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Irish dutch sandwich is a known tax evasion strategy
by busssard 3y ago
Irish dutch sandwich is a known tax evasion strategy
- comprev 3y agoThat loophole was closed several years back.
- marvel_boy 3y agoThey have other ones. Too many politicians involved.
- tejinderss 3y agoThey will find another one after 15% rate too. The problem is not the effective rate (which is currently 12.5%) but that the companies are allowed to get away by paying 0% through the loop holes
- disgruntledphd2 3y agoNope, again this doesn't really happen any more. Hilariously enough, because of all the anti-tax haven stuff, Ireland has ended up with the cleanest dirty shirt and now books lots of revenue from corporation tax.
- tejinderss 3y agoYes it does happen, search for r&d tax rebates, all Tech and Pharma companies apply for it, even though the work is not necessarily research one. I have worked in 3 MNCs and they all asked us to present our work as research instead of production
- comprev 3y agoWhile working in the Netherlands I often filled out timesheets which our company presented as R&D, even though it was actual production work.
- disgruntledphd2 3y agoSure, but those kinds of tax credits are incredibly common across basically every developed country, so not sure why the Irish ones matter. Full disclosure: I live in Ireland and have benefited from these credits in the past (though not at present).
- busssard 3y agooh i didn't know TIL
- nope876543 3y agoIt is much more likely to be Brexit related. They are the ONLY highly educated and native english speaking country in the EU and are eating the UKs business I dont even think they have the lowest rate in the EU and they are free to set it however they wish. The land of scholars and saints.