So who really bore the burden of our recession and recovery ?

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By Cormac Lucey The question of who bore the brunt of the bitter economic adjustment Ireland faced in the years immediately following 2008, as economic boom turned to bust, has always attracted heavy political attention. It’s also attracted academic attention as various experts have trawled through the data to measure the impact of the bust on different social strata. The … Read More

Arguing tax and economics with Pearse Doherty TD

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By Cormac Lucey Last week I took part in a radio debate with Pearse Doherty, the Sinn Fein finance spokesman, about the 2019 budget. Doherty argued that pressing social needs require additional taxation. His debating style is an example of one of Thomas Sowell’s insightful sayings. The first lesson of economics is scarcity: there is never enough of anything to … Read More

Volatile tax system drives wedge between singles and married

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  By Cormac Lucey Back in the dark and distant days of the 1980s, Ireland’s tax burden on workers was very large and was a significant impediment to employment. High income taxes were a key factor in the soaring levels of unemployment at the time. In the intervening years, thankfully, that situation has improved dramatically. A new report by the … Read More

What happens when our corporate tax regime is kicked into touch?

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By Cormac Lucey What does a sports team do if its star player gets injured and is unable to play or, even worse, is forced into retirement? The simple answer is that the coach needs to anticipate such eventualities and develop a pipeline that could replace the star. The Ireland rugby coach Joe Schmidt (pictured above) has managed two great … Read More

We still don’t know about our full tax benefits and opportunities – and should find out

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By Paul Molloy Many small business owners have limited knowledge about tax. I have come across clients who have overpaid VAT for years, who are unaware of the many perfectly legitimate tax reliefs that are available to them and have limited access to this knowledge. We’re aware from the business press about how little tax Apple has paid on their … Read More

At least EU Commission’s bite of the Apple has lifted the veil of Irish tax secrecy

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By Cormac Lucey The Irish constitution, Bunreacht na hEireann, contains some important yet mostly overlooked provisions on financial matters. There are only two members of the cabinet who must, according to the constitution, be members of Dail Eireann: the taoiseach and the finance minister. And only the Dail can initiate legislation that provides for the raising of taxes or the … Read More

Ditch the shiny packaging — we just want a national wish list that is functional

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By Cormac Lucey There is an excited ritual for any family whose children are writing to Santa Claus with their requests for Christmas presents. Imagine how much more excitement there would be if your children were sending requests to the North Pole that covered presents for the next 10 years? It’s a similar ritual for politicians who get to prepare … Read More

Reducing construction taxes would get homes built and people housed

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By Paul Molloy This is an article about giving tax incentives to property developers to build the houses they are not currently building. The whole country is affected by this housing crisis, from couples who can’t get on the property ladder, to tenants with little security and rising rents and most importantly for the “new homeless”. The Government believe they … Read More