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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 11:20 am 
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I understand a quasi fact, but what's an "RT"?

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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 11:24 am 
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[utube][/utube]
yoganmahew wrote:
I understand a quasi fact, but what's an "RT"?


RT Retweet I presume...I cant post a pic or have forgotten how to but I'm seeing a meme with Observer name and Darth Vaders image saying " I am your father " :lol:


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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 11:25 am 
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yoganmahew wrote:
I understand a quasi fact, but what's an "RT"?

Even as a non-Twitteratus, I'm gonna guess "ReTweet"? Unless it's an allusion to Russia Today, that renowned source of quasi facts.

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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 11:38 am 
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Brian going full twitterati this morning, rightly bemoaning the make up of the panel then this ..Can post the Matheson pic of the brochure..this link might work https://twitter.com/brianmlucey

brian lucey ‏@brianmlucey 3m3 minutes ago

brian lucey Retweeted Oireachtas Retort

If this lady is from Matheson maybe #marian would ask her about this?


Dublin's Matheson advertise a 2.5% corporation tax rate in brochure for Chinese companies last year


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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 11:42 am 
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ps200306 wrote:
Unless it's an allusion to Russia Today, that renowned source of quasi facts.

That's what I thought :D

Thank you both!

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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 11:43 am 
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ps200306 wrote:
jmc wrote:
Here is an interesting list of current high tech players in Ireland..

http://www.top1000.ie/industries/technology

The really interesting number is revenue per employee.

You have to go down to number 12 before you find Intel, who actual do something substantive in Ireland. Their revenue per employee is around $500K... which is not bad. Any company whose Irish operation has a revenue per employee much above that is a tax scam operation. Which is almost all of them.

Even back in the early 90s when I used to know some folk at Apple Ireland, they used to cite $1m revenue per employee.


They actually averaged around $600K/$700K back then. Around $300K on selling computers. A typical software company made about $300k/400K. Although a lot only got $200K.. Numbers have not changed that much since then, accounting for inflation. Consumer electronics is a low net margins business.


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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 11:44 am 
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Ouch :lol:

14m: @brianmlucey Have they your number Brian I hear your man Observer on ThePropertyPin is free on Sundays

bijlmer arena


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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 12:07 pm 
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http://www.independent.ie/opinion/columnists/colm-mccarthy/us-treasury-is-owed-the-tax-that-apple-has-avoided-35019476.html

Colm Mc seems to confirm the connection of the 26% GDP jump to Apple in the above (as raised here during the week). He also pulls off the stroke of using Quantum Mechanics to elucidate the whole thing which is a bit of a Tour de Force.


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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 12:13 pm 
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So how do we square this with th statement by the Revenue Commissioners that:

Quote:
about half of the increase in corporation tax receipts is from a small number of large multinationals and is attributable to a variety of reasons including improved trading conditions, positive currency fluctuations, some timing factors and a number of one-off payments.


It seems that this is, at best, misleading at at worst false. If the Dail is being mislead by Revenue, there's a bigger problem re tax policy.

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 Post subject: Re: Apple, Ireland, EU, Tax Avoidance, Margrethe Vestager, C
PostPosted: Sun Sep 04, 2016 12:39 pm 
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ps200306 wrote:
jmc wrote:
Here is an interesting list of current high tech players in Ireland..

http://www.top1000.ie/industries/technology

The really interesting number is revenue per employee.

You have to go down to number 12 before you find Intel, who actual do something substantive in Ireland. Their revenue per employee is around $500K... which is not bad. Any company whose Irish operation has a revenue per employee much above that is a tax scam operation. Which is almost all of them.

Even back in the early 90s when I used to know some folk at Apple Ireland, they used to cite $1m revenue per employee.



Bah, that's nothing. :D
Ardagh Glass Sales
31st Dec 14 Source: CRO

€459.5 million turnover
€27.9 million profit
2 employees

With numbers like that, one has to wonder just how much useful analysis of these bare data is possible.

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Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
Book I, Chapter X, Part II,


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