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Ireland and corporate tax avoidance

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Comments

  • #252
    TheVman
    Registered Users Posts: 359 ✭✭TheVman


    Cant stay away from corpo tax subject :)
    Any one know if they spoke about it yet or if it will be on the G8 agenda ?

    Otherwise after reading the last few pages:
    Still cant believe how blinded two or three boarders are by patriotism and the love of big charitable companies.

    The message (just a general consensus) from two or three on this thread : Europe, thanks for the bailout and, i quote, "two fingers" to ye for the resht.

    As for that bar chart on effective CP tax ratesa few pages back :
    Was that bar chart for a secondary school economics project, did you get a good grade for it ?
    Basically means nothing "effective rates", you can not interpret to anything this type of graph or analysis.
    What algos, logic, methodology, formulas were used.. ? Was it based on earnings in the countries or moneys made out of the country, assumptions....

    The whole point is that Eire is and has been money laundering for MNC's on money earned outside Eire and taking advantage of dodgy transfer pricing rules and the virtual inexistance of irish fiscal control measures.
    Looking at it objectively, the issue is the fact that the 12.5% CP rate is (and has been) the cornerstone of irish industrial and high tech policies for nearly twenty years. Rather than concentrating on real industrial policy, creating intrinsic value in irish companies, promoting research and development, installing centres for competence... Irish guberments have been relying on this for their mickey mouse jobs announcements over the last years. It, i.e the guberment, has no other cards to play.
    Now that the eu legislation on tax transparency is going to be passed it could be looking like an even "gloomier" future :
    --Financial Times : http://www.ft.com/intl/cms/s/0/3ab900ac-c3c1-11e2-8c30-00144feab7de.html
    -- Reuters : http://www.reuters.com/article/2013/05/26/ireland-tax-reform-idUSL5N0E70AB20130526


    The original questions : "Ireland and corporate tax avoidance : Does anyone see problems ahead for Ireland ?"
    YES - as Apples financial controller himself said, their strategy "IS THE WORST KEPT SECRET IN EUROPE"

    and today lots of specialists are poking their noses into whats going on in good old EIRE and whats being routed through EIRE. And who wants to get their noses dirty ? Or put another way who wants a buggy router on their network ?


    So its now turning into a bit of a shindig about individual salaries and PRSI... Wow.


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