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

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Monthly archive September, 2016
The Eagle has Landed

The Eagle has Landed

Today the Public Accounts Committee’s looking into the potential underselling of Project Eagle (NAMA’s Northern Ireland loan book) by about £200m. What it won’t be looking into is more important. First, with potential profits of nearly £2bn from Project Eagle, the undersell could be way, way more than £200m. Second, the purchaser of Project Eagle...
Eagle's Potential Loss is Bigger Than £190m

Eagle’s Potential Loss is Bigger Than £190m

The potential loss of £190m to the state from Project Eagle is getting much attention. But there’s a much bigger loss to the state from Project Eagle… about £500m in potential tax avoidance. And unlike the £190m, that £500m can be brought in, if we just make a few important changes to the Finance Act...
Cutting the Red Tape for SMEs

Cutting the Red Tape for SMEs

I meet regularly with business owners and their representative bodies across the county. Time and again, they raise the issue of compliance and regulation, and how time consuming and expensive it is, due to the numerous State bodies involved, and the lack of joined up thinking in terms of the hurdles they are asked to...
Take a Break for Mental Health

Take a Break for Mental Health

  I will be hosting a coffee morning between 10AM and 3PM on the 30th of September in aid of Suicide or Survive in my constituency office in Greystones. I would be delighted if you could come along to help us raise awareness as part of Suicide or Survive’s National Tea Break. Suicide or Survive is...
Why I Had No Option but to Leave the Social Democrats

Why I Had No Option but to Leave the Social Democrats

I’m writing today about what the State needs to do to secure in the region of €10bn to €20bn in potentially lost taxes from the so-called vulture funds. However, I would first like to comment briefly on my decision to resign from the Social Democrats. Having vested so much in the party, and worked with...
Move to Close Loopholes on Tax Avoidance Still Full Of Loopholes

Move to Close Loopholes on Tax Avoidance Still Full Of Loopholes

The draft legislation published by Minister for Finance this week is a welcome first step, but it has more loopholes than a Swiss Cheese. Initial soundings suggest that the proposed amendment, aimed at shutting down tax avoidance by so-called vulture funds, might only stop about a tenth of what’s going on.