The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire
In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire
UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović
US Gives Weapons to Taiwan for Free, The... Fri May 03, 2024 03:55 | Anti-Empire
Russia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko Marjanović Anti-Empire >>
A bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz Alternative site: https://thesaker.si/saker-a... Site was created using the downloads provided Regards Herb
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker Dear friends As I have previously announced, we are now “freezing” the blog. We are also making archives of the blog available for free download in various formats (see below).
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker by Mr. Allen for the Saker blog Over the last few years, we hear leaders from both Russia and China pronouncing that they have formed a relationship where there are
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader 2023/02/27 19:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker Pepe Escobar for the Saker blog A powerful feeling rhythms your skin and drums up your soul as you?re immersed in a long walk under persistent snow flurries, pinpointed by The Saker >>
News Round-Up Tue Jul 23, 2024 01:16 | Richard Eldred A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.
Will Trump Ever Admit Lockdown Was a Mistake? Mon Jul 22, 2024 19:35 | Jeffrey A. Tucker Will Trump ever admit he was wrong to back lockdown in March 2020 ? a decision that doomed America to years of crisis and sank his re-election hopes that year? Jeffrey Tucker is hopeful that truth will finally prevail.
The post Will Trump Ever Admit Lockdown Was a Mistake? appeared first on The Daily Sceptic.
Joe Biden Out in Apparent Palace Coup Mon Jul 22, 2024 17:30 | Eugyppius Biden's team was still obliviously tweeting his resolve to fight on hours after he had decided to step down. So was the matter taken out of his hands? It has all the signs of an opportunistic palace coup, says Eugyppius.
The post Joe Biden Out in Apparent Palace Coup appeared first on The Daily Sceptic.
Who Will Guard Us Against the Guardian?s ?Fact Checks?? Mon Jul 22, 2024 15:34 | David Craig The Guardian has published a 'fact check' of Donald Trump's claims about inflation and immigration. Just one problem, says David Craig: the 'fact check' gets its facts wrong. Who will guard us against the Guardian?
The post Who Will Guard Us Against the Guardian’s ‘Fact Checks’? appeared first on The Daily Sceptic.
Biden Delayed Stepping Down as He ?Doubts Kamala? as Senior Democrats Fail to Back Her Mon Jul 22, 2024 13:19 | Will Jones President Biden delayed stepping down in part because he doubted Kamala Harris was up to the challenge of an election battle with Donald Trump, sources have said.
The post Biden Delayed Stepping Down as He “Doubts Kamala” as Senior Democrats Fail to Back Her appeared first on The Daily Sceptic. Lockdown Skeptics >>
Voltaire, international edition
Netanyahu soon to appear before the US Congress? It will be decisive for the suc... Thu Jul 04, 2024 04:44 | en
Voltaire, International Newsletter N°93 Fri Jun 28, 2024 14:49 | en
Will Israel succeed in attacking Lebanon and pushing the United States to nuke I... Fri Jun 28, 2024 14:40 | en
Will Netanyahu launch tactical nuclear bombs (sic) against Hezbollah, with US su... Thu Jun 27, 2024 12:09 | en
Will Israel provoke a cataclysm?, by Thierry Meyssan Tue Jun 25, 2024 06:59 | en Voltaire Network >>
|
Is Vincent Browne One of Us?
international |
anti-capitalism |
opinion/analysis
Wednesday May 22, 2013 18:03 by Brian Clarke - AllVoices
![Report this post to the editors Report this post to the editors](../graphics/report.gif)
Ireland’s Wild West Tax Haven
Occasionally I find an article in the Irish Times that is worth reading, sometimes written by Vincent Browne, which makes me wonder is Vincent one of us ? What do you think?
"Government zealously protects the wealthy in Ireland’s Wild West tax haven
Column: There is a determination not to disturb the contentedness of the wealthy by even a modest increase in income tax
![Click on image to see full-sized version Trickle Down Republic](../cache/imagecache/local/attachments/may2013/460_0___30_0_0_0_0_0_lil.jpg) Trickle Down Republic Occasionally I find an article in the Irish Times that is worth reading, sometimes written by Vincent Browne, which makes me wonder is Vincent one of us ? What do you think?
"Government zealously protects the wealthy in Ireland’s Wild West tax haven
Column: There is a determination not to disturb the contentedness of the wealthy by even a modest increase in income tax
Vincent Browne
The deference to financial and corporate power that impelled Brian Cowen and Brian Lenihan to give the blanket guarantee to the financial institutions on September 30th, 2008, speaks again in the obsequious secret deals done with multinational companies on tax and in the fastidious avoidance of taxing high earners.
We now know that one of the largest multinational corporations operating here, Apple, pays a derisory 2 per cent in corporation tax and, according to a US congressional report, this is done by way of a deal with the Irish Government. Whatever the truth of that – more probably it was done by way of an unspoken understanding – Ireland now features among the “wild west” tax havens of our time. So much so that an ingenious tax scheme called the “Double Irish”, based on Irish tax regulatory policy, permits the wholesale avoidance of billions in tax revenue to US, UK, Irish and other coffers.
About the only promise this Government made before the last election by which it still stands is to refuse to raise the Irish corporation tax rate of 12.5 per cent. As it happens, the promise is meaningless.
According to the US Bureau of Economic Analysis, the effective corporation profits tax rate in Ireland is 4.2 per cent. The rate in France, by comparison, is 26.8 per cent (this is quoted in Corporation Tax: How Important is the 12.5% Corporate Tax Rate in Ireland? by Jim Stewart of TCD school of business).
Complicity of State
Now new information has emerged about tax devices and Ireland, courtesy of the Economic and Social Research Institute. In an article in the current quarterly review of the economy published last Thursday, John FitzGerald shows that there has been an influx over the last few years of company headquarters from abroad, notably Britain, and the effect of this has been to boost Ireland’s gross national product by about €7.4 billion.
This has seriously distorted the GNP measurement of the Irish economy’s performance, for these companies have no presence of any kind in Ireland and are of no value to the Irish economy. However, because our contribution to the EU is measured on our GNP performance, this means, according to John FitzGerald, that we are paying €100 million more than we should be paying to the EU annually.
Nobody, as far as I know, has made any issue of this but then, given the state of the financial crisis, what is €100 million?
Enda Kenny is off to another EU summit tomorrow and in a few weeks’ time he will be representing the EU at the G8 meeting in Fermanagh. For both these meetings the issue of tax havens is on the agenda and Ireland probably will feature in the deliberations. What will Enda Kenny say about the complicity of the Irish State in these tax structures?
New information has emerged from the Revenue Commissioners on incomes and taxation here. In a written answer to a Dáil question from Labour TD Derek Nolan on April 30th last, Michael Noonan revealed the following estimates for 2013 (married couples who submit tax returns jointly are regarded as one tax unit and the data refers to tax units):
l The total gross income is estimated at €82.5 billion for a total of nearly 2.2 million income tax payers, giving an average income of €37,962 and an average income tax payment of €5,348.
l More than half (54 per cent, nearly 1.2 million) of income tax payers earning €30,000 and less have an average gross taxable income of €14,712.
l Nearly 110,000 earners getting more than €100,000 in gross taxable income have an average income of €183,750, they pay an average of €46,695 in income tax, representing 26 per cent.
l More than 22,000 earners getting more than €200,000 have gross taxable income of €389,742 on average and pay €108,666 in income tax on average – 28 per cent.
l The 141 paid more than €2 million a year have an average gross taxable income of €4.1 million. They pay an average of €1.1 million in tax – 27 per cent.
(The Revenue Commissioners’ chart is published on the Dáil record – question 151 — the above is based on analysis of it.)
The determination not to disturb the contentedness of the wealthy by even a modest increase in income tax (say an effective tax rate of 35 per for those earning more than €100,000) almost matches the zeal to protect the inviolability of the tax haven for the most powerful multinational corporations on earth. And the Labour Party goes along with this as obediently as it supports the abuse of office by Alan Shatter.
Perhaps more depressing is the conduct of the Economic and Social Research Institute. Never once has it even adverted to the social consequences of the policies it advocates in its regular economic commentaries. Never, as far as I am aware, does it address in its economic commentaries the huge discrepancies in wealth and incomes here. It now advocates more austerity and, by implication, it counsels against income tax increases, with no acknowledgment of the inevitable social consequences.
So why bother with the “social” in its title?"
Caption: Video Id: 8aJ-FzTmT3Q Type: Youtube Video Boomtown Rats - Banana Republic - 1980
|
View Full Comment Text
save preference
Comments (10 of 10)