And Then Ireland Stood Up To The EU Bully’s

[GeorgeC1]

Ireland granted Apple a 1% corporation tax rate, resulting in Apple allocating virtually all their EU profits to their Ireland subsidiary. similar deals often take place in Luxemburg and other small EU nations. One wheeze is to allocate significant costs to your intellectual property rights (brand name) You register the brand name in the country with the low tax rate and then charge back the operating company for use of the brand, e.g. if a starbucks coffee is £3 the UK branch pays the sister company in the low tax Country 30p for use of the brand reducing the UK tax bill to virtually zero.
It is good for the national coffers in Ireland etc, 1% of verything across the whole of the EU rather than 20% or so of the company profits in just your small nation.
It works for the small nations, but not for the likes of Germany, France, Italy etc who are somewhat agrieved by the loss of income. The original judgement was that Apple owed Ireland $13bn which at face value looked a good deal for Ireland, the consequences however would have been that the major tech companies that had set up Ireland HQ's to channel their profits through would have all then had to pay far more tax the result of which would have been pulling out of ireland as they might as well then pay the tax elsewhere in the EU where it would be more convenient to locate.
It will be interesting to see what happens here in the UK, as we separate from the EU it would seem inevitable that our Govt will look very carefully at the likes of Apple allocating 5% of their profit in the Country the goods are sold and the remaining 95% to their Eurpoean HQ

Germany etc will be pushing very hard for an appeal over this

That's why I'm of the belief that if your company operates in a country you should pay taxes on the income there, the onus shouldn't just be on the employees to pay taxes but the employers too.

 

[turbo]

I see the standing up to the eu didn’t last long! The poor Irish people are just starting to realize how much it costs to be a member of the eu,€15.7 billion for the next few years and the 2nd highest per head of population only Luxembourg is paying more

 

[ollie989898]

I see the standing up to the eu didn’t last long! The poor Irish people are just starting to realize how much it costs to be a member of the eu,€15.7 billion for the next few years and the 2nd highest per head of population only Luxembourg is paying more

That is remarkably sad if true.

 

[Ashtree]

I see the standing up to the eu didn’t last long! The poor Irish people are just starting to realize how much it costs to be a member of the eu,€15.7 billion for the next few years and the 2nd highest per head of population only Luxembourg is paying more

Oh dear. We consider the expenditure in farming terms, as investment in lime to get whole farm ph right. You get better performance all round. Output goes up, revenue and income increase.
A healthy EU economy = healthy Irish economy.
Collectively we are investing to ensure that outcome.

Psssst ...... Moneygrowsontrees Sunak, last seen heading over the horizon with yet another sack of money, for some other Boris glory hole project or other. The bills should start dropping in the letterbox any day now.
BTW, have you been keeping an eye on the currency markets of late ? Informative! Quite informative in fact!

 

[baabaa]

The EU coronavirus fund will take Europe another step towards disintegration | Yanis Varoufakis

The recovery package promises deeper integration between European countries. It won’t work, says Yanis Varoufakis, co-founder of Democracy in Europe Movement

www.theguardian.com

 

[baabaa]

I see the standing up to the eu didn’t last long! The poor Irish people are just starting to realize how much it costs to be a member of the eu,€15.7 billion for the next few years and the 2nd highest per head of population only Luxembourg is paying more

note ashy doesnt dispute your figs
i have heard the average irish punter will end up paying twice as much as the average german
to keep the italian ,greek, spainish plates spinning!
will end well!

 

[turbo]

Oh dear. We consider the expenditure in farming terms, as investment in lime to get whole farm ph right. You get better performance all round. Output goes up, revenue and income increase.
A healthy EU economy = healthy Irish economy.
Collectively we are investing to ensure that outcome.

Psssst ...... Moneygrowsontrees Sunak, last seen heading over the horizon with yet another sack of money, for some other Boris glory hole project or other. The bills should start dropping in the letterbox any day now.
BTW, have you been keeping an eye on the currency markets of late ? Informative! Quite informative in fact!

But you haven’t got a healthy eu economy

 

[yin ewe]

18 odd bn of ROI exports went to the UK last year, yet ashy seems to want its economy to fail

 

[arcobob]

Oh dear. We consider the expenditure in farming terms, as investment in lime to get whole farm ph right. You get better performance all round. Output goes up, revenue and income increase.
A healthy EU economy = healthy Irish economy.
Collectively we are investing to ensure that outcome.

Psssst ...... Moneygrowsontrees Sunak, last seen heading over the horizon with yet another sack of money, for some other Boris glory hole project or other. The bills should start dropping in the letterbox any day now.
BTW, have you been keeping an eye on the currency markets of late ? Informative! Quite informative in fact!

The pound today stands at 1.10 Euros, exactly a year ago it stood at 1.11 Euros. The pound rose a fraction on Friday. Hardly dramatic but then you could make a drama out of nothing.

 

[Ashtree]

18 odd bn of ROI exports went to the UK last year, yet ashy seems to want its economy to fail

Don’t want it to fail! Wish it wouldn’t weaken its economy and world standing, by pursuing the current path. Brexit and other global events are putting a self inflicted chokehold on Britain. Look at the currency ....?????

 

[turbo]

Don’t want it to fail! Wish it wouldn’t weaken its economy and world standing, by pursuing the current path. Brexit and other global events are putting a self inflicted chokehold on Britain. Look at the currency ....?????

What should I be looking for? I know a strong pound is good for you as it makes your exports cheaper but what good is it to me?

 

[Danllan]

... Moneygrowsontrees Sunak...

Really? I suppose we shall just have to console ourselves with the fact that, regardless of how you try to snipe at him, he is at least one step above the 'Moneygrowsonotherpeople'strees' ROI, shan't we?

 

[Ashtree]

What should I be looking for? I know a strong pound is good for you as it makes your exports cheaper but what good is it to me?

Europe’s Economy to Outpace U.S. in Upending of Past Roles
https://www.bloomberg.com/news/arti...-set-to-outpace-u-s-in-upending-of-past-roles

 

[turbo]

Europe’s Economy to Outpace U.S. in Upending of Past Roles
https://www.bloomberg.com/news/arti...-set-to-outpace-u-s-in-upending-of-past-roles