4 ms·
Not really. Ireland has some deals going with several digital multinationals. The guardian writes: "Google pays €47m in tax in Ireland on €22bn sales revenue"
by sddfd 9y ago
Not really. Ireland has some deals going with several digital multinationals.
The guardian writes:
"Google pays €47m in tax in Ireland on €22bn sales revenue"
https://www.theguardian.com/business/2016/nov/04/google-pays-47m-euros-tax-ireland-22bn-euros-revenue https://www.theguardian.com/business/2016/nov/04/google-pays...
- gaius 9y agoIreland is only able to charge such low corporation tax due to the generous subsidies it receives from the EU too.
- anonymousDan 9y agoEh? Think you need to get your facts straight: https://amp.independent.ie/business/irish/ireland-contributes-more-money-than-it-gets-to-eu-for-first-time-34815450.html https://amp.independent.ie/business/irish/ireland-contribute...
- endless1234 9y agoHm? "For the first time since it joined the bloc in 1973" "Since 1973, Ireland has received over €50bn."
- lin_lin 9y agoWell if we're going down that road, that figure is dwarfed by the amount of debt the Irish State took on to bail out European banks...
- arethuza 9y agoWasn't it more like the Irish State was "forced" to bail out some truly awful Irish Banks who were lending money they had borrowed from European banks?
- anonymousDan 9y agoSo what, your point was that the only reason Ireland can maintain a low corporation tax rate is they benefit from EU funding. And here we are today with Ireland a net contributor to the EU and yet they still manage to maintain a low corporation tax rate.
- Supernaut 9y agoCan we see some evidence for that claim? According to my research, Ireland is a net contributor to the EU budget. In 2014, the last year for which complete data is available, the country paid €168m more to the EU than it received in grants and payments.
- peteretep 9y agoYour comment is either unlucky or massively disingenuous in choosing 2014, as: "Ireland has [in 2014] become a small net contributor to the EU Budget for the first time since it joined the bloc in 1973" http://www.independent.ie/business/irish/ireland-contributes-more-money-than-it-gets-to-eu-for-first-time-34815450.html http://www.independent.ie/business/irish/ireland-contributes...
- Supernaut 9y agoI'm not sure what the point you're making is. The country's corporate tax rate was only reduced to 12.5% in the late '90s. Before that, it was comparable to other that of other EU nations. The reduction in the rate, along with other factors, helped the economy to grow over the next 15 years, to the point where the country became a net contributor. It would have happened well before 2014 had the Irish economy not been reeling from the effects of the 2008 crash.
- ptaipale 9y agoI think it is not massively disingenuous to use the newest data available. I did not find much better figures for 2015 or 2016. Another source suggests that Ireland has been net contributor since 2013 and continued so in 2015. http://www.thejournal.ie/ireland-financial-gain-from-eu-frances-fitzgerald-facts-2894694-Jul2016/ http://www.thejournal.ie/ireland-financial-gain-from-eu-fran... It is true that Ireland has been a huge net receiver from EU for a long time. Now that it becomes a net contributor, I suppose we could call that "development". And perhaps this shows that Irish tax policies do increase its economic activities.
- lin_lin 9y agoNice selective headlining from the Guardian. Usually txes are paid on profits. Wouldn't drive the clicks though.
- sddfd 9y ago> [..] selective headlining [..] Wouldn't drive the clicks though. I disagree. The profits are not essential here, because the issue is that the profits are quite small because a tax accounting trick called "double irish" was used (which is explained in the article).