be some load of shyte
 

venusian

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You mean the low 12.5% corporate tax rate that attracted multinationals and transformed the Irish economy from the protectionist backwater that nearly died in the 1950s.
If only! The loony right FFG in the pockets of MNC's has ensured 8 of the wealthiest MNC's pay next to nothing in tax. E.g Google pays less than 0.14% of profits earned.!
Anyone who agrees with tax dodging like this is an enemy of the state

https://m.independent.ie/business/irish/google-pays-just-014-tax-in-seven-years-28945199.html
 

Patslatt1

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I mean the €13.5billion in corporate welfare - and that doesn't take into account the now approaching hundreds of billions it cost to bail out their gambling debts.
Haven't you heard, NAMA recovered the bailout loans to the banks by selling on the loans and assets it purchased from them. The gambling debts of bankers were suffered by bank shareholders, not Irish taxpayers, so it wasn't a corporate welfare cliche.
 

Patslatt1

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If only! The loony right FFG in the pockets of MNC's has ensured 8 of the wealthiest MNC's pay next to nothing in tax. E.g Google pays less than 0.14% of profits earned.!
Anyone who agrees with tax dodging like this is an enemy of the state

https://m.independent.ie/business/irish/google-pays-just-014-tax-in-seven-years-28945199.html
The tax breaks succeeded in attracting the world's most attractive companies to set up EU HQs in Ireland. Many big EU countries such as France are intensely jealous of that achievement. Those companies pay a lot of other taxes in commercial rates, payroll taxes, VAT and licence fees. also, Ireland collects a lot of multinational corporate tax that is steered here to avail of the low 12.5%. See the big picture if you can overcome envy.
 

cytex

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We get zip for the property tax it is a theft plain and simple .
We simply pay to much tax and ejits like ff fg lab waste it .

There should be zero tax on property as every cent of the money used to buy that home has already been taxed .
Income tax is simply to high in this counrty as well just over 2.5 days a week a working person works is for someone on the dole and that is ridiculous.
 

Barroso

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PUBLIC ENEMY NO.1
The Irish public sector is public enemy no. 1 of taxpayers!
That's FG FF Labour.

Of course almost all the higher-up place holders in the public service are connected to one or other of those three.
 

venusian

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We get zip for the property tax it is a theft plain and simple .
We simply pay to much tax and ejits like ff fg lab waste it .

There should be zero tax on property as every cent of the money used to buy that home has already been taxed .
Income tax is simply to high in this counrty as well just over 2.5 days a week a working person works is for someone on the dole and that is ridiculous.
Vote FF/FG/"Labour" for LPT !....Or dump them from government and fight for fair and equitable taxation!
 


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