Home > Uncategorized > OECD ADVOCATES AGGRESSIVE MOVE TO THE RIGHT IN IRELAND

OECD ADVOCATES AGGRESSIVE MOVE TO THE RIGHT IN IRELAND

See also  Poorest People Pay Most Tax    http://wp.me/pKzXa-mX

Now It is Happening!!!

TWO YEARS AGO OECD ADVOCATED AGGRESSIVE MOVE TO THE RIGHT IN IRELAND

Ireland is, indeed, moving sharply to the extreme right.

Remember that by 2019 all routes including those served by Bus Eireann must be put out to tender. There is no regulation of wages among the “suppliers” except the legal minimum wage.
Under EU Fiscal Treaty, Ireland cannot borrow for current or capital expenditure. Neither can proceeds from sale of state assets be used. Resources for immediate essential expenditure must be extracted from the population.
Proceeds from corporation profits tax will decline in future years because the 12.5% , even when fully paid, will apply to a declining share of multi-national profits as tax must now be paid on sales in the country where the sales take place.
FG-FF-Lab-Greens will then attempt to compete for FDI by driving down wages. Hence the extreme position taken by government in the Bus Eireann dispute. These parties will be reluctant to increase income tax even on the very rich to avoid upward pressure on wages in the private sector.
Where will the 26-co government get money for essential extra spending on social housing, health, to mend the massive leaks in water mains etc?
These parties will continue to refuse to place any tax whatsoever on the financial assets of the 10% of households who are now 35 billion richer than at PEAK BOOM LEVEL in 2006. (CSO Institutional Sector Accounts) They will also refuse to put any increased income tax even on the top 10,000 income recipients who are on an average of 595,000 Euro each per year. Instead they will give them back more money on top of what they gave them back in tax concessions in the last two budgets.
So where will they get the money?
There will be increases in regressive indirect taxes and stealth taxes together with further cuts in public services. Closure of post offices, VAT on now low rated goods, increase in the price of services from utilities such as electricity, gas, television services will feature inter alia. Water taxes through excessive use charges and increased general taxation to make us pa a second and ,arguably, a third time, will also contribute. (Water Charges were transferred to motor taxation, VAT and other Duties anf Fees by Brendan Howlin in the 1997 Act abbolishing water charges but the revenue has been put to other uses)
BTW, the OECD advocated this over 12 months ago
OECD ADVOCATES AGGRESSIVE MOVE TO THe RIGHT IN IRELAND http://wp.me/pKzXa-vk
BTW2, CSO and Nevin Economic Research Institute have shown that the poorest 10% of citizens pay the SAME PROPORTION OF THEIR INCOME IN TAX as the richest 10%. That is when all taxes are taken into account and not just income tax.

How did Irish Trade Union leaders allow all this to happen?

 

OECD REPORT

Water charges, property tax and home repossession too low !

Tories already implementing these policies in Northern Ireland

See also   Poorest People Pay Most Tax    http://wp.me/pKzXa-mX

The world capitalist think tank ,OECD, has advocated a further move to the right in Irish economic policy.

The  report said repossessions in Ireland should be accelerated and “repossession of collateral on non-performing loans is inefficient”.  Taxes on companies and income tax should be reduced and transferred to property and consumption (VAT etc). Already, the lowest 10% of the population pay the highest proportion of their income in tax due to the weight of indirect taxes in Ireland. OECD is seeking to worsen this position. It wants water charges and property tax increased and enforced. It wants VAT applied to transactions currently exempt.

Right wing commentators often try to confuse the public by stating that the rich pay a huge portion of their income in tax and the system is therefore “progressive”.  In this they are counting only income tax and omitting indirect taxes. They also omit to mention that the rich have a totally disproportionate share of income.

The OECD recommendations form part of a major shift to the right world-wide.   This is particularly marked in Europe since the recession. In the early decades of the EU, when the major powers sought to set up a large common home market, we had cohesion funds and other grants. Now we have the Fiscal Treaty and huge repayments from “programme countries” including Ireland to financial institutions in Germany, France etc. The new  British all-Tory government is moving even further to the right. Welfare cuts, public spending cuts and anti-trade union laws are the order of the day.   These policies are having a large effect in Northern Ireland and are the main contributor to the political crisis there.

We now have austerity policies being implemented north and south and worse to come.

The clear response should be an All-Ireland campaign against austerity!

Water charges, property tax and home repossession numbers low – OECD Ireland report

Irish Independent  PUBLISHED15/09/2015 | 10:18

Ireland’s budget deficit remains too large and public spending pressures here are rising, a global think tank has warned.

In its latest assessment of Ireland, the Paris-based Organisation for Economic Cooperation and Development (OECD) said today that the tax base must be broadened and more must be done to control health spending although it did acknowledge that economic recovery is underway.

It welcome the introduction of water charges, but noted that they remain among the lowest in the OECD. Revenue from the property tax, the OECD said, is also low by international standards.

It also said more must be done to accelerate through the courts the resolution of non-performing home loans that require repossession.

The organisation said rising property prices pose risks, and advised more housing supply was needed and a more developed rental market, but it cautioned against giving any subsidies to first time buyers.

The Paris-based organisation also warned that productivity growth here has been falling for some time.

“Although Ireland’s multinational sector thrived during the crisis, the domestic SME sector is still lagging behind despite the shift away from the low productivity construction sector, with much lower levels of competitiveness, productivity and R&D spending,” the report said.

The report said strengthening competition in the legal sector and in the ports is required.

The OECD said more must be done to increase investment in water quality, as quality fails EPA standards in some areas, as well as more supports for the long-term unemployed, as well as disadvantaged schools.

It said economic growth in Ireland last year was the fastest in the OECD.

The organisation is forecasting growth here of 5pc this year and 4pc next year.

The report, however, did say that strong economic growth had returned to the country and that a robust, broad based recovery was underway.

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: