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Fiscal Policy

Government could substantially increase the resources available to finance social housing by invoking the structural reform clause contained in the EU’s Stability and Growth Pact.This clause allows Government’s to cater for the short-term costs of implementing structural reforms that will have long-term positive budgetary effects.

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.

The focus of the Programme for Government and 32nd Dáil must be on investment in infrastructure and services.  Lack of investment in housing, health, childcare, rural broadband and education threatens economic growth and stability.   The latest research from Social Justice Ireland  in ‘Choices for Equity and Sustainability’ shows that a lack of investment is undermining Ireland’s economic and social stability. 

European Commission publication on making the best use of flexibility within the existing Stability and Growth Pact rules.
 

  • Government should roll out its proposed 90 Primary Care Networks before the end of 2015.
  • As resources become available from Ireland’s recovery priority must be given to securing decent services in areas such as health and education.
  • Essential infrastructure in areas such as social housing and disabilities should also be prioritised.
  • Access to health care at any age should not be determined by the content of one’s wallet.

Taxation plays a key role in shaping Irish society through funding public services, supporting economic activity and redistributing resources to enhance the fairness of society.  This forms a core element of Social Justice Ireland’s Policy Framework for a Just Ireland. A full analysis of the challenges and our proposals on Taxation are contained in our Socio-Economic Review 2015 ‘Towards a Just Society’.  The chapter is available below.

As part of our Socio-Economic Review 2015 'Towards a Just Society' Social Justice Ireland sets out its views on how Ireland can ensure the future does not repeat the mistakes of the past. It sets out a guiding vision for a just society and a policy framework that would deliver a just future for all.  This policy framework is available below.

TASC publication 'Cherishing all Equally' is the first detailed analysis of economic inequality in Ireland. It looks beyond income and wealth at a range of other issues including public services, taxation, family composition, people’s capacities and the cost of goods and services.

The OECD and the Irish Fiscal Advisory Council have both published reports outlining the significant challenges ahead for Ireland and Europe in terms of economic recovery.  The publication of these reports reinforces the need for long-term planning to be at the heart of policy making in order to deliver the services and infrastructure that will be required in the years ahead. 

The Irish Fiscal Advisory Council Fiscal Assessment Report November 2014 assesses Ireland's Fiscal Stance, Macro Economic Forecasts and Budgetary Forecasts.

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