Will Ireland's corporation tax survive?

[Mossy_Heneberry]

When a Government sells it’s soul to you then you can make anything legal irrespective of how morally despicable it may be.

The government will never sell its soul to you, what they want is you to sell your soul to them.

[songster]

When a Government sells it’s soul to you then you can make anything legal irrespective of how morally despicable it may be.

The government will never sell its soul to you, what they want is you to sell your soul to them.

I’ll translate,
Govt. = The people
Therefore People through their Govt. had sold their souls to Google
Therefore Google have used that to make their accounting shenanigans legal (if not moral)
Therefore we the people have allowed our Govt. to be bamboozled by large multi nationals because we have idiots in charge. The reason for this is probably to do with our own laziness, stupidity, lack of patriotism,short termism… etc etc.

[Mantissa]

A campaign to convince multi-national companies operating in Australia to pay their fair share of tax.

Last night’s winning Pitch from Banjo Advertising.

facebook.com/gruenhq/videos … 476897588/

[Luan]

If Ireland didn’t have low corporate tax, you can be sure the multi nationals wouldn’t be bothered setting up here.
You should look at what your tax money is being spent on and direct your anger that direction - government.

My tax money appears to be spent well here unlike in Ireland. At the moment on my daily drive to and from work I see water mains being upgraded, road verges being maintained, fallen leaves collected, asylum seekers being protected here safe from oppression in their own land, the police policing both the streets and rivers, the local light rail links being upgraded and motorways being upgraded and that is just on my daily drive.
If the Multi-nationals weren’t stealing this money away from the Country where I live I’d trust the people’s government to push through other socially beneficial initiatives like for example free healthcare for all.

In Ireland they have, do and will divy it up amongst the gombeens, politically connected and the rent-seekers.

Many of the commentaries I read on the German economy refer to a massive underspend on infrastructure (i.e. Thing are starting to crumble) which is starting to impact their long term competitive position.

Let’s not talk about the problems in their Pension/banking industry. There is a reason why German is desperate for asylum seekers.

[dipole]

Germany is not desperate for asylum seekers. They can attract millions of skilled young Europeans.

[mr_anderson]

Let’s not talk about the problems in their Pension/banking industry. There is a reason why German is desperate for asylum seekers.

And you think a whole chunk of illiterate African and Middle eastern asylum seekers will solve that problem ?

Germany needs educated, skilled immigrants.
What are they getting ?

Over 80% of asylum seekers in Germany unqualified

The Federal Employment Agency has stated that 81 percent of asylum seekers are “without formal qualifications,” the Junge Freiheit daily reported, citing a nine-page report entitled “Refugees in Germany: Take responsibility, identify opportunities.”

The agency has reportedly calculated that due to the looming asylum crisis there will be at least 400,000 additional welfare recipients in the coming year.

And now throw Islam into the mix.

It’s blindingly obvious how this is going to end up and resolving Germany’s pension and banking crisis is not it.

[Col_Max_Pyatnitski]

Many of the commentaries I read on the German economy refer to a massive underspend on infrastructure (i.e. Thing are starting to crumble) which is starting to impact their long term competitive position.

Links? I really haven’t seen that myself.

Let’s not talk about the problems in their Pension/banking industry. There is a reason why German is desperate for asylum seekers.

See mr_anderson’s post. I think this is a rather inaccurate reading of the situation.

[Renting_And_Proud]

Ireland: Apple’s foreign tax rate rises to 6% from 2% in 2012

[mocame]

How are multinationals stealing money from your country?

This isn’t the first time you contributed to this tread so you know damn well how they are doing it but here is a refresher
theguardian.com/business/ire … ns-bermuda

So Google operates within the law and you call that stealing?

BTW, The Guardian are also guilty of the same ‘sin’ as they accuse Google of.

Do you work in a multinational by any chance?

[TheJackal]

Irish Kellogg unit pays zero tax from €1.3bn of European sales

irishtimes.com/business/agri … -1.2417416

Breakfast cereal company Kellogg last year routed €1.3 billion of sales from the UK and other parts of Europe through an Irish unit.

However, Dublin-registered Kellogg Europe Trading (KET), which is owned by a Luxembourg entity, paid no corporation tax here because its profits were wiped out by loans to another group company.

[TheJackal]

A question on Google

economic-incentives.blogspot.ie/ … oogle.html

The issue with Google is not the €12.5 billion license fee that is paid out of Ireland. The issue is where it goes. The technology was developed in the US and the key decision makers for the technology are in the US yet the payment ends up in Bermuda. The issue is that the payment ends up somewhere where the company has no substance. That is what needs to be addressed.

[dipole]

independent.ie/business/worl … 79278.html

[Mantissa]

BTW, Amazon opened a London region for AWS last week. Not sure if server location plays a part in corp tax residency but it’s one less reason for companies to run infrastructure from Ireland.

[Mantissa]

Enda Kenny at Davos “rejected the idea that Ireland was a tax haven for Apple.”

Love the pic the Irish Times used:

[EuroTom]

Hope HMRC go after FakeBook next …

theguardian.com/global/2015/ … ff-bonuses

[mr_happy]

Hope HMRC go after FakeBook next …

Interesting article you linked that comment to.

UK tax law allows companies to deduct the cost of “share bonus schemes” in calculating their taxable profits. Many other countries, including Ireland, do not. (I know Ireland allows intercompany recharges but these then give rise to taxable profits elsewhere), so this is as much about tax policy as anything.

Also, the UK tax deduction is only available when the employee pays tax on the share bonus scheme so focussing on the company is only looking at a half the picture.

[dipole]

rte.ie/news/2016/0123/762384-google-tax/
Does 130m stg not seem like petty cash for a company as large as google who are happy to pay 1bn to get their search engine as default search engine on apple.

[EuroTom]

Hope HMRC go after FakeBook next …

Interesting article you linked that comment to.

UK tax law allows companies to deduct the cost of “share bonus schemes” in calculating their taxable profits. Many other countries, including Ireland, do not. (I know Ireland allows intercompany recharges but these then give rise to taxable profits elsewhere), so this is as much about tax policy as anything.

Also, the UK tax deduction is only available when the employee pays tax on the share bonus scheme so focussing on the company is only looking at a half the picture.

Yeah it was a throw away comment …I can’t stand fakebook…I wish them every corp pain imaginable. …a little dork writes some code to essentially handle pictures and text …ffs! …This is the ed sheeran and edel of the computing world…popular? … yes …interesting? …no.

Anyway…You sound knowledgeable the corp tax area

What’s your thoughts on the recent google news or the pending apple news, specifically impact to Ireland?

[EuroTom]

fakebook expanding its fakeness

independent.ie/business/tech … 92817.html

“about 2bn photographs a day, or about 25,000 photos every single second”

ah …and to think not long ago it was a social faux pas to share your holiday snaps.

[dipole]

fakebook expanding its fakeness

independent.ie/business/tech … 92817.html

“about 2bn photographs a day, or about 25,000 photos every single second”

ah …and to think not long ago it was a social faux pas to share your holiday snaps.

Some day building datacentres in Ireland might be seen as crazy as building golf courses in the desert.
The only input they need is power and the only native power Ireland has is Peat which will be exhausted soon, very limited hydro and intermittent wind.
The new source of Gas off the west coast can be better used elsewhere.
Norway with its immense hydro resources would be better placed to take this business if it weren’t for their socialsit taxing model.
Don’t fibre networks run at the speed of light; in which case Norway isn’t so far away.
If Ireland had a nuclear industry where you effectively get the electricity for free once costs are sunk then Ireland might make sense but would you build a nuclear plant to win this business? No thanks, do without.