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 Post subject: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 12:33 pm 
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http://www.irishtimes.com/business/econ ... -1.2807203

Mitchel O'Connor on a solo run? What a way to spread resentment and discontent though. Great stuff.


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 12:36 pm 
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Who decides what a specialist role is? The first criteria seems to be that you need to be earning a substantial wedge in the first place. Maybe you could petition your TD for one of these exemptions then?


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 12:38 pm 
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This makes my blood boil. Irish government policy has always been to promote foreign workers over people who are here on the ground. They'll already pay a bounty if you get a foreign business to locate here vs zero for a local startup. And there's the "Google exemption" for foreign execs to move here. Fuck the locals who stayed here and paid tax, bring in expats and subsidise their salaries...

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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 12:43 pm 
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Am I correct in saying that MMOC is uniquely qualified for her current Ministerial role through her previous experience as a teacher? If we're going to have gender quotas, can we also have a mandatory quota of non-teachers?


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 12:47 pm 
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heard this on the way to work, my god, how could they even be suggested? you would wonder how she can put on her own shoes never mind her vehicular adventures.

the quality of td's of both genders in the dail is a sight to behold, instead of gender quotas it should have been i.q quotas.


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 12:56 pm 
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So many questions. So does this only apply for Irish born returned emigrants? Will she be excluding, say, a Polish person who worked in Ireland for years, then left for a while and now thinking about returning? Can she actually make a tax exemption dependent on nationality?

I know several people who have taken opportunity to relocate to US for few years, via their employers. They would seem to fit into MMOCs criteria. They never banked on (nor need) a tax exemption for their (always planned) return but perhaps their lucky numbers are coming up.


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 1:11 pm 
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No taxes on Apple (or other MNCs).
No taxes on Vultures (even after Noonan's "amendment")
Restoration of highest wages (incl. pension + allowances) in Europe for our Public Services (inc. Mary Mitchell O'Connor).

And now, lower taxes for private sector returning emigrants.

Ever get this feeling ......

Animal Farm: Boxer the Horse is injured at the Windmill

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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 3:08 pm 
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inregionof wrote:
Can she actually make a tax exemption dependent on nationality?

I suspect the answer is no, at least not when it comes to other EU nationals. However she could weasel around it by saying that you get a tax credit against tax previously paid in Ireland within the last 20 years, or something similar.

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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 3:14 pm 
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Mantissa wrote:
inregionof wrote:
Can she actually make a tax exemption dependent on nationality?

I suspect the answer is no, at least not when it comes to other EU nationals. However she could weasel around it by saying that you get a tax credit against tax previously paid in Ireland within the last 20 years, or something similar.



But you have to have ceased paying tax for the last five years? And being on the dole doesn't count?


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 3:16 pm 
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Evil_g wrote:
Mantissa wrote:
inregionof wrote:
Can she actually make a tax exemption dependent on nationality?

I suspect the answer is no, at least not when it comes to other EU nationals. However she could weasel around it by saying that you get a tax credit against tax previously paid in Ireland within the last 20 years, or something similar.



But you have to have ceased paying tax for the last five years? And being on the dole doesn't count?


Or even, you have to have been non-domiciled here for 5 years.

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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 4:05 pm 
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i don't see the point, form the surveys that have been bandied about recently it seems that most who intend to return aren't doing it for the money. it's a very shallow attempt at being Fianna Fail.

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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 4:08 pm 
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You can also look at it another way -- it means that the government would be effectively subsidising the salaries of high-skills positions because companies would be able to pay less for the same job. It wouldn't surprise me if the idea came straight from FB or Google, with a bit of "green jersey" added for political cover.

Also, it might help drive up house prices! Huzzah!

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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 4:44 pm 
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If they put as much effort into lowering the cost of living, we'd all be much better off.

'Thou Shall Pay More' is the first commandment of all Irish governments.


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 5:09 pm 
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catbear wrote:
i don't see the point, form the surveys that have been bandied about recently it seems that most who intend to return aren't doing it for the money. it's a very shallow attempt at being Fianna Fail.


Would imagine Fianna Fáil, to give them a small bit of credit, would likely target any tax breaks at people who are registered on the electorate to vote.

Is this a smokescreen for something else? Maybe Mantissa on to something, maybe Facebook or Google blue skied this with Fine Gael at some point.


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 Post subject: Re: Lower income tax for returning emigrants
PostPosted: Tue Sep 27, 2016 5:11 pm 
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observer35 wrote:
And now, lower taxes for private sector returning emigrants.

Also medical staff. So may allow a couple more Ferraris or McLarens be sold to hard hit public servants in middle sized hospitals.
http://www.independent.ie/irish-news/co ... 54807.html

I assume the idea comes from the Netherlands. http://www.iamsterdam.com/en/local/offi ... ent-ruling.

I doubt this can be implemented here as the begrudery obstacle seems insurmountable. But regardless of that it's just another sign our income tax system is permanently broken.

Was looking up taxes recently and noticed a 100k earner in Ireland pays higher social insurance than a 1 million earner in Sweden (they pay 7% but capped at 55k and is tax deductible). A 1m Irish employee would pay 40k in PRSI, their Swedish equivalent would pay 4k and get a lot in return for it. Biggest difference between countries like Sweden and Ireland is that 30% income tax kicks in at around @ 2500 euro.

Ironically the main objections to Scandinavian levels of taxation and services in Ireland come from the "left".


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