What will we spend the Apple money on?

Shurimgreat

It looks like things are moving on this.

https://www.rte.ie/news/business/2018/0222/942768-apple-tax/

And yes I know other countries will get their cut and if we are lucky we will get half the money.

What should we spend it on?

Metro North?
2 grand for every man, woman and child?
Buy up some distressed loans?
Pay off some of the national debt?
Buy an island?

What would give the most benefit to the most amount of people?

uch

Free happy Pills for everybody, might calm down the snowflakes

mikemac2

Monorail!

kenmc

The state has spent 2.5m setting up the escrow account.

What. The. Actual. Fück?

cnocbui

The only thing that money should be spent on is paying off National debt, which currently stands at €207 billion, or €43,431 hanging over the heads of every man woman and child in the country.

Skylinehead

kenmc wrote: »

The state has spent 2.5m setting up the escrow account.

What. The. Actual. Fück?

You can't just chuck 13 billion quid into a current account...

VinLieger

Shurimgreat wrote: »

What would give the most benefit to the most amount of people?

Winning the appeal, keep all the apple jobs and not have 6000 hitting the dole queue not to mention the knock ons from other jobs that are indirectly employed thanks to them.

eeguy

kenmc wrote: »

The state has spent 2.5m setting up the escrow account.

What. The. Actual. Fück?

Probably a % of the total. Someones getting a fantastic bonus this year

cnocbui

Skylinehead wrote: »

You can't just chuck 13 billion quid into a current account...

I bet a Swiss bank could, without even blinking or raising an eyebrow.

VinLieger

Skylinehead wrote: »

You can't just chuck 13 billion quid into a current account...

Shhhhh logic is not allowed in any discussion's on this topic

Sleepy

Skylinehead wrote: »

You can't just chuck 13 billion quid into a current account...

No, you ask the various banks which of them will pay you the highest interest on the short-term liquidity you're providing them with.

Shocking carry on.

derekc1010

A new m50 a lot further out

RoboRat

Buy lots of new free housing stock to give everyone who needs a 'forever home.' Hell, if they want a 6 bedroom mansion in the style of JR Ewings homestead complete with 50 acres in the centre of Dublin, give it to them - the Phoenix park is there... might even get a few detached homes in Stephen's green - we have the budget to bring in Santiago Calatrava to really make them forever homes.... Sure, they have earned it.

The rest of us, keep the heads down and keep working like good patsy's :-)

I'm sure they will find something useless to blow the cash on...

Skylinehead

cnocbui wrote: »

I bet a Swiss bank could, without even blinking or raising an eyebrow.

You're vastly underestimating how much money that is.

Ajsoprano

It’ll be spent in a way that benefits very few people.

Probably given back to apple in some way or in setting up a new quango.

I would like it spent on an underground rail system in Dublin and then planning changed to allow high rise throughout the city creating crazy amounts of jobs and good wages for the working man.

This won’t happen though with Fine Gael in charge.

RoboRat

Skylinehead wrote: »

You're vastly underestimating how much money that is.

13,000,000,000 euro coins
or 26,000,000,000 50 cent coins
or 65,000,000,000 20 cent coins
or 130,000,000,000 10 cent coins
or 1,300,000,000,000 1 cent coins

RoboRat

I would like it spent on an underground rail system in Dublin and then planning changed to allow high rise throughout the city creating crazy amounts of jobs and good wages for the working man.

At a cost of €13,000,000,001 even....

Jim Bob Scratcher

Bottle of Jameson for everyone in the country

RoboRat

Digital voting machines... I'm sure we can get it right this time around. Spend the change on a big clock in the liffey and a few large overpriced monuments in the likes of Tullamore, Portlaoise, Tubbercurry...

I hear the O'Donnells may be looking to upsize again.

CerebralCortex

cnocbui wrote: »

The only thing that money should be spent on is paying off National debt, which currently stands at €207 billion, or €43,431 hanging over the heads of every man woman and child in the country.

Oh you're so austere.

lorcand1990

A half decent premier league footballer will probably be worth 13 billion in a years time.. we should invest in one now!

cnocbui

Skylinehead wrote: »

You're vastly underestimating how much money that is.

No, you are vastly underestimating the scale of Swiss banking. That amount represents a piddling 0.23% of the assets held by Swiss banks in 2015

HONKEY TONK

Most of it will go missing to Consultants.

Pay €50m to a consultant on building a €100k roundabout.

Cheerful Spring

VinLieger wrote: »

Winning the appeal, keep all the apple jobs and not have 6000 hitting the dole queue not to mention the knock ons from other jobs that are indirectly employed thanks to them.

The funnelling money to a blocked bank account. Ireland will not touch it till the hearing at the ECJ

There is debate would we be better off with 13 billion. Apple profits are funnelled outside the country. The only benefit Apple has for us in employment. I guess the fear is American multinationals would be afraid Europe come after them too for non-payment of tax if we are seen to agree with Europe?

Grayson

bring the DART to Dingle?

barrier86

Skylinehead wrote: »

You can't just chuck 13 billion quid into a current account...

no one ever told Bernie Madoff that.

cnocbui

CerebralCortex wrote: »

Oh you're so austere.

It's worked for me.

seamus

kenmc wrote: »

The state has spent 2.5m setting up the escrow account.

What. The. Actual. Fück?

Solicitors. That's the game to be in.

astrofool

The money will be repatriated to America with taxes paid before the EU gets a chance to get it, this is a battle between the US and the EU on the profits of american internet multinationals, Ireland just happens to be in the middle of this one.

cnocbui

astrofool wrote: »

The money will be repatriated to America with taxes paid before the EU gets a chance to get it, this is a battle between the US and the EU on the profits of american internet multinationals, Ireland just happens to be in the middle of this one.

No.

VinLieger

Cheerful Spring wrote: »

The funnelling money to a blocked bank account. Ireland will not touch it till the hearing at the ECJ

There is debate would we be better off with 13 billion. Apple profits are funnelled outside the country. The only benefit Apple has for us in employment. I guess the fear is American multinationals would be afraid Europe come after them too for non-payment of tax if we are seen to agree with Europe?

Exactly so do we want a short term band aid 13 bil or long term expansion and increased employment which will bring in far more money and jobs?

Also we all know its going to be nowhere near 13 bil for us

seamus

Skylinehead wrote: »

You're vastly underestimating how much money that is.

I know, you'd need, like a whole 8 bytes to store a number that big in the computer.

Ipso

cnocbui wrote: »

The only thing that money should be spent on is paying off National debt, which currently stands at €207 billion, or €43,431 hanging over the heads of every man woman and child in the country.

What debt? You mean the country was almost bankrupt at one point!

Cheerful Spring

VinLieger wrote: »

Exactly so do we want a short term band aid 13 bil or long term expansion and increased employment which will bring in far more money and jobs?

Also we all know its going to be nowhere near 13 bil for us

I don't know what Apple Irish wage bill is every year? 10 million or 20 million less than that, how much exactly are we losing if we decided to take the money? 13 billion is a lot of money to ignore.


If we actually see that kind of money. I would be investing it in developing local businesses that will hire people who are on the dole queue. Private industry is never going to solve the unemployment crisis in this country. Publically owned businesses need to be developed. We are too reliant on foreign investment. Borrowing is crippling this country we need more people working the better the country can sustain itself. 13 billion invested in local industry and businesses would in no time fix unemployment. There 7 billion potential customers in the world surely we can develop products other nations need?

I would also use 1 billion to improve the Internet network in this country to improve trade and social activities.

seamus

seamus wrote: »

Solicitors. That's the game to be in.

A shot of court on RTE yesterday with that BS "What rights do unborn children have?" case really struck me. Load of judges, barristers and solicitors turning up and getting paid thousands upon thousands over a bit of poor wording that just about everyone knows what the intention of which was. It's not like it's a 200 year old amendment, it's from a few bloody years ago. But hey, they gots to get paid.

AVFC.Stephen

Take the USC away from the countries workers and give us back a little more stability considering a household can't run on a standard single workers wage. People even saving for a deposit are at a loss if they don't have inheritance

Shurimgreat

I would either put the lot into Bitcoin or go to Vegas and stick the lot on red in a roulette game.

housetypeb

Trolleys would be my answer.
More trolleys for the hallways of the hospitals,that way we can get more sick people onto them.
Trolleys for landlords, for their hallways so they can get more people in.
If it's good enough for the infirm it should be good enough for the healthy young renters, can't see the gubberment arguing against it.
That way we'll solve the hospital waiting lists, the homeless crisis and the rental crisis all at once.
We can spend the rest on a good piss up to celebrate,and take Monday off.

BBDBB

buy scratch cards!

Hector Bellend

Twixes and fanny

donegaLroad

cnocbui wrote: »

The only thing that money should be spent on is paying off National debt, which currently stands at €207 billion, or €43,431 hanging over the heads of every man woman and child in the country.

this is what is likely will happen.. sorry if its been said already but Im not trawling through 3 pages of posts.

pcuser

mikemac2 wrote: »

Monorail!

Lisa needs braces.

MadYaker

This thread has been done multiple times and the government already gave us an answer. I'm pretty sure the answer was nothing. A rainy day fund of sorts perhaps. Or maybe in 20 years when the state pension fund runs out we'll use it for that. Health can't be fixed by throwing more cash at it I don't think.

Demonique

Bringing Disability Allowance back in line with the non-contributory pension

Are Am Eye

Apples.

Doltanian

Use the money to give as many useless good for nothing public sector workers fired and retired. Get 150,000 dead weight employees off the public sector paybill and outlaw trade unions.

K.Flyer

I was going to suggest spending it on badly needed Health Service / Garda / Homeless resources, but by the time they have paid the consultants and discussion groups on what best way to spend the money and set up their nepotistic quangos there will hardly be enough left to buy a round of drinks and a packet of crisps.

cup of tea

Electronic voting machines

Are Am Eye

All footpaths in Dublin to be moving walkways(travelator) like you have in airports.

questionmark?

Cheerful Spring wrote: »

I don't know what Apple Irish wage bill is every year? 10 million or 20 million less than that, how much exactly are we losing if we decided to take the money? 13 billion is a lot of money to ignore.
.

Apple employ circa 5500 people in Ireland. The average industrial wage in Ireland is €35600 so that's €195,800,000 if it applied to Apple. Now some people earn less but also some people earn much more but in general Apple are decent payers. Add into that that PRSI let's say another €19Million based on average figures plus the millions of rates paid for their numerous buildings plus the money spent on local suppliers. Those wages then supports shed loads of other jobs. Apple are worth a lot to this country.

As for spending the money? Pay off a chunk of debt and spend the rest of infrastructure.

Princess Consuela Bananahammock

Shurimgreat wrote: »

It looks like things are moving on this.

https://www.rte.ie/news/business/2018/0222/942768-apple-tax/

And yes I know other countries will get their cut and if we are lucky we will get half the money.

What should we spend it on?

Metro North?
2 grand for every man, woman and child?
Buy up some distressed loans?
Pay off some of the national debt?
Buy an island?

What would give the most benefit to the most amount of people?

Tax break for the wealthy. They need it more than we do.