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Finance

Social Justice Ireland regrets that to date Government has not committed to supporting European moves to introduce a Financial Transactions Tax. The tax offers the dual benefit of dampening needless and often reckless financial speculation and generating significant funds. Reports have estimated a net revenue yield of between €320m and €350m per annum in Ireland alone, while according to the United Nations, the amount of annual income raised would be enough to guarantee to every citizen of the world basic access to water, food, shelter, health and education. This tax has the potential to wipe out the worst forms of material poverty throughout the world.

The Central Bank of Ireland is currently formulating its Strategic Plan 2019-2021.  In light of the number of regulatory issues coming to light - with tracker mortgages, over-charging and access issues - it is important that this Strategic Plan focus on consumer protection and regulation of the financial sector to ensure accountability and access to essential services.  See Social Justice Ireland's submission to the Central Bank here

The Government has today published its National Reform Programme 2018, as submitted to the European Commission.  In informing this process Social Justice Ireland submitted two papers to the Department of An Taoiseach - our comprehensive Europe2020 report and our analysis on the Country Specific Recommendations set out in the 2018 Country Report for Ireland.

The Government’s new Pensions plan has missed the opportunity to provide a Universal Pension as a basic right to all citizens. It has also failed to address major issues around equity, sustainability and bureaucracy that have underpinned Ireland’s pension system for generations. Read Social Justice Ireland's new report: A Universal State Social Welfare Pension.

Some tax proposals currently being considered by Government should be rejected because they would give far greater benefit to people earning higher incomes than to lower income employees according to a new study conducted by Social Justice Ireland.

Social Justice Ireland's recent book entitled Basic Income: Radical Utopia or Practical Solution? has received an award for original work in Irish Fiscal Policy from Ireland's Foundation for Fiscal Studies, Fiscal.ie.

Budget 2018 is just around the corner. What kind of changes to Ireland's taxation system are coming. Social Justice Ireland analyse some of the options available.

One hundred years after the 1916 Rising Ireland faces major choices that will shape its future for the decades ahead.  The dominant economic approaches and policies which have been favoured in recent decades in Ireland, the EU and beyond have failed to recognise the interdependent relationships between a vibrant economy, social cohesion, good governance and sustainability that must characterise any society if it is to thrive in the long run. Yet recognition of this interdependency is critically important if we are to fulfil our obligations to future generations of Irish people and to the planet on which we depend for our existence.  

The Knowledge Development Box (KDB) policy now being considered by the Department of Finance is proposing to offer preferential effective tax rate(s) to income generated from intellectual property and patents under the premise of nurturing innovation, encouraging companies to locate high-value jobs in Ireland, and promoting economic growth.

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