Fionnan Sheahan: Lure of lucre alive and well in politics despite donation limits
Published 16/02/2012 | 05:00
Why stop there? It's the question that arises upon reading the Government's crackdown on corporate donations. The new legislation going through the Houses of the Oireachtas is laudable and goes a long way toward cutting the ties between business and politics, which have cost the country so much.
The limits on political donations that may be accepted is going down from €6,350 to €2,500 for a political party and from €2,540 to €1,000 for individual politicians.
The threshold at which donations have to be publicly declared is also being reduced from €5,080 to €1,500 for a political party and from €635 to €600 for an individual politician. Although not banning corporate donations outright, any sums over €200 from companies or bodies will meet with extremely difficult restrictions.