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Ibec’s ‘confused’ tax talk hides an agenda

One could be forgiven for being confused by the frequent urgings of Ibec on tax — until the penny drops as to the purpose of their frantic lobbying.

Their latest pre-budget submission implores the Government not to increase taxation — in the interest of the economy, don’t you know.

This is the same Ibec that is urging the Government to double the planned property tax to €800 per annum — no problems here with taxation.

But a moment of pondering irons out this conundrum.

Ibec have no problems with tax, unless, of course, it is targeted at those with huge incomes and pensions.

The economy desperately needs tax increases, where they can be afforded and do least damage to spending power — on high-end incomes, with the returns used to reduce the burden on those at the lower end of the scale.

Ibec will learn that if the Government does that, there will be an instant boost to the local economy, as those with little will spend the windfall. It’s funny that Ibec cannot see the simple logic in that proposal, but, then again, under closer scrutiny they appear not to be a business advocacy group at all, but, rather, a club for those on high incomes determined to keep what they have — regardless of how that impacts on the rest of us.

Jim O’Sullivan




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