On wealth per capita basis, ireland is on a par with Spain but is a long way behind Germany France and UK. The government might be flush with cash but that's the size of it. We hold much less wealth in shares and investments outside of property than our European peers.Are we really?
There is of course much wealth held by individuals in the country but The State has a debt of some €220Billion and the pension 'liability' could be double that.
You have on many occasions correctly contradicted the misnomer of us bailing out the banks.
Please stop saying we are such a rich country when our per capita debt is one of the biggest in the developed world?!
+1Are we really?
There is of course much wealth held by individuals in the country but The State has a debt of some €220Billion and the pension 'liability' could be double that.
You have on many occasions correctly contradicted the misnomer of us bailing out the banks.
Please stop saying we are such a rich country when our per capita debt is one of the biggest in the developed world?!
On wealth per capita basis, ireland is on a par with Spain but is a long way behind Germany France and UK. The government might be flush with cash but that's the size of it. We hold much less wealth in shares and investments outside of property than our European peers.
This is conflating two separate issues. The OECD is pushing for taxation at point of sales under its Base erosion and profit shifting (BEPS) initiative - this is still a work in progress.They will be looking for their share of that taxation as the central argument is that tax should be paid at point of sale rather than where a multinational chooses to headquarter. It puts the whole strategy of moving IP from the US to Ireland in doubt now
That surprises me.On wealth per capita basis, ireland is on a par with Spain but is a long way behind Germany France and UK.
Everyone gets a bicycle shelter...The €13 billion is now ours to waste as we see fit.
Have you ever heard of VAT?They will be looking for their share of that taxation as the central argument is that tax should be paid at point of sale rather than where a multinational chooses to headquarter.
Please stop saying we are such a rich country when our per capita debt is one of the biggest in the developed world?!
Good point.
But we have a very high national income.
We have a very high, artificially high, tax take.
We are better off than most of the countries whose tax take we are robbing.
Brendan
Do you genuinely not understand or are you being deliberately awkward ?Have you ever heard of VAT?
A German buying an iPhone in Germany very much pays VAT in Germany.
Why do you think that ?A bad decision for Ireland.
That's not at issue here at all.They [France and Germany] will be looking for their share of that taxation as the central argument is that tax should be paid at point of sale rather than where a multinational chooses to headquarter. It puts the whole strategy of moving IP from the US to Ireland in doubt now
The fact that many believe that profits should be taxed where they are economically earned is a pink mackerel so far as this ruling is concerned. The issue here is that Apple had a sweetheart deal with the Irish revenue (government) that most of its profits could be internally allocated to its "head office" which apparently resides nowhere. Imagine if every company could have a piece of that.
There is no question but the illegal state aid should be returned to Ireland, the argument that it was economically earned elsewhere is yet to be thrashed out and will surely not be retrospective, and it is of course a much more important matter so far as FDI is concerned.
Should we appeal? IMHO we have no chance of winning and in any event the practice has stopped going forward so a win brings no material gains whatsoever. The "bad lawyers" comment is brilliant but even good lawyers won't reverse this. So the main purpose of an appeal is optics.
How are we going to get that Tower of Babel which is our "government" to agree on that?
I understand that Apple employs 6,000 people in Cork who are presumably providing a material share of the value produced when I purchased the iPhone I’m typing on right now.Do you genuinely not understand
That surprises me.
Can you point us to anything to back this up?
Does anyone have a link to the ruling?
Yes, probably with a credit for Irish tax paid.Am I correct in thinking that these profits will now be taxed twice?
Because our economy is built on stealing taxes from other countries. Without that we wouldn't have billions to waste on the bad delivery of public services or on our extremely generous welfare system.Why do you think that ?
What exactly do you mean by this. It is something I hear said a lot by very different people with very different perspectives. How do you see us as stealing taxes, and from where.Because our economy is built on stealing taxes from other countries. Without that we wouldn't have billions to waste on the bad delivery of public services or on our extremely generous welfare system.
It’s complete nonsense.How do you see us as stealing taxes, and from where.
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