QuoteThe EU have actually argued against VRT.Originally Posted by dahamsta
I'd imagine our high VAT (and VRT) rate is a trade off of sorts against our corporation tax rate. That's what you get as a member of the EU. A good a reason as any to leave.
The EU have actually argued against VRT.
Maybe in public.
They're not fond of our corpo tax levels either.
You can't spell failure without FAI
Evidence? I'd be surprised.
The same reason they are against our corporation tax is the reason they dislike VRT, namely standardisation. Which reduces tax arbitrage.
I don't necessarily agree with the EU position on tax standardisation, but it's somewhat of a moot point as out low rate is becoming increasing less relevant year on year for a multitude of reasons.
VRT, on the other hand is an absolute BS consumption-based tax which is indicative of the myopic short-termist attitude of sucessive governments. If you're taxing cars every moron knows you should target use.
Evidence of what they're saying in public? Eh, what?
I was in Newry today. £1 for €1 in some shops, £0.90 for €1 in most of the others.
I'd have zero faith in the multiples to pass on (the full) reductions*, and zero faith in their pals in Government coming up with a mechanism to make them+.
*For years the excuse for the higher prices was the exchange rate, since the exchange rate changed, it's now costs and wages.
+The Government could at least make the multiples publish their accounts for the state, so we can see the difference in margin. From leaks, Tesco have a margin of over 9% and aiming for higher in this state, whereas company wide their margin is under 6%. Link
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
You alleged the EU were publicly against VRT, but privately supporting it. Thats completely unsupportable by its nature and is effectively a rumour?
A rumour that is completely contrary to tax harmonisation.
Tax harmonisation is all well and good, but if they were completely focused on it, we wouldn't have a corporation tax rate of 12.5% that is contrary to EU policy. The EU is a political organisation that makes deals, and VRT and our high VAT rate are part of that. Call it "rumour" if you like, it's as plain as the nose on your face to me.
Often wondered why they don't have custom checks , Garda road blocks etc on the M1. I'm not saying its legal or fair, but long traffic Q's would discourage people shopping in Newry.
That's a ridiculous idea. The amount of traffic on that road would make it a mad plans. There'd be hours of tailbacks.
Never minding the fact that no-ones breaking the law by shopping in the north.
The idea would be create tail backs to stop people shopping there & get sales & vat reciepts up in the Republic. There not doing anything illegal by shopping in the north, but either would the Gardai or Customs be doing anything wrong.
Check points never stopped the cross border shopping when there were restrictions (both on travel, and on imports) so I wouldn't see it do much now.
Mind you, I'm sure Coughlan et al would like the idea - why address the profiterring when you can let your pals make hay whilst discomoding the public? I guess it's only a step away from the guilt trip attempts of now.
If you attack me with stupidity, I'll be forced to defend myself with sarcasm.
There was me thinking that Fermanagh, Tyrone and Derry was in Ireland!
Funny that Fianna Fail (the "republican" party) now refer to them as non Irish!
I also dont remember an issue when a few years ago there was ques of Northern Ireland registered car outside petrol stations in Louth, Cavan, Doegal etc
Posting Permissions
Bookmarks