US multinationals call for changes to Irish tax system

[Blue_Horseshoe]

Changes to Ireland’s tax system ranging from personal tax to patent royalties and R&D tax credits need to be made urgently to ensure a steady flow of multinationals to the country, the American Chamber of Commerce in Ireland said in its pre-Budget submission.
“While Irish personal tax rates are comparable with most other developed countries, our infrastructural deficit combined with the high cost of housing does act as a deterrent,” Jim O’Hara, the head of the American Chamber and general manager of Intel in Ireland. “As a result key workers tend to favour other jurisdictions such as Switzerland or the UK.

siliconrepublic.com/news/new … single9687

Blue Horseshoe

[tulip]

@Blue Horseshoe

Changes to Ireland’s tax system ranging from personal tax to patent royalties and R&D tax credits need to be made urgently to ensure a steady flow of multinationals to the country, the American Chamber of Commerce in Ireland said in its pre-Budget submission.
“While Irish personal tax rates are comparable with most other developed countries, our infrastructural deficit combined with the high cost of housing does act as a deterrent

,” Jim O’Hara, the head of the American Chamber and general manager of Intel in Ireland. “As a result key workers tend to favour other jurisdictions such as Switzerland or the UK.

siliconrepublic.com/news/new … single9687

Blue Horseshoe

He hit the nail on the head there. Cowen won’t listen to doom-mongers on the PIN but he has to listen to the multinationals.

[CelloPoint]

@tulip

@Blue Horseshoe

Changes to Ireland’s tax system ranging from personal tax to patent royalties and R&D tax credits need to be made urgently to ensure a steady flow of multinationals to the country, the American Chamber of Commerce in Ireland said in its pre-Budget submission.
“While Irish personal tax rates are comparable with most other developed countries, our infrastructural deficit combined with the high cost of housing does act as a deterrent

,” Jim O’Hara, the head of the American Chamber and general manager of Intel in Ireland. “As a result key workers tend to favour other jurisdictions such as Switzerland or the UK.

siliconrepublic.com/news/new … single9687

Blue Horseshoe

He hit the nail on the head there. Cowen won’t listen to doom-mongers on the PIN but he has to listen to the multinationals.

I wouldn’t read into that press release too much. As well as looking out for their own companies’ interests, they’re also laying the groundwork for doomsday. Basically you should read “the American Chamber of Commerce are the responsible ones. Had you listened to us and not [insert blame group of choice], you never would have had your economic woes”. It would be important for organisations such as the ACC to prevent the Irish-American political lobby group from getting disgruntled.

[daltonr]

As a result key workers tend to favour other jurisdictions such as Switzerland or the UK.

You’re telling me. I showed the prices of houses on Daft and Myhome.ie to some Americans when I was over there.

Property websites shouldn’t cause so much laughter that CPR might be required.

-Rd