Irish Revenue is about 50 Billion, so 2 to 2.5 Billion is only a 4 to 5 percent loss... maybe a slight tax increase at the top rate would cover it, I don't know for sure...
The problem is explaining how the large increases in corporation taxes got spent in the last few years on his watch,The concern for Ireland is more the potential loss of foreign direct investment.
Previously Ireland didn't care about the loss of 12 billion tax bill for Apple
The real concern is job losses
Paschal will fight it citing Ireland needs such measures to level the playing field for small peripheral counrties.
Yes you can, and should.You can't include PRSI as that's pensions & welfare...
During the whole pandemic when money was being thrown round like snuff at a wake , taxation and how this was going to be paid for wasn't mentioned once, in fact the media studiously avoided the topic. Now with the economy about to open up suddenly all this talk about taxation, the ESRI has awoken from its slumber.The real concern is job losses
Paschal will fight it citing Ireland needs such measures to level the playing field for small peripheral counrties.
It is a tax, but it gets spent almost immediately... take 2015 from Table 1 from Protocol's link above, Total Revenue is 71.931 Billion, of which 50.750 Billion in Taxes and 12.324 Billion in Social Contributions --- then go down to Expenditures and Social Benefits where we spent 28.689 Billion --- so it gets spend even quicker on welfare than we bring in PRSI payments, the additional spend comes from general taxation....Yes you can, and should.
It's basically a tax like any other.
It's not a personal preference.Include PRSI or not, personal preference,
And what standards would they be... out of interest?It's not a personal preference.
Social insurance contributions are revenue of the general government sector under internationally agreed statistical standards.
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