Wednesday 7 December 2016

Fionnan Sheahan: Lure of lucre alive and well in politics despite donation limits

Published 16/02/2012 | 05:00

Fianna Fail is still trying to live down the days of the infamous Galway Races tent when Bertie Ahern was its leader
Fianna Fail is still trying to live down the days of the infamous Galway Races tent when Bertie Ahern was its leader

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.

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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.

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