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Who will these companies hire when they move to Ireland? There was a mass emigration last year where, at its peak, 10,000 people were leaving per week. It sucks
by jbob2000 11y ago
Who will these companies hire when they move to Ireland? There was a mass emigration last year where, at its peak, 10,000 people were leaving per week. It sucks living in a country that is rainy and overcast most of the year, how can you convince someone from a sunny and warm state to move there?
I just feel like something is missing when I hear things like "X company is moving 500 jobs to Ireland". Where the hell are they finding these people? They country has a population of 6.3mil!
- rorykoehler 11y agoI'll agree with you on the weather part but it seems that it's not a deal breaker for many people. Ireland has a huge amount of highly skilled people ready and willing to work. People come and go all the time. The Irish government invested heavily in STEM education for 2nd and 3rd level students in the 90's and 00's. Emigration and immigration are as big a part of Irish history as the potato. Also many foreigners come to work in Ireland all the time. During the boom years hundreds of thousands of people from all over the world came to work in Ireland and seemed to like it. Added to that, in most places in the world people don't have the entitled mentality to work that is rife in SV where it seems to be a sellers market for jobs.
- foobarian 11y agoIreland is in the EU, so people from all over the EU can move there to work. For the recently joined countries in eastern Europe it's caused a dramatic brain drain.
- um_ya 11y agoKeep in mind, their headquarters is located in Ireland but they can still do operations in the United States. This is a strategic move to avoid U.S. taxes on profits made outside the country. The United States is one of the only countries in the world that taxes outside its boarders. They will save on foreign profits, but they will still pay taxes on their U.S. income... I find it ironic that our politicians promise jobs, but aren't willing to reduce taxes and regulation on businesses. Then, they get upset when businesses want to leave. What's their solution to fix this? "tax them more for trying to leave" -__-
- vkou 11y agoAny amount of taxes is too high for these businesses. Lowering taxes, because of taxation arbitrage is a quick race to the bottom.
- hibikir 11y agoBut corporate US taxes are on profits, so if the US only taxed inside the country, you can lower your US taxes by engineering your organization such that you can claim US operations pay your business unit that resides in a different country amounts that are similar to your US profits. So imagine a company that sell 500m of a product in the US and today has costs of $400, with $100m in profit. If they have to pay the business unit in Ireland $90m for their voodoo design expertise, then the company still has 100m in profit, but now only 10m will be taxed in the US. It's not as if consumption taxes lack loopholes themselves: In my own case, I spend about 20% of my earnings, with the rest going to taxes and savings (I am aiming for early retirement). So why would I spend my retirement years at a place wth a high consumption tax? The one way around that would be to start taxing money transfers across borders, and we all know that isn't happening.
- justincormack 11y agoThey are unlikely to hire people in Ireland, they will have a postal address and probably little else.
- rmc 11y agoActually many large American tech companies employ significant amount of people in Ireland, Google, IBM, Intel, Microsoft each employ thousands of people.
- rmc 11y ago> They country has a population of 6.3mil! The population of Ireland is about 4.5 million. If you include Northern Ireland it's about the 6 million.