3 ms·

https://enterprise.gov.ie/en/publications/publication-files/the-value-of-data-centres-to-ireland.pdf https://enterprise.gov.ie/en/publications/publication-files

https://enterprise.gov.ie/en/publications/publication-files/the-value-of-data-centres-to-ireland.pdf https://enterprise.gov.ie/en/publications/publication-files/... > it is estimated that in 2024, of the order of ~€104bn in annual GVA, 876,000 jobs and €14.6bn in annual employment related tax was enabled by the availability of digital infrastructure provided by data centres located in Ireland. Seems like the economics of hosting these data centers benefits Ireland substantially, even with their tax breaks.

spwa4 3mo ago
Yes, at the cost of removing at least double, and for FANG companies about triple, the tax revenue from other EU governments. And that's just counting company tax (and only specific companies, ie. this is why the "billionnaire tax" is so low, well, this is the EU component of it) (technically: FANG taxes in Ireland, in violation of OECD treaties, is 12.5%, and for other very large companies 15%. If your company is not at least a certain size, and you haven't transferred "company IP" into Ireland during a certain window that's now closed, other taxes that don't increase with revenue will raise effective tax to as high as 55% for sole traders. And the actual FANG income is mostly generated in France and Germany, who have 25% and 30% company tax rates respectively, with some other EU countries higher still. In other words, this is the tax system billionnaires salivate about: it's a regressive tax, specifically designed to make the ultra rich richer, and push everyone else's wealth down hard, even people outside of Ireland) PLUS the income tax lost for both other EU countries and employees, because for most FANG employees, this is also a tax increase (assuming they chose to move to Ireland rather than stay in the Netherlands or elsewhere in the EU) I mean we should unite against this! This system is making literally everyone in the EU poorer compared to the US tech sector. From an unemployed Romanian in a long term care facility to a French billionnaire. All are losing money through this system.
- infinite_spin 3mo ago
  Why should Ireland, a historically poor nation that has been exploited by European powers for centuries, be concerned with the taxes that other (much larger) governments collect? The entire point of tax sovereignty is to avoid this exact issue.
  - spwa4 3mo ago
    So they should take away other people's money because they can, because of stuff that happened a long time ago, and when they feel like they should be able to just take stuff from other people for some random long ago reason ? I'm so exited finding someone like you! I'm much like Ireland. I was born desperately poor. My parents gave me second hand presents on , if that. I couldn't pay for my school things back then. I got "support" of child services until I, quite literally, threw them out (down a staircase to be exact), and then decided to study and fix things myself. I'm decently rich now, but not rich enough. Given that you support people just stealing because of not-valid past grievances ... Where do you live and where do you hide the cash?
    - infinite_spin 3mo ago
      > So they should take away other people's money because they can Ireland isn't stealing from other people by changing their tax policies to attract business, that isn't theft by any stretch of the imagination outside of a libertarian one that posits all taxation is theft.. and you haven't answered my question: Why should Ireland change their tax policy to benefit other (much larger) governments? It's fairly insulting that you've described the Irish as thieves, something Europeans have done for centuries, just because you want more tax revenue for other, much larger, governments.
      - spwa4 3mo ago
        The reasoning that Ireland's tax policy is theft is not discussed here from a "taxation is theft" perspective, but from a "we should tax the rich" perspective. Because Ireland is in the EU, this effectively halves taxes on most big international companies in the EU (less than half of what it is for everybody else/normal companies in the EU), and makes it 12.5% for a few specific FANG companies. Which is deeply unfair, from two main perspectives: 1) everyone should be taxed the same. Big, small, local, global, ... it should not matter (if anything global should be taxed more than local) 2) it only works because everyone's tax revenues go down a lot, which means yet again the rich escape taxes 3) it makes something like EU corporate tax initiative, which is horrible (it involves an extremely complicated way of attributing specific transactions to specific locations and then taxing them locally. However, like the EU VAT initiative it's main problem is how complicated it is)

spwa4 3mo ago

Yes, at the cost of removing at least double, and for FANG companies about triple, the tax revenue from other EU governments. And that's just counting company tax (and only specific companies, ie. this is why the "billionnaire tax" is so low, well, this is the EU component of it) (technically: FANG taxes in Ireland, in violation of OECD treaties, is 12.5%, and for other very large companies 15%. If your company is not at least a certain size, and you haven't transferred "company IP" into Ireland during a certain window that's now closed, other taxes that don't increase with revenue will raise effective tax to as high as 55% for sole traders. And the actual FANG income is mostly generated in France and Germany, who have 25% and 30% company tax rates respectively, with some other EU countries higher still. In other words, this is the tax system billionnaires salivate about: it's a regressive tax, specifically designed to make the ultra rich richer, and push everyone else's wealth down hard, even people outside of Ireland) PLUS the income tax lost for both other EU countries and employees, because for most FANG employees, this is also a tax increase (assuming they chose to move to Ireland rather than stay in the Netherlands or elsewhere in the EU) I mean we should unite against this! This system is making literally everyone in the EU poorer compared to the US tech sector. From an unemployed Romanian in a long term care facility to a French billionnaire. All are losing money through this system.

infinite_spin 3mo ago
Why should Ireland, a historically poor nation that has been exploited by European powers for centuries, be concerned with the taxes that other (much larger) governments collect? The entire point of tax sovereignty is to avoid this exact issue.
- spwa4 3mo ago
  So they should take away other people's money because they can, because of stuff that happened a long time ago, and when they feel like they should be able to just take stuff from other people for some random long ago reason ? I'm so exited finding someone like you! I'm much like Ireland. I was born desperately poor. My parents gave me second hand presents on , if that. I couldn't pay for my school things back then. I got "support" of child services until I, quite literally, threw them out (down a staircase to be exact), and then decided to study and fix things myself. I'm decently rich now, but not rich enough. Given that you support people just stealing because of not-valid past grievances ... Where do you live and where do you hide the cash?
  - infinite_spin 3mo ago
    > So they should take away other people's money because they can Ireland isn't stealing from other people by changing their tax policies to attract business, that isn't theft by any stretch of the imagination outside of a libertarian one that posits all taxation is theft.. and you haven't answered my question: Why should Ireland change their tax policy to benefit other (much larger) governments? It's fairly insulting that you've described the Irish as thieves, something Europeans have done for centuries, just because you want more tax revenue for other, much larger, governments.
    - spwa4 3mo ago
      The reasoning that Ireland's tax policy is theft is not discussed here from a "taxation is theft" perspective, but from a "we should tax the rich" perspective. Because Ireland is in the EU, this effectively halves taxes on most big international companies in the EU (less than half of what it is for everybody else/normal companies in the EU), and makes it 12.5% for a few specific FANG companies. Which is deeply unfair, from two main perspectives: 1) everyone should be taxed the same. Big, small, local, global, ... it should not matter (if anything global should be taxed more than local) 2) it only works because everyone's tax revenues go down a lot, which means yet again the rich escape taxes 3) it makes something like EU corporate tax initiative, which is horrible (it involves an extremely complicated way of attributing specific transactions to specific locations and then taxing them locally. However, like the EU VAT initiative it's main problem is how complicated it is)