As ireland becomes richer it is going to become harder and harder to justify
The game is simple: a company sends intellectual property to a tax-haven country like Ireland and
keeps the tax difference on the money it earns.
A Washington panel advising the White House on tax policy is now floating a possible new strategy: simply eliminate the taxes on overseas corporate income that motivate firms to move their intellectual property and other assets offshore. Most major U.S. trading partners have already taken this step, giving their firms a competitive edge against American companies.
Free market capitalism - Uncle Sam can't allow that now can he...!?CoffeeBrew said:According to the Wall Street Journal describing operations in Ireland, the IRS is fighting some migrations of intellectual property in court and the Treasury Department has issued a draft set of new rules designed to limit the practice.
Well maybe not the EU, but certainly the eurozone. Ireland relies heavily on foreign investment. If we have the same corporation tax as everyone else, this investment will go elsewhere, maybe to a country with a better transport infrastructure, for example.Do you really think that's a realistic proposition or are you simply trolling?
Free market capitalism - Uncle Sam can't allow that now can he...!?
umop3p!sdn said:Well maybe not the EU, but certainly the eurozone. Ireland relies heavily on foreign investment. If we have the same corporation tax as everyone else, this investment will go elsewhere, maybe to a country with a better transport infrastructure, for example.
Seems a reasonble proposition to me. What advantages will be left for Ireland to remain in the eurozone?
This is an issue as a result of our membership of the EU not the Euro.
CoffeeBrew said:According to the Wall Street Journal describing operations in Ireland, the IRS is fighting some migrations of intellectual property in court and the Treasury Department has issued a draft set of new rules designed to limit the practice.
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