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Posts from "Tom Healy"

Tom Healy

Tom Healy is Director of the Nevin Economic Research Institute (NERI). Tom has previously worked in the Economic and Social Research Institute, the Northern Ireland Economic Research Centre, the Organisation for Economic Cooperation and Development, the National Economic and Social Forum and the Department of Education and Skills.

He holds a PhD (economics and sociology) from UCD. His research interests have included the impact of education and social capital on well-being, social vision and economic strategy for the island of Ireland, Education, Housing and Health.

A Tale of Two Cities

Posted on October 28, 2016 by Tom Healy

Tom Healy, Director NERI
“It was the best of times, it was the worst of times” – the opening line of Charles Dicken’s The Tale of Two Cities is a familiar one. It could be applied to the fall-out from the ‘Brexit’ vote in the UK on 23 rd June. If UK policy makers, analysts and the general public were not exactly prepared and informed for what would happen, what of Irish policy makers, analysts and the general …

Getting ready for Brexit

Posted on October 21, 2016 by Tom Healy

Tom Healy, Director NERI
The prospect of the United Kingdom leaving the European Union presents a once-in-a-generation challenge for the Northern Ireland Executive, the Irish Government and citizens across this island.  A recent paper by economists at the Department of Finance [UK EU Exit – An Exposure Analysis of Sectors of the Irish Economy] summarises the situation facing producers south of the border in a very …

Budget 2017 - the good, the bad and the ugly

Posted on October 16, 2016 by Tom Healy

Tom Healy, Director NERI
The draft budget for 2017 for the Republic of Ireland will now be submitted to the European Commission for approval. In the meantime, the real work in relation to the implementation of Budget 2017 proposals will involve various deliberations and discussions leading to the Finance Bill in a number of weeks as well as various initiatives and announcements on foot of the proposals in ‘Budget …

The 'squeezed middle' ?

Posted on October 06, 2016 by Tom Healy

Tom Healy, Director NERI
The squeezed middle is one of those terms that has entered popular discourse in Ireland as well as abroad. Political and media pundits refer, at ease, to the ‘squeezed middle’ who are said to have borne the brunt of the recent recession or fiscal austerity and have lost out compared to those on lower incomes or those on very high incomes.  The problem is twofold: (i) nearly everyone in the …

Tax heresies and half-baked truths

Posted on October 01, 2016 by Tom Healy

Tom Healy, Director NERI
Every heresy begins with a half-baked truth.  Recent weeks have seen claims that the overall level of personal taxation in the Republic of Ireland is too high and that particular groups have been unduly burdened especially since the onset of fiscal austerity in 2009.  Certainly, taxes were increased over the period from 2009 to 2013.  However, many commentators do not point out that very …

What sort of future for Europe?

Posted on September 22, 2016 by Tom Healy

Tom Healy, Director NERI
Terms like ‘staying in Europe’, ‘pulling out of Europe’, ‘the European project’ and similar expressions are dispensed liberally in popular discourse. The last time I checked a map, Europe comprised a lot of people form Achill in the west of Ireland to Kharyaginskiy in Russia where it is already Monday evening. The fact is that Europe is all 745 million living in this continent with …

The Summer of Big Numbers

Posted on September 15, 2016 by Tom Healy

Tom Healy, Director NERI
And what a summer it has been. It was the summer of the ‘big numbers’. There was €13 billion in claimed back tax from Apple. There was an undisclosed large sum of money possibly running into billions in relation to vulture fund tax avoidance planning (referred to as ‘Section 110’ tax).  The ultimate big number was €40 billion in GDP that we didn’t realise we had in 2015 but now …

Posted in: Taxation

Cheapness is not competitiveness

Posted on July 01, 2016 by Tom Healy

Tom Healy, Director NERI
With the economic and political fallout from Brexit taking its toll voices have been raised – not surprisingly – to argue against wage increases in the Republic of Ireland. The recent National Economic Dialogue in Dublin was an occasion for such an argument with its proponents claiming to cite data on wage costs. Unfortunately, time did not permit a more careful consideration of the facts. …

More myth busting

Posted on June 24, 2016 by Tom Healy

Tom Healy, Director NERI
Notwithstanding the highly significant events of recent days and the fall out from the recent UK referendum on EU membership this week’s Monday Blog is focussed on personal taxation trends over time in the Republic of Ireland. (Attention will be given to the implications of UK exit from the EU in the forthcoming NERI Quarterly Economic Observer. Users of the NERI blog site may also refer to a …

That time of year again

Posted on June 17, 2016 by Tom Healy

Tom Healy, Director NERI
It is that time of year again. Like in the neighbouring island we drive on the left hand side of the road (as a general rule) and have an Annual Big Day (known as Budget Day) when the Minister for Finance announces the budget for the coming year. There is a lead in of many months of discussion in which various groups make ‘submissions’ on what should be prioritised by way of spending or …

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