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Policy issues concerning Taxation

Social Justice Ireland welcomes the decision of the European Parliament to urge the EU to promote the introduction of a financial transaction tax such as the Tobin Tax which could raise around €200 billion per year in the EU and would also discourage speculative trading by making it more costly. A tax along these lines has been proposed constantly by Social Justice Ireland.

Social Justice Ireland has claimed that Government’s proposals to adjust Ireland’s budget in the next four years is unjust and unfair. Government is proposing to achieve adjustments of €15bn by 2014 through taking €10bn in cuts and only €5bn in tax increases.  Ireland’s total tax-take is one of the lowest in the European Union. It is possible to raise Ireland’s total tax-take by €10bn and still remain a low-tax country.

TAX BREAKS result in the Irish exchequer forgoing €11 billion in income annually, according to a research paper presented at the Dublin Economics Workshop in Kenmare. The paper was written by two members of the Commission on Taxation: Dr Micheál L Collins, an economist at TCD, and Mary Walsh, a chartered accountant.

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Making tax credits refundable would benefit 113,000 low-income individuals in an efficient and cost-effective manner according to a new study published by Social Justice Ireland on July 5, 2010.

October 19, 2005: Text of presentation by Sean Healy and Brigid Reynolds at meeting with Joint Oireachtas Committee on Finance and the Public Service concerning the Review of Tax Reliefs and High Earner

Ireland’s total tax-take is far below the EU average according to statistics published June 28, 2010 by Eurostat, the EU’s statistical agency. This publication shows that across the EU the total tax-take averaged 39.3% of GDP in 2008. For Ireland the comparable figure is 29.3%. This raises two major questions for Ireland:

The tax wedge in Ireland remained one of the lowest in the OECD in 2009 with 24 countries out of 30 taking a higher percentage from single people on the average wage and 27 countries taking more from a family on an average wage according to the OECD’s annual publication ‘Taxing Wages’ published on May 11, 2010. This is the case despite the fact that Ireland increased the tax wedge in 2009 on single people with average wages by 1.5 percentage points and on families with

The European Parliament has passed a resolution calling on the European Commission to analyse the possibility of introducing a tax on financial transactions such as a Tobin Tax or a Robin Hood Tax.  The motion was passed by 536 votes to 80.

February 28, 2007: Submission by CORI Justice to the Department of Finance on Vehicle Registration Tax (VRT) and CO2 emissions

CORI Justice welcomes the decision by the Minister for Finance, Mr Brian Cowen 
T.D., to undertake a review of the nature and structure of vehicle registration tax 
(VRT) as announced in Budget 2007. For some time CORI Justice has advocated the