Independent TD for Wicklow and East Carlow. Fighting for job creation, economic justice and political reform.

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Tax Breaks for Commercial Property Will Fuel Bubble

Tax Breaks for Commercial Property Will Fuel Bubble

Proposed new tax breaks in the Finance Bill will fuel an existing commercial property bubble in Dublin. They’ll do this by making commercial property investment, mainly by large foreign landlords, entirely tax free. This will drive up commercial rents, suppress residential development, put Irish banks at risk, and deprive the...
Bray Dart Station Facelift

Bray Dart Station Facelift

It seems to take time to get things done in the public / political sectors in Ireland, but when they come about, it’s wonderful. About 18 months ago I started working on an urban renewal idea for Bray – the area around the Dart Station. It’s dirty, it’s unwelcoming and...
Budget 2017 - Some Good, some Bad, Lots Missing

Budget 2017 – Some Good, some Bad, Lots Missing

The budget – Some good, some bad, lots missing, and sadly lacking in ambition. But tax avoidance in there, as is childcare, and special needs…here’s my contribution in the Dáil.
Donnelly Submits €20BN Proposal on Vulture Funds

Donnelly Submits €20BN Proposal on Vulture Funds

Stephen Donnelly, TD for Wicklow and East Carlow, has submitted a detailed proposal to target €20bn in future avoided taxes. Many so-called vulture funds are using a tax avoidance mechanism called Section 110 to pay almost zero Irish taxes on billions in profits. The matter has been highlighted by Deputy...
Latest entries
Time to Tax 'Vultures' Like the Rest of Us

Time to Tax ‘Vultures’ Like the Rest of Us

Closing down tax avoidance by large investors is part of the difference between the State having, and not having, enough money to invest in public services and infrastructure for the next decade. And to that end, the latest Project Eagle accounts tell us three important things. First, they vindicate the Comptroller and Auditor General’s (C&AG)...
Why would a so-called vulture fund be owned by a children's charity?

Why would a so-called vulture fund be owned by a children’s charity?

Why would a so-called vulture fund be owned by a children’s charity? Why would the children’s charity list the Temple Street Children’s Hospital as one of their ‘Foundation Partners’…when Temple Street then say on national radio that they’re not? And then there was Fergus Finlay on today, saying Barnardos shouldn’t be listed either, referencing children...
Water Ownership Must Be Put to the People

Water Ownership Must Be Put to the People

The people of Wicklow have been crystal clear on what they want to happen – Full and permanent public ownership of our water system. It is essential. I tabled a Bill to that effect last year, and I welcome the support that Deputy Collins’ Bill has received in the Dail this week. The Bill was...
Fighting Double Taxation for Accidental Landlords

Fighting Double Taxation for Accidental Landlords

Some of you reading this are trapped in negative equity. You bought a small apartment around 2005. You paid a fortune in taxes on it. Today, you have kids, and the apartment isn’t suitable to raise your family in. So you need to move. But you can’t sell the apartment. And you can’t buy a...
Finance Bill Could Turn Commercial Property Bubble into next Crash

Finance Bill Could Turn Commercial Property Bubble into next Crash

Analysis by Stephen Donnelly TD, released today, provides new evidence that Dublin is in the throes of a new bubble in commercial property. This means higher rents for businesses across the capital, which are increasingly being paid to institutional foreign landlords who will now be able to operate in Ireland tax free. It means higher...
Finance Bill Means Commercial Landlords Could Soon Be Completely Tax Free

Finance Bill Means Commercial Landlords Could Soon Be Completely Tax Free

Stephen Donnelly, Independent TD for Wicklow and East Carlow has raised serious concerns that changes announced in this month’s Finance Bill will lead to large domestic and foreign commercial landlords operating completely tax free in Ireland. This would lead to higher rents for families and businesses, bigger mortgages, less public money for investment in services...