How do you know?Make childcare costs tax-deductible and provider prices will pretty much immediately inflate by 30-50%. Eventually they may well double. "Sure you can claim the tax relief on it".
Every home owner would pay property tax. The majority don't purchase childcare so the net cost to those households who do will be lower. They are also the households who are paying the biggest mortgages so they are most likely to benefit from the relief on their mortgage interest payment.If at the same time you significantly increase property tax on PPR’s, you will be robbing families on the double.
But you are taxed in acquiring the wealth in the first place. Where do you draw the line?If you don’t have wealth you have to buy access to it from after tax income. If you have wealth you are not taxed on it at all
Basic economics.How do you know?
"That's why we have no option but to hook up our prices."There are direct government handouts at the moment. Get rid of them.
Really - Planning? HSE? Elf & safety?There are low barriers to entry into the market so competition should put a ceiling on prices.
Not if you acquired most of it though inflation caused by quantitative easing. People who bought their house for £30k and are now sitting on €900k didn't pay any tax on that.But you are taxed in acquiring the wealth in the first place. Where do you draw the line?
But thats an extreme example. You cant apply such an example to public tax policy when equally you can use an eample of someone thats acquired their 500k home through working hard and spending their after tax savings on the deposit and their after tax income on mortgage repayments. Then you want to tax their acquired wealth ie the house? it seems unfair and like a double whammyNot if you acquired most of it though inflation caused by quantitative easing. People who bought their house for £30k and are now sitting on €900k didn't pay any tax on that.
No, that doesn't answer it. Basic economic would say that the market will set the price. We know that we don't have a proper open market for services in Ireland but this isn't nearly as restrictive as many services.Basic economics.
Yep, they'd go up alright but there's a shortage of places now and that's driving up prices."That's why we have no option but to hook up our prices.
C'mon, that's hardly a massive hurdle.Really - Planning?
Thanks for agreeing with me.No, that doesn't answer it. Basic economic would say that the market will set the price. We know that we don't have a proper open market for services in Ireland but this isn't nearly as restrictive as many services.
Ditto.Yep, they'd go up alright but there's a shortage of places now and that's driving up prices.
Try setting up a creche in your house and let us know in due course how you get on.C'mon, that's hardly a massive hurdle.
Sure, all taxes are unfair to someone. If they haven't made a killing through price appreciation then they're probably still paying a mortgage. They'll be getting their income tax back on the interest element of that. That'll more than cover the increase in property tax.But thats an extreme example. You cant apply such an example to public tax policy when equally you can use an eample of someone thats acquired their 500k home through working hard and spending their after tax savings on the deposit and their after tax income on mortgage repayments. Then you want to tax their acquired wealth ie the house? it seems unfair and like a double whammy
You have misunderstood my reply.Thanks for agreeing with me.
DittoDitto.
Why would I do that? I've talked to Crèche owners and I've had kids in childcare.Try setting up a creche in your house and let us know how you in due course how you get on.
To see how easy or hard it is to get planning for a new creche or childcare facility. You've said its not a massive hurdle. I'd like to see you substantiate that.Why would I do that? I've talked to Crèche owners and I've had kids in childcare.
Are you saying that it is a massive hurdle?To see how easy or hard it is to get planning for a new creche or childcare facility. You've said its not a massive hurdle. I'd like to see you substantiate that.
You used the term, not me. You also said "There are low barriers to entry". Maybe you can substantiate that.Are you saying that it is a massive hurdle?
That's right. If you are suggesting otherwise then offer something more than a contrarian view.You used the term, not me.
Why? If you think otherwise then offer reason. If you think that there aren't low barriers to entry then maybe you can substantiate that. That's how discussions work.You also said "There are low barriers to entry". Maybe you can substantiate that.
You made the claim.If you think that there aren't low barriers to entry then maybe you can substantiate that.
Sure, I'm going on my discussion with a crèche owner who used to work in a chain and then set one up in her house. She had industry experience and a reputation, was vetted, knew the procedures, understood the cost base etc. She didn't find it difficult.You made the claim.
So there are barriers to entry.It would be unusual for someone with no experience of a sector to open a business within that sector.
I never mentioned the net cost to the State.If you have an issue with the net cost to the State
I have no particular opinion either way on that, although the Irish experience has generally been that tax reliefs are temporary and tax hikes are permanent.I'd be interested in hearing your views on making mortgage interest tax deductible and funding it through property tax increases, particularly since the Central Bank lending rules should, I think, keep a lid on prices.
But that 'wave' of purchasers will give way to those who paid much higher and didn't benefit and then you have caused the same impact to them!?Not if you acquired most of it though inflation caused by quantitative easing. People who bought their house for £30k and are now sitting on €900k didn't pay any tax on that.
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