“There are a number of difficulties with windfall measures that particularly look to focus on the energy sector,” he said.
“If we decide we’re going to tax the renewable sector and the wind sector more in the future, that runs the risk of undermining the very investment we need to become energy independent. He admitted that people are concerned about soaring profits in the sector while many struggled to pay their bills but warned “there are significant consequences to measures like that.”Mr Donohoe’s remarks hint at tension within the top rank of coalition ministers as they draw up proposals for the autumn budget; Tánaiste Leo Varadkar has echoed Mr Donohoe’s remarks and warned that such a measure could “weaken the capacity of state-owned companies to invest in renewables and the grid”.
We don’t have energy independence. We import energy and can’t store gas.
Tell me businesses and corporations are more important than ordinary people without telling me that businesses and corporations are more important than ordinary people.
They would only raise the prices anyway, price regulation is whats needed but the regulator is as corrupt as the rest of them.
If I may offer a modicum of advice; if you are not checking on the security of your pension, you are foolish. If, when you do & you're not entirely happy, err on the side of caution! Buy Gold now!
What energy independence? What’re you smoking!
Why don’t they cut the USC? Wouldn’t it be easier than tweeking non existent tax bands…
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Source: IrishTimes - 🏆 3. / 98 Read more »