21–30 of 76 posts
Sadly, the government has to accept it. Damn EU! Destroying our country.
This is exactly why a lot of people don't like the EU. Local politicians claim EU victories as their own, while blaming the EU for all unpopular laws. David Cameron was really good at that and look how that worked out...
It's weird that the EU has a monetary union, but so much difference in corporate income tax rates. Great that IE is 12%, but this "competition" is BS in the sense that they needed the higher-tax countries to bail them out just a few years ago: https://en.wikipedia.org/wiki/Post-2008_Irish_banking_crisis It's a leak in the EU system, and it needs to be plugged. Just imagine what a unified income tax rate in the EU wou…
You have that the wrong way around.
The Irish taxpayers, unwillingly, covered the massive gambling losses of private individuals and companies(including a group of businesses called "banks") who were playing in the (German-lead US-style) light-touch bank de-regulation "bank-casinos" of Europe. The "casinos" in Ireland had a disproportionate share of that action at approx 40% of the EU total.
The total cost to the Irish tax-payer was approx 65 billion euro I've heard.
We bailed them out using money we _borrowed_ from them and have paid back in full (recently i think?) with interest.
Thats like borrowing money from your loan shark to cover his poker losses.
When will countries finally understand that it's better to co-operate them too compete against another? Multinational companies are playing them against each other.
You are right but it will never happen. It only takes one country to break ranks and the game is back on again.
In many ways, the emergence of the EU was forced by the rise of supranationally-sized industrial giants emerging from US and URSS. Now that it's clear that "supranational champions" really have no fundamental loyalty, there is a very high chance that supranational institutions will become more and more powerful. The challenge is to make those institutions answer to everyone rather than just to the elites.
It's weird that the EU has a monetary union, but so much difference in corporate income tax rates. Great that IE is 12%, but this "competition" is BS in the sense that they needed the higher-tax countries to bail them out just a few years ago: https://en.wikipedia.org/wiki/Post-2008_Irish_banking_crisis It's a leak in the EU system, and it needs to be plugged. Just imagine what a unified income tax rate in the EU wou…
Bear in mind that countries like France have even lower rates in practice due to various loopholes for their largest corporations - https://www.irishexaminer.com/business/france-has-lower-effe... - effective tax rate of 8.2% as of 2013. The leak in the system is consolidated tax base, not different tax rates. That is, booking revenue (especially digital revenue) from sales across the whole of the EU in a single EU co…
Ireland also has lower rates in practice due to allowances for their largest corporations: Apple's allowance afforded them an effective rate of <1%, hence the $21 billion.
It's weird that the EU has a monetary union, but so much difference in corporate income tax rates. Great that IE is 12%, but this "competition" is BS in the sense that they needed the higher-tax countries to bail them out just a few years ago: https://en.wikipedia.org/wiki/Post-2008_Irish_banking_crisis It's a leak in the EU system, and it needs to be plugged. Just imagine what a unified income tax rate in the EU wou…
It's weird that the EU has a monetary union, but so much difference in corporate income tax rates. Great that IE is 12%, but this "competition" is BS in the sense that they needed the higher-tax countries to bail them out just a few years ago: https://en.wikipedia.org/wiki/Post-2008_Irish_banking_crisis It's a leak in the EU system, and it needs to be plugged. Just imagine what a unified income tax rate in the EU wou…
It's weird that the EU has a monetary union, but so much difference in corporate income tax rates. Great that IE is 12%, but this "competition" is BS in the sense that they needed the higher-tax countries to bail them out just a few years ago: https://en.wikipedia.org/wiki/Post-2008_Irish_banking_crisis It's a leak in the EU system, and it needs to be plugged. Just imagine what a unified income tax rate in the EU wou…
Agreed, this is something we at http://volteuropa.org are working towards! Unified tax rates would greatly reduce the burden of setting up and running a business in the EU.
It's weird that the EU has a monetary union, but so much difference in corporate income tax rates. Great that IE is 12%, but this "competition" is BS in the sense that they needed the higher-tax countries to bail them out just a few years ago: https://en.wikipedia.org/wiki/Post-2008_Irish_banking_crisis It's a leak in the EU system, and it needs to be plugged. Just imagine what a unified income tax rate in the EU wou…
Monetary union without a fiscal union. It is a slightly odd position, but most countries aren't ready for the sovereignty transfer implied by centralising fiscal policy. The politics of paying for Greek pensions just doesn't work.
Earlier quoted context omitted.
Bear in mind that countries like France have even lower rates in practice due to various loopholes for their largest corporations - https://www.irishexaminer.com/business/france-has-lower-effe... - effective tax rate of 8.2% as of 2013. The leak in the system is consolidated tax base, not different tax rates. That is, booking revenue (especially digital revenue) from sales across the whole of the EU in a single EU co…
> Bear in mind that countries like France have even lower rates in practice due to various loopholes for their largest corporations Ireland also has lower rates in practice due to allowances for their largest corporations: Apple's allowance afforded them an effective rate of <1%, hence the $21 billion.