J
jgavig
Guest
ok, my first post so apologies if this query is inappropriately placed. I was listening to Rte Radio 1 on early on Saturday afternoon a week gone by when I heard McWilliam put forward a fantastic fix for all our financial woes.
to keep it simple it goes like this.... US companies who have headquartered themselves here for the last 10-15yrs or longer to take advantage of our fantastic corporation tax rate have so far accumulated approx $740bn ( I know...I could not believe it either..) that they cannot bring back in to the US without getting hammered by the IRS thereby defeating the reason for their being here in the first place. Mcwilliams suggested that the Irish government approach these companies to use the funds to invest in Ireland over a ten year period by which time by means of some obtuse financial shenagins their money would no longer be tax liable in the US and they could extract their investment, and a possible divendend, more moulah, avoid liabilities in the US and Irish companies would access to a government championed $740bn investment fund.....now I'm sure this plan is full of holes however to my amateur financial ear this sounded almost viable however.....what y'all think?
to keep it simple it goes like this.... US companies who have headquartered themselves here for the last 10-15yrs or longer to take advantage of our fantastic corporation tax rate have so far accumulated approx $740bn ( I know...I could not believe it either..) that they cannot bring back in to the US without getting hammered by the IRS thereby defeating the reason for their being here in the first place. Mcwilliams suggested that the Irish government approach these companies to use the funds to invest in Ireland over a ten year period by which time by means of some obtuse financial shenagins their money would no longer be tax liable in the US and they could extract their investment, and a possible divendend, more moulah, avoid liabilities in the US and Irish companies would access to a government championed $740bn investment fund.....now I'm sure this plan is full of holes however to my amateur financial ear this sounded almost viable however.....what y'all think?