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

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Finance
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)...
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 State of much-needed funds. As...
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...
The Budget- What's missing and how do we pay for it?

The Budget- What’s missing and how do we pay for it?

The budget has some winners, but many losers – more in terms of lack of attention than explicit damage. Here’s a few minutes from the Dáil on what we should be doing – in education, the arts, and other areas – AND how we can pay for it.
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 Donnelly over several months, and...