EU now in control of Ireland tax affairs. corporation tax

Sceala Philosopher Location: Dublin

Kerrin you were stating that the EU are not to blame. No one said the EU were totally to blame, but they do have to take most of the blame.
It is EU crazy laws that are totally unsuitable for Ireland. The Eu laws have allowed so many immigrants to destroy the economy of Ireland. It is the euro of the EU that restricts us to get out of this mess, our hands are tied by the euro. The EU's financial regulators did allow foreign speculators to speculate in the shares and bonds of Irish banks, Irish banks that they will have known were vulnerable.
What sort of partner pushes another around when they are weak. Read and see that the EU is now bullying Ireland when we need help. The same EU that used Ireland as their promotional advert child when things were good. The EU is now in charge of Irish tax affairs.

'Ireland will no longer be a low tax economy' says EU boss
The European Commissioner for Economic and Monetary Affairs, Olli Rehn, has said that 'it is a fact of life' that Ireland will no longer be a low tax economy over the next ten years 'after what has happened'.
He was responding to a question at the informal meeting of finance ministers in Brussels on whether or not Ireland's low rate of corporation tax should be included in any moves to increase tax revenues in Ireland in order to bring the deficit down to 3% by 2013.

The Commissioner said he did not want to take any precise stand on the matter since it was a matter for the Irish Government.
But he 'didn't rule out any option' since we know that 'Ireland in the coming decade will not be a low tax country, but it will rather become a normal tax country in the European context.'

Government will have to look at expenditure cuts
UCD economist Colm McCarthy has said the Government will have to look at expenditure cuts and raising revenue over the coming years as part of its fiscal planning.
He told RTÉ today that the Government could expand the tax base by including water and residential property taxes. He added that there are quite a few things in his Bord Snip report that could be revisited.
He also suggested that large capital projects such as Metro North may have to be deferred. He warned that if measures are not now taken to reassure international financial markets, the country will pay over the odds for borrowing and could end up getting assistance from the International Monetary Fund or the European Financial Stability Facility.
Asked whether tough fiscal adjustment will depress the Irish economy further, the economist said that ongoing uncertainty inhibits business confidence and investment but clarity has a stimulatory effect.

I no longer laugh at those who talk of a -one world order, a pan government conspiracy. We already have it in Ireland. We have a European government, people we do not even know telling us what to do.
The same EU, who's laws have destroyed Ireland.
We need a party that gets us out of this EU, before it is too late.
We can survive without them, we have for thousands of years.
Jim Corr was not as daft as those who laughed at him and are now out of work.

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EU now in control of Ireland tax affairs. corporation tax

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