apartments, the prices are locked in. Those purchasing them - approved housing bodies or whomever - have already agreed a price. This will create a windfall profit for developers, and that money will go straight into their back pockets.
There is no need for a resolution like this … activation, however, it should have been designed differently. This measure that will be voted through shortly by Government will give some individuals a windfall profit that will go into their back pockets, with no good policy outcome for the public. In fact, it is costing us in terms
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credit. These are simple, straightforward and, most importantly, targeted reliefs. We have no difficulty saying we would put a 20% windfall levy on energy companies’ profits and a levy on data centres to pay for them - cost neutral to the State. This is the kind of real action
business that is struggling or needs support. Slashing its VAT bill by 4% will boost its profits by millions of euro. Other large chains will enjoy similar windfalls.
An entire generation is looking at this budget and wondering if there is a future here for it. What
gain of €635,000; Compass Catering, €130.4 million turnover, a €5.8 million, and Sodexo, profits up by 44%, a gain of €5 million. These six large companies share €54 million of a windfall gift from the Government, in a country where we have 640,000 people living below
relevant post Covid - the advisory council, the so-called watchdog, has being urging extra-special caution. It warns that the corporate tax receipts windfall could dry up at any time and should not be factored into economic deliberations. Before this budget, it stated:
Given that the economy … reduction in VAT for the hospitality sector, and while the small café benefits, so, too, does the larger entity that is making massive profits. Ronald McDonald gets the tax breaks while the McDonald family members living in Clondalkin, Lucan, Palmerstown and so on struggle to keep up with
economy, which clearly they are, let us be consistent. Investing in people is every bit as economically transformative as investing in profits. A report a couple of years ago by the Society of St. Vincent de Paul calculated the cost of poverty to this State to be about … prison spaces but cannot find the courage to fund early intervention programmes for young people at risk; a Government that celebrates corporate windfalls but ignores the social collapse happening in plain sight in our capital city. There is almost nothing in this budget that deals with early intervention
Deputy Healy-Rae have kicked them to the curb. In the months leading up to this budget, we have seen eye-watering profits for major energy companies while they hike their prices for consumers. The Government was perfectly happy to issue blanket energy credits in recent budgets … multinational companies and the billions of euro in taxes they contribute. That level of reliance on what has often been described as windfall taxes also generates an insecurity and instability for many. What the Labour Party, as a constructive party of opposition with a proud record on workers
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