Like the austerity budget plans in England, Greek and Portugo, there are really helping their deficits and economy- NOT:
France Tells Ireland: Increase The Corporate Tax Rate, Or We Won't Cut Your Bailout Rate
Gavan Reilly, thejournal.ie | Jun. 8, 2011, 5:55 AM
France is set to exercise its veto in order to ensure that Ireland does not secure a cut to the interest rate on its EU bailout without first increasing its corporate tax rate.
The news, reported in both the Irish Independent and Irish Examiner this morning, comes on foot of Michael Noonan’s stern declaration yesterday that Ireland would not be “waltzed around” and sacrifice the “heart and soul” of its economic policy.
The Rxaminer’s Ann Cahill and Paul O’Brien quote a French source as saying: “The French are digging in. They will use their veto.”
“To those who are opposing us and trying to force us to change our corporation tax rate, I tell them once more today that they have no negotiating position,” Noonan had told the Dáil yesterday.
Those statements may, however, be seen as Noonan softening the ground somewhat – as he also said the potential savings of a cut to the 5.83 per cent interest rate currently paid by Ireland had been dramatically overstated.
A reduction to 5.23 per cent would mean an annual saving of €148m, he said, while a cut to 4.83 – a full percentage point lower than the current average rate Ireland pays – would mean savings of around €200m.
The rate could not be cut on loans that had already been drawn down, Noonan clarified, and the amounts of money Ireland would save by sacrificing its corporate tax rate were “so small” compared to the income it might lose by raising corporation tax.
The Independent notes that European economics commissioner Olli Rehn has previously stressed the need for “unanimity” across all member states before Ireland’s rate can be cut.
It remains possible, therefore, that the French decision to play hardball could ultimately mean that Ireland will cut its losses and make do with its current interest rate in order to stave off the risk of seeing major multinationals.
The next meeting of the European Council is set for June 17.
Not accurate, but in Idaho is common to blame anyone but the guilty. A nice link for you, it is not in my imagination, it is sadly the shameful acts that happen around you.. Idaho main exports: potatoes and racism! (see google)
Nope, I told you that I speak with a foreign accent, and NOT that I am asian. You assumed that I am asian because of my screen id - ___ying. I explained you at the time about ying/yang, and that ying has nothing to do with my real name. Later I changed my screen ID to jokfun, to avoid the ying confusion/assumption. It is frightening to have people like you in a jury pool.
Yes, I used previously richardying ID and I changed it becaue some poeople, like you, assumed that I am ASIAN. I am not! You make some connection between an assumed ID name and national origin? Oh well, that is nonsense.
SPRINGY, your malicious posts against me are based on your conviction that I am an ASIAN. I am not. It is known that "Asians" are the "quiet" minority, and also I told you that I am not. Oh well, you can't figure that out by yourself. Well, your nasty posts are directed to some abstract "Asian" that exists only in your imagination, and not to me. I am not offended, I also that you are being annoyed by my postings. You do not deserve respect, you are a racist and a fool in the same time; a deadly combination. You cognitive plumbing is not connected right, and leaking feelings of nationalism and dreams of superiority. You are an ignorant, and that is your fault; it is your "personal responsibility" to better yourself. Isn't it? It is hard to believe that people like you survived this new society.
Funny how jok ahole can say FU to someone and yahoo let's that go, who's side is yahoo on?
<FU springy! stupid, do you need it translated in englich or you understand what I mean?>
Yahoo is Obama's water boy!!!!!!!
Actually the quote says he wants them reduced for nearly everyone and restored at least to Clinton-era levels for the most wealthy?
Just like it was way back before crack-dealing slimeball Ronald Reagan started piling on the national debt?
One of Buffet's other favorite jabs against Republican Fraudonomics is that his Secretary pays a higher tax rate than he does.