Stephen Kinsella: The true cost of scrapping an ‘almost perfect’ tax

Ditch the USC and the middle classes will still have to stump up the cost of the spending increases we need

28th August, 2016
Public pay deal worth €887m. Pic: iStock

The European Union is investigating Apple to see if it owes countries like Ireland billions in unpaid taxes. As of the second quarter of 2016, Apple has a cash balance of around $231 billion. To put that in its proper context, Ireland’s total national debt is around $226 billion.

Apple can obviously afford whatever the fine is. There’s a lot of money to play for. The pile of multinational cash parked overseas in places like Ireland...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Private rental sector remains strong despite Covid-19

How the programme for government will shape housing

Insight Niall Byrne 3 months ago

Comment: US must defuse Covid-19’s ticking time bomb of debt

Insight Todd G Buchholz 3 months ago

Comment: The recovery will be more U than V-shaped

Insight Larry Hatheway 3 months ago