Dell to cut 1,900 in Ireland
Out of context: Reply #12
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- rafalski0
It's not only the wage, rough calculation tells me it's only about a million a year in savings - it won't even cover the move to Poland. It must be some corporate tax breaks as well.
Ireland still has incredibly low corporate tax (12.5%) and very high tax-free personal income allowance (€18300/year for employed, half of that for self-employed). On the other hand, Irish minimum is very high, €1400/mo is good money ie. in Spain, even in biggest cities.
Problem is, recent tax rises (petrol, income, wine, cigs, vat) which are meant to mend the budget will only make the hole bigger. It's the most idiotic move of this government. When you want to collect more taxes, you need to lower them. This is how Ireland got rich in the first place. This paradox might be to hard to grasp for them I'm afraid.
Also, UK lowering their VAT at the same time plus cheap Sterling will be disastrous for Irish economy, but that's tax/currency competition at work and it's good in a bigger picture.