September Storms

[John m]

I think the sh1t hit the fan today.  Electric Ireland, with a million customers, put up their prices by 27% for the leccy and ~40% for gas.   Prices go up in 30 days! 

Those million customers are Mr & Mrs Average who just go with the flow and don't change supplier every year or ring around for deals.  And they vote!

Edit: or to put it another way.  Bills went up 30% in Aug and now another 27% on Oct.  I don't think the Aug bills have been sent yet.  Imagine how grim it will be for some people to open their fuel bills in December when the kids are screaming for the latest and greatest from Santa!



Maybe it is time to get a (battery-powered) gun!

I can get a Tazer off Big Dommos Cousins sisters fellas fella .

[John m]

FAIR PLAY TO SARAH writing about what I wrote six months ago .Great Journalism .....What about the interest rate  increase on our National Debt Sarah .Would you like me to write that up first as well .

Sarah Collins

September 01 2022 04:52 PM

Ireland’s reliance on highly-paid workers at multinationals puts future tax receipts at risk, the Department of Finance has warned. A surge in income tax receipts last year - the take was €3.7bn or 16pc up on pre-pandemic levels - was largely down to wage increases and not job creation, the Department said in its annual tax report. Pandemic-proof sectors such as IT and pharmaceuticals drove the bumper tax take last year, which has continued into 2022. However, Government is increasingly worried not only about a loss of corporation tax revenue as a result of global tax reform, but also job losses and a movement of high-earners out of Ireland. “In the event of a shock to the multinational sector, this would also result in a substantial loss to income tax receipts. As such, the concentration risk – where a relatively large share of income and corporate tax receipts arises in large multinational firms – is a significant vulnerability for the public finances,” Finance Minister Paschal Donohoe said at the publication of the annual tax report. Last year’s OECD deal - to tax large corporations 15pc on their global income and shift taxing rights to countries where they make their sales - could see Ireland lose around €2bn a year in corporation tax receipts once it is implemented, which is unlikely to be before 2024. If that - or an economic slowdown - forces a reduction in multinational investment in Ireland it could herald a “very substantial loss to income tax (and PRSI) receipts”, the tax report said. Corporation tax receipts saw the largest percentage jump last year - 41pc or €4.4bn higher than 2019. They are expected to come in even higher in 2022 than the total €15.3bn collected last year. The Irish Fiscal Advisory Council said this week that the overall tax take could come in €3.5bn ahead of estimates the Government made in the summer economic statement just a few weeks ago. But it said that without “excess” corporation tax - amounts that can’t be justified by the performance of the domestic economy - the budget would be in deficit instead of surplus this year. It warned the Government to put excess receipts into a rainy day fund or a new pensions reserve fund to pay for the mushrooming costs of allowing people to keep retiring at age 66. The Department of Finance estimates that the Government will need to find an extra €7bn to fund pensions and other age-related expenditure on public services by the end of the decade.


NOW LOOK AT WHO THEY ARE BLAMING : new pensions reserve fund to pay for the mushrooming costs of allowing people to keep retiring at age 66.WHAT ABOUT CIVIL SERVANTS GETTING A PAY RISE  THAT WILL EFFECT THEIR PENSION ENTITLEMENTS AS IT IS INDEX LINKED.GET A GUN

[silverbullet]

FAIR PLAY TO SARAH writing about what I wrote six months ago .Great Journalism .....What about the interest rate  increase on our National Debt Sarah .Would you like me to write that up first as well .

Sarah Collins

September 01 2022 04:52 PM

Ireland’s reliance on highly-paid workers at multinationals puts future tax receipts at risk, the Department of Finance has warned. A surge in income tax receipts last year - the take was €3.7bn or 16pc up on pre-pandemic levels - was largely down to wage increases and not job creation, the Department said in its annual tax report. Pandemic-proof sectors such as IT and pharmaceuticals drove the bumper tax take last year, which has continued into 2022. However, Government is increasingly worried not only about a loss of corporation tax revenue as a result of global tax reform, but also job losses and a movement of high-earners out of Ireland. “In the event of a shock to the multinational sector, this would also result in a substantial loss to income tax receipts. As such, the concentration risk – where a relatively large share of income and corporate tax receipts arises in large multinational firms – is a significant vulnerability for the public finances,” Finance Minister Paschal Donohoe said at the publication of the annual tax report. Last year’s OECD deal - to tax large corporations 15pc on their global income and shift taxing rights to countries where they make their sales - could see Ireland lose around €2bn a year in corporation tax receipts once it is implemented, which is unlikely to be before 2024. If that - or an economic slowdown - forces a reduction in multinational investment in Ireland it could herald a “very substantial loss to income tax (and PRSI) receipts”, the tax report said. Corporation tax receipts saw the largest percentage jump last year - 41pc or €4.4bn higher than 2019. They are expected to come in even higher in 2022 than the total €15.3bn collected last year. The Irish Fiscal Advisory Council said this week that the overall tax take could come in €3.5bn ahead of estimates the Government made in the summer economic statement just a few weeks ago. But it said that without “excess” corporation tax - amounts that can’t be justified by the performance of the domestic economy - the budget would be in deficit instead of surplus this year. It warned the Government to put excess receipts into a rainy day fund or a new pensions reserve fund to pay for the mushrooming costs of allowing people to keep retiring at age 66. The Department of Finance estimates that the Government will need to find an extra €7bn to fund pensions and other age-related expenditure on public services by the end of the decade.


NOW LOOK AT WHO THEY ARE BLAMING : new pensions reserve fund to pay for the mushrooming costs of allowing people to keep retiring at age 66.WHAT ABOUT CIVIL SERVANTS GETTING A PAY RISE  THAT WILL EFFECT THEIR PENSION ENTITLEMENTS AS IT IS INDEX LINKED.GET A GUN

My Aer Lingus pension was raided by Daffy Duck Donohoe, not worth a tuppeny damn now.

[John m]

Wait till we have to pay 2% + on our Debt to the ECB at present we pay about .02 % that will take about 2 billion out of the tax take .I posted that Dale from Facebook says a lot of Monitoring jobs with Facebook and Google will leave Ireland because our Data Commissioner cant get the deal done to protect them .When the Shinners Come to Power they will impose taxes on Big Landlords flood the market with cheap Gaffs as they flee the market .Shinners say we got you cheap gaffs .But other home owners and borrowers go back into negative equity .We are not in a good place Brian .The whole thing was built on a foundation of Sand .Looking forward to see if Cynide Tits pulls the plug on the Protocol and Wombzilla in Italy if she tells the other Womb Wearers in the European Commission and World Bank to go Fuck themselves .Silver I have tried to explain Feminine energy it is simple .Most Women love their own Children but hate other womens Children .Men are Fucking Indifferent .or Big Dommos example  The lads in Last of The Summer Wine never fell out with each other .The Women in Sex and The City spent all their time bitching about each other .AGE OF AQUAROUS stuff .I really am not Mad just enlightened .

[John m]

My new September Storm Warning .USA just banned the Sale of certain Chips to China almost guarenteed that China will invade Taiwan .what the fuck is their Game .

[John m]

My new September Storm Warning .USA just banned the Sale of certain Chips to China almost guarenteed that China will invade Taiwan .what the fuck is their Game .

Are America looking to start another War between Taiwan and China....... Washington: The US State Department has approved a potential $US1.1 billion ($1.61 billion) sale of military equipment to Taiwan, including 60 anti-ship missiles and 100 air-to-air missiles, with China threatening to take countermeasures.

[Belker]

My new September Storm Warning .USA just banned the Sale of certain Chips to China almost guarenteed that China will invade Taiwan .what the fuck is their Game .

Who cares ?

How is the price of the Sliced Pan doing these days ?

[John m]

My new September Storm Warning .USA just banned the Sale of certain Chips to China almost guarenteed that China will invade Taiwan .what the fuck is their Game .

Who cares ?

How is the price of the Sliced Pan doing these days ?

Kenneth I will tell you why you should care .The tail is wagging the dog .Eamo the Cucumber wont allow the country build a power system that he dosent like .The bread has gone up about 30% .And as you sit drinking a Beamish with your eldest lad consider he might have to fight a War .The World dosent begin and end with the Douglas Road or driving a Taxi Kenneth .I am not a Religious Man but I am a Spititual Being I know whats coming .I have Posted this before .WE as in most of us on here are the Luckiest Generation ever Born .If you were born between 1950 and 1980 you never had to fight a war .Had free Education ,Almost Full Employment ,Cheap Housing ,Freedom of thought and  action, freedom to travel .You could walk the streets of your local town safely .We took all that for granted .I dont know if you realize that we are under Siege like the Trojan Wars we are being starved of Energy and we will turn on each other and survival of the Fittest will apply .Kenneth we are at WAR .You should Care .Paddy Power are not betting on it and the BBC are not giving out the Scores but believe me we are at War .Just in case you missed it Russia is starving us of Energy while the China Lockdowns are starving the World of parts .They are destroying the Wests Economies America are stirring it for Profit .So Kenneth the price of bread really does matter .

[John m]

WHEN ONE NUT JOB HOLDS A WHOLE COUNTRY TO RANSOME .....Energy Minister Eamon Ryan has redoubled his opposition to a proposed liquified natural gas (LNG) storage facility on the Shannon estuary – despite the energy supply crisis he dubs “beyond the oil crisis of the 1970s”.

An Bord Pleanála will soon rule on a planning application for the facility, and the Taoiseach said on a visit to Kerry last month that the development is “among options which have to be considered” due to the war in Ukraine.

Mr Ryan has also ruled out nuclear energy for Ireland, despite it now being dubbed “green” in certain limited circumstances by the EU, in an initiative driven by Irish commissioner, Mairéad McGuinness.

“The war in Ukraine has changed everything, there’s no doubt about that, and the scale of this energy crisis is beyond the oil crisis of the 1970s,” Mr Ryan told the Irish Independent. “We have to look at a variety of energy storage facilities – but that doesn’t mean you go with Ballylongford”.


I HOPE SOME SENSIBLE FF OR FG TD says enough is enough of this Dangerous idiology .WE need a General Election to get rid of these clowns before its too late .

[John m]

"And there off Cynide Tits straight into the Lead followed by Total Despair and Future Trouble close up in third .Mick from Cork and Backpassage Boy tailed off early Mary From the Navan Road held up for a late run .Late Money for DUP Boy and nobody wants to support Zaleznyy the Clown .As they approach the First fence lets see if there are any fallers .

[John m]

Talking to Dale from Boston Yesterday going to the Ball Game says he is with The Book /Facebook /Meta .He says a lot of Jobs in the tech industry in Ireland will be gone by this time Next year .The Irish Data Comissioner cannot do the Job Big Tech wants and protect them from Scrutiny so a lot of Monitoring and data Protection jobs will be moved from the Google Ghetto and the Meta Sweepstakes Buildings .Whats the World coming to when we cannot help the Yanks to Spy on the rest of Europe or cannot help Apple to rob tax money .Bring back Bertie or Enda .

DALE must of heard a rumor ........The Irish Data Protection Commission (DPC) has fined social media platform Instagram €405 million for violations of the General Data Protection Regulation (GDPR).

It follows an investigation into breaches relating to children's data which was commenced on 21 September 2020 on foot of information provided to the DPC by a third party, and in connection with processing identified by the DPC itself.

[watty]

I'd say the tech companies are happy enough here.  Our DPC is pretty weak and understaffed - they'd face a much tougher scrutiny if they went elsewhere in Europe.  Apparently all the other EU DPC's are fed up with her office and how inefficient it is.  In contrast, I believe France has been lashing out the fines as well.

The Guardian reports Facebook made $9 billion profit in 3 months in mid-2021.  My dubious maths says €405 million is about an hours profit for Facebook, the parent company!

[John m]

Thin edge of the Wedge .Ireland use to turn a Blind one cant get away with that anymore .When we were  sucking up to Britain and sticking togeather we could Fuck who we liked .British are not signed up to most of the GDPR stuff so all the Moderators Jobs will migrate to the UK thats a loss of a few thousand high paid jobs to Paggo and the Irish Cleptos .

 The other change is tax must now be paid in the country it is generated in .So sending out a Bill from Cork or the Google Ghetto wont mean Paddy gets to fiddle the tax for Billionaire Industries .

[silverbullet]

Should we consider defenestration for our billionaires/oligarchs?

[John m]

Should we consider defenestration for our billionaires/oligarchs?

Only if we can get them to the top floor .