Results 18,081-18,100 of 35,756 for speaker:Pearse Doherty
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Let us consider the comparison of the total tax wedge in 2016. Dr. McDonnell can correct me if I am wrong. Is the total tax wedge the cost to an employer of employing an individual?
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Yes. It is based on the OECD statistics. I assume that NERI has taken the average earnings in each of the 15 western European EU countries.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: It has converted those figures to dollars.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: It is all equal. Is that the best way to equalise this?
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: If an employer wants to employ an individual in Belgium on the average Belgian wage, how does that compare with the situation in Ireland? According to the data being presented here, how much would an employer have to pay to pay the average?
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: What does that mean in layman's terms?
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Okay. In Ireland's case, it would be 27%.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Out of the 15 countries, Ireland would have the lowest tax wedge for the average earnings.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: For an employer looking at it and saying he or she wants to pay an employee the average wage in the country, he or she will have to pay net pay, tax and the employer PRSI. In Belgium, that would cost him or her €74,000, or €74,913? Is that correct?
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: What makes up the labour costs? Is that not employer's PRSI, employee's PRSI, income tax and the wage?
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Therefore, the cost to the employer of paying an average wage in Belgium would be that amount.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: In Ireland-----
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: I am sorry but I am very interested in these answers.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: These are the questions. The questions are about how it appears in the data as presented that, in terms of the cost of employing someone on an average wage in the 15 countries, only Greece and Portugal would have lesser costs in terms of labour costs. This is my point. There is a narrative that everyone believes, which is that high marginal tax rates and particularly those we have in...
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Dr. McDonnell has provided us with graphs on it. If we take the a one-earner married couple with two children, Ireland falls below the UK as well as the EU average in terms of the tax wedge and labour costs. This is not only at 100% but right up to 250%.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: This is for a one-earner married couple with two children.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: I have two final short questions, the first of which relates to the smoothing effect in terms of capital expenditure. We could provide for €200 million in tax cuts through rate increases or a reduction of half a percentage point in the USC rate, which would give someone on an average income approximately €1 a week. However, that figure could be quadrupled if we used capital...
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Yes.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: If the Government decided not to pursue €200 million in tax cuts, it could decide to invest €800 million in social housing this year and that would be spread out over four years.
- Committee on Budgetary Oversight: Ex-ante Scrutiny of Budget 2018: Nevin Economic Research Institute, Irish Congress of Trade Unions, Irish Tax Institute and Chambers Ireland (20 Sep 2017)
Pearse Doherty: Of course. The fiscal space is a lot bigger in those years.