Éire Inniú Anois - Ireland today now
CORPORATION TAX REFORM
corporation tax @12.5% if 80% of staff are Irish
@15% if 75% of staff are Irish
@30% if 60% of staff are Irish
@50% if 50% of staff are Irish
special corporation tax
@10% if over 85% of staff are Irish and is in built up area (zone1)
@8% if over 85% of staff are Irish and is in less built up area (zone2)
@6.5% if over 92.5% of staff are Irish and is in (zone1)
@5% if over 92.5% of staff are Irish and is in (zone2)
@4% if over 97.5% of staff are Irish and is in (zone1)
@2% if over 97.5% of staff are Irish and is in (zone2)
PLEASE NOTE: many of the MNC'S that are currently in Ireland pay much less than 1%, not 12.5%.
ÉIA believe we can break tax loopholes by taxing corporations heavily if funds are moved from Irish banks. Tax loopholes are being shut down around the world. Shareholders of corporations will be very interested in our lowest rate corporation tax and will know it is extremely worthwhile hiring the higher amount of Irish staff and will more than move towards this goal.
ÉIA is currently working on a report on the spending habits of the HSE and county councils, we will scrutinise spending in these areas and release a report on how better to spend our budget. We still do not have all the details so some of the above figures maybe subject to change, however this is the general idea of what to expect in our alternative budget. ÉIA will present an alternative budget in the near future.