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  • PR: EU finance ministers debate financial transaction tax, Ireland stands idly by » Press Release » Media » Claiming our Future
    and Cultivate and the European Anti Poverty Network the Irish Naitonal Organisation of the Unemployed Social Justice Ireland and the National Women s Council of Ireland The eleven Member States involved in bringing forward this Financial Transactions Tax include Germany France Greece and Spain The tax will raise 0 1 on trading in bonds and 0 01 on trading in derivatives The proposal has been advanced through an enhanced cooperation procedure The Irish Government chose not to opt into this procedure and has played no role in the development of this initiative It could have raised between 300 and 500 million Euro for the Irish exchequer Niall Crowley convenor of Claiming our Future said We are disappointed that the Government did not take the opportunity to make the financial services sector contribute to the recovery of Irish society and economy It is extraordinary that the financial services lobby has been able to persuade the Government to opt out of this tax A Financial Transactions Tax would raise much needed revenue for the exchequer reduce harmful economic activity by short term speculators and high frequency financial traders and make resources available to invest in public services address climate change eliminate poverty and support development aid he added Supporters will spread this message today on social media platforms in a coordinated action at 11am targeting over 100 000 people They will be asking Minister Michael Noonan to reconsider the Irish Government s position and to introduce the Financial Transactions Tax Further Information Nina Sachau Claiming our Future 087 3340698 nina claimingourfuture ie Note to Editors Full list of organisations calling for the introduction of a Financial Transactions Tax Irish Congress of Trade Unions Services Industrial Professional Technical Union SIPTU Mandate and IMPACT Christian Aid Ireland Debt and Development Coalition Ireland Oxfam Ireland

    Original URL path: http://www.claimingourfuture.ie/media1/events/2014/05/06/pr-eu-finance-ministers-debate-financial-transacti/ (2015-10-30)
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  • Press Release: Claiming Our Future Hosts Debate on Financial Transactions Tax » Press Release » Media » Claiming our Future
    Government did not opt into this procedure and is refusing to introduce the Financial Transactions Tax Countries like Germany France Greece and Spain are planning to announce their agreement on this tax at the May 6 th ECOFIN meeting Claiming our Future has been campaigning for the Irish government to change its position and to announce a Financial Transactions Tax It is now organising a public meeting where one of the main proponents for the tax Dr Micheál Collins Senior Researcher Nevin Economic Research Institute and one its main detractors Brendan Bruen Director Financial Services Ireland IBEC will debate the arguments for and against Ireland introducing this Financial Transactions Tax This will take place on Tuesday 29th of April from 6pm 7 30pm in Jurys Inn Hotel IFSC Custom House Quay Dublin 1 Speaking in advance of the event Niall Crowley convenor of Claiming our Future said The introduction of a Financial Transactions Tax would raise much needed revenue for the exchequer reduce harmful economic activity by short term speculators and high frequency financial traders and make resources available to invest in public services addressing climate change eliminating poverty and supporting development aid The tax proposed by the European Commission is small at 0 1 on trading in bonds and shares and at 0 01 on trading in derivatives It is extraordinary that the financial services lobby has been able to persuade the Irish Government to opt out of this tax A sector that has cost Ireland so dearly in recent years is being exempted from its responsibility to support the recovery of our society and our economy People interested in attending the debate can register in advance through www claimingourfuture ie or http fttinireland eventbrite ie ENDS Contact Nina Sachau Claiming our Future 087 3340698 nina claimingourfuture ie Note

    Original URL path: http://www.claimingourfuture.ie/media1/events/2014/04/22/press-release-claiming-our-future-hosts-debate-on/ (2015-10-30)
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  • Press Release: Symbolic Protest to be held at Troika Visit Over Ireland’s 'Debt Slavery' » Press Release » Media » Claiming our Future
    Future said The refusal of the ECB EU to cancel Ireland s illegitimate bank debt ensures that billionaire bondholders get paid but the Irish people are immiserated through the repayment of billions in debt interest annually The Irish people are paying the highest cost of the banking crisis in Europe This is causing huge pain to the Irish people destroying social and economic recovery pushing more people into poverty destroying jobs forcing emigration and fuelling mortgage distress It is enforced debt slavery for decades to come It is a disgrace that the Irish government has not pushed for and secured a bank debt write off for Ireland This debt makes a nonsense of the celebrations of the bailout exit It will trap us in austerity to pay for this debt for decades This leaves Irish people to pay the debts of private banks and bondholders Over 100 000 people marched in February this year across the country against the bank debts being socialised Claiming Our Future is a national broad based non party political civil society network It comprises individuals and organizations from a range of civil society sectors including in particular the community environmental global justice cultural and trade

    Original URL path: http://www.claimingourfuture.ie/media1/events/2013/10/29/press-release-symbolic-protest-to-be-held-at-troik/ (2015-10-30)
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  • Claiming Our Future to Hold Debate on Budget Alternatives » Press Release » Media » Claiming our Future
    budget should take Speaking in advance of the event Dr Rory Hearne spokesperson for Claiming Our Future said The impact of previous budget cuts are being severely felt by those on lower incomes the unemployed and those dependent on the health system Our event on Saturday aims to raise awareness of alternatives to the current austerity policies of government which are only serving to deepen inequality in our society The Government is currently discussing how to implement 3 1 billion of austerity in October s budget But there are alternatives to austerity Taxes on wealth could be raised Tax loopholes such as corporate taxes or pension reliefs could be closed Employment could be created We re hoping members of the public will come along on Saturday event to discuss these options and to propose new approaches Speakers at the event will include Dr Rory Hearne of Claiming Our Future as well as Dr Michael Collins of the NERI Institute and Dr Mary Murphy of NUI Maynooth Members of the public interested in attending can register in advance through www claimingourfuture ie ENDS Contact Nina Sachau Claiming our Future 087 3340698 nina claimingourfuture ie Notes to Editors Claiming Our Future is

    Original URL path: http://www.claimingourfuture.ie/media1/events/2013/07/08/claiming-our-future-to-hold-debate-on-budget-alter/ (2015-10-30)
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  • Press Release: IMF Report shows radical change in Budget plans required » Press Release » Media » Claiming our Future
    to implement another drastic austerity Budget in December needs to be reconsidered in the light of the IMF s most recent report More cuts are highly likely to drag us further into recession and make the unemployment crisis even worse Siobhan O Donoghue Claiming Our Future said The IMF report shows that austerity does not work We have outlined an alternative approach in Plan B which is based on government led stimulus investment raising taxes on higher incomes and maintaining spending on public services This alternative would provide employment and growth Other organisations and groups such as TASC NERI ICTU Social Justice Ireland and the Community Platform have also outlined progressive budget proposals that show there are alternatives Austerity is self defeating in a recession like our current one Cutting spending on welfare public services and the wages of public sector workers and raising taxes on lower and middle income households takes further money out of the economy Austerity further domestic demand and growth and puts more people out of work leading to higher spending on welfare We are in a vicious downward spiral that requires an alternative policy approach For Further information contact Rory Hearne Claiming Our Future 0861523542 Siobhan O Donoghue Claiming Our Future 0876777463 Claiming Our Future s Plan B Austerity isn t working Taking billions of Euros out of our economy each year increases emigration and unemployment as public services are cut to the bone Simply put we cannot cut our way out of recession Ireland needs a Plan B Investment programmes in areas such as high speed broadband and renewable energy will create jobs grow the economy and protect public services Private and public funds in Ireland and Europe together with a fairer tax system will raise the money needed By supporting Claiming Our Future

    Original URL path: http://www.claimingourfuture.ie/media1/events/2012/11/20/press-release-imf-report-shows-radical-change-in-b/ (2015-10-30)
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  • Press Release – Pre Budget 2013 » Press Release » Media » Claiming our Future
    wealth tax plus raising capital gains and capital acquisitions tax up to 1bn from raising income taxes such as an increase of 1 5 on the effective tax rate of the top 20 of tax cases and extending the USC of 3 to incomes in excess of 100 000 up to 557million from abolishing tax reliefs on property and up to 1 4bn from abolishing and standardising various pension reliefs We are calling on the Government therefore to focus the adjustment in the Budget on taxing wealth and higher incomes The current approach is deeply unfair as it is hardest on those on middle and lower incomes The unemployment crisis combined with reports on the extent of food poverty and those in mortgage stress and unable to meet their bills shows that too many are already suffering The current austerity programme is also destroying our health education welfare transport social care community youth and voluntary services the social and economic fabric of our nation Siobhan O Donoghue spokesperson for the Group said Our analysis of the Pre Budget proposals reveals that all the organisations are calling for a different ratio of spending cuts to revenue raising than the government is proposing The organisations call for increased emphasis on revenue raising focused on higher income earners and wealth The organisations also call for a stimulus investment in infrastructure ranging from 1bn to 3bn 1bn of investment would have the potential to create 10 000 jobs The reality is that the Government can decide on what balance of expenditure cuts and tax it implements along with what areas this takes place in Furthermore the Troika is primarily concerned with the deficit reduction and not the specific policy choices that achieve that They are up to the discretion of the Government Austerity is

    Original URL path: http://www.claimingourfuture.ie/media1/events/2012/11/15/press-release-pre-budget-2013/ (2015-10-30)
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  • Plan B Press Release September 26th 2012 » Press Release » Media » Claiming our Future
    economic growth and protect public services and the most vulnerable while achieving our deficit reduction targets Plan B is based on a combination of 1 A state investment stimulus to create public and private sector economic activity growth and employment this would reduce the deficit by providing additional tax revenue and reducing welfare spending 2 Raising revenue from making the taxation system more effective and fair including taxing wealth 3 Maintain essential public spending on public services the vulnerable and their communities This will support domestic demand central to getting us out of the recession by protecting low and middle income earners and communities Social investment will save social costs and create a more sustainable future Mr Hearne stated this government has real choices One of the biggest choices they have is the balance of expenditure cuts and tax it implements We recognise that they are committed to meeting the deficit reduction targets set by the Troika However the way this is achieved is crucial Placing the burden on those who have the least should not be an option for them An example of an alternative policy choice is the introduction of a wealth tax Michael Noonan stated in the Dail in June 2011 that a 1 5 tax on households with net financial assets above 2 3 million and having incomes above 100 000 per annum would raise between 400 t0 500 million per annum The fact is that in 2011 the top 10 000 earners earned 5 959 billion between them however they had an effective tax rate of only 29 Other organisations and groups such as TASC NERI ICTU Social Justice Ireland and the Community Platform will also be coming out with progressive budget proposals that show there are alternatives Austerity is self defeating in a recession

    Original URL path: http://www.claimingourfuture.ie/media1/events/2012/09/26/plan-b-press-release-september-26th-2012/ (2015-10-30)
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  • Press Release: Government Stimulus Plan Hopefully Marks Start of Change of Direction Away From Austerity » Press Release » Media » Claiming our Future
    services and infrastructure and placing the burden of taxes on higher incomes and wealth Rory Hearne spokesperson for Claiming Our Future said We have argued in our Plan B campaign for these policies although we outline that it should be at least a 3bn stimulus on an annual basis and that it needs to be accompanied by a fiscal strategy that does not cut further current and capital spending in the coming budget It is welcome that the Government appears to be taking on board the economic argument that without stimulus the economy and society will continue to decline but a limited stimulus programme like this on its own will not give the sufficient boost to lower and middle income families that is required for economic and social recovery Siobhan O Donoghue spokesperson for Claiming Our Future said There are also some very important questions that must be answered by the Government Firstly what is the timeframe for the investment of this stimulus Is it just a once off It appears that it is dependent on the sale of state assets that haven t taken place yet There are real questions that remain to be answered about the wisdom of sales of state assets in terms of the loss of strategic assets and the fact that selling them at the bottom of the market does not make economic sense There is also a very real danger that whatever positive stimulus is provided in this progamme will be undone by the Budget plans to cut capital investment in the coming budget It is also important there is an equality dimension to this investment Projects such as the regeneration of socially excluded social housing areas in Cities such as Limerick Dublin Waterford should be included and prioritised We are hopeful that this

    Original URL path: http://www.claimingourfuture.ie/media1/events/2012/09/11/press-release-government-stimulus-plan-hopefully-m/ (2015-10-30)
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