LittlePiggy
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The Irish Corporation tax issue is up again in the Eurozone summit.
This is an issue that has never gone away and has come under a constant attack from the French particularly. I had always believed that Ireland would hold firm and eventually the crisis would become so serious that those who demanded a reduction would realise that it cannot be done.
On one hand I know that corporations are getting away with little tax whilst the people are being hit more and more, which is unfair. On the other hand I realise that, as an IT professional, if the multinational investment were to dry up I would be in a lot of trouble with employment. While much of Europe has a right to be resentful of our tax rate, they are actually in denial if they think its just going to be a Government money spinner.
From the Independent today:
He speaks of fairness but the Irish are paying Billions in debts that are not ours. If I were in power I would be reminding the other European leaders of this fact, and that the barely-affordable-as-it-is banking debt we are carrying would be much less affordable should our employment fall through the floor when all the large companies pull out of the country.
The longer this goes on, the more likely I fear that Europe will get its way. Is it right to fear a tax rise like this as much as I am? What do people believe is likely to happen here?
This is an issue that has never gone away and has come under a constant attack from the French particularly. I had always believed that Ireland would hold firm and eventually the crisis would become so serious that those who demanded a reduction would realise that it cannot be done.
On one hand I know that corporations are getting away with little tax whilst the people are being hit more and more, which is unfair. On the other hand I realise that, as an IT professional, if the multinational investment were to dry up I would be in a lot of trouble with employment. While much of Europe has a right to be resentful of our tax rate, they are actually in denial if they think its just going to be a Government money spinner.
From the Independent today:
According to Jacques Myard, the French people feel ‘‘very strongly about the issue’’.
"How is it that we are helping, for instance Ireland, that they are getting from Brussels our money.
"Some people say 'Okay, we help you, but you also have to help yourself by raising your own taxes and not having a kind of advantage which is unfair competition to our enterprise'."
He speaks of fairness but the Irish are paying Billions in debts that are not ours. If I were in power I would be reminding the other European leaders of this fact, and that the barely-affordable-as-it-is banking debt we are carrying would be much less affordable should our employment fall through the floor when all the large companies pull out of the country.
The longer this goes on, the more likely I fear that Europe will get its way. Is it right to fear a tax rise like this as much as I am? What do people believe is likely to happen here?