4 ms·
That loophole was closed several years back.
by comprev 3y ago
That 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