Lough Erne declaration not taxing enough and falls short of expectations

THE Lough Erne Declaration on tax, a 10-point plan that fits neatly onto an A4 page, falls short of what most economists and campaigners were hoping to see emerge from the hyped group of eight meeting in a bankrupt hotel in Northern Ireland this week.

The final document lacks any detail and may be held up for years in challenges before any concrete action emerges from it. Campaigners say that it could be years before any of the declarations become actions.

The Irish Examiner’s Vincent Ryan asked some leading economists and tax campaigners what they would like to have seen emerge from Fermanagh.