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Ireland joins OECD International Tax agreement

gov.ie

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Re: Ireland joins OECD International Tax agreement

#41

Post by bootloop »

Geee wrote: post #29

Why is busymom0's comment flagged and dead? There's nothing that breaks HN rules in that comment. Lately I've seen completely appropriate arguments on HN being flagged, why is that?

There is not really an argument in their comment is there? It's pooling random facts together. You wouldn't be able to engage into a discourse because you can't start anywhere.

If your country is not designed to have taxes and do anything usefull with it you can't take it as an example how the "system wouldn't work if this one part would be different".

Re: Ireland joins OECD International Tax agreement

#42

Post by collectedparts »

My take on this is that Ireland is now willing to come into compliance because post-Brexit, they now have a monopoly on "urban core that could sustain an HQ for multinationals in a natively-English-speaking country in the EU."

In other words, they relied on tax advantages as a differentiator for companies to choose Dublin over London for their EU HQ. But now, what would you choose if not Dublin? Obviously Paris and Berlin are candidates but if you're a straightforward multinational, or certainly a company that is actually based/headquartered in the US, you're going to experience a lot less of a shock in a natively-English-speaking country.

So it seems to be that Dublin wins now, tax advantage or no tax advantage. Which likely makes drawing the ire of other countries for being a "haven" less worth it.

Re: Ireland joins OECD International Tax agreement

#43

Post by jonas21 »

jgeada wrote: post #17
Brakenshire wrote: post #9

Earlier quoted context omitted.

Governments want to tax profits rather than revenues. A tax on revenues would kill a lot of high growth businesses.

And yet they tax individuals on our revenues and not our profits …

If you're operating a business as an individual (sole proprietor), you deduct expenses and only pay taxes on profits.

Re: Ireland joins OECD International Tax agreement

#44

Post by SSLy »

collectedparts wrote: post #42

My take on this is that Ireland is now willing to come into compliance because post-Brexit, they now have a monopoly on "urban core that could sustain an HQ for multinationals in a natively-English-speaking country in the EU." In other words, they relied on tax advantages as a differentiator for companies to choose Dublin over London for their EU HQ. But now, what would you choose if not Dublin? Obviously Paris and B…

If you mention Berlin and Paris, then also Amsterdam and Warsaw deserve mentions.

Re: Ireland joins OECD International Tax agreement

#45

Post by adgjlsfhk1 »

busymom0 wrote: post #16

I have never understood the whole "tax the rich" idea and I am not rich, don't own a house or car or stocks or anything expensive. When and how will the taxes help you and me? The money just ends up going to a black hole for the government to spent inefficiently. And if you are in the US, the money gets spent on funding the military industrial complex for bombing more countries, regime changes, intelligence agencies,…

Here's a short list of things tax money funds: Roads

Schools

Healthcare (in civilized countries)

Making sure companies selling medicine aren't killing people

Making sure companies don't dump toxic waste into rivers and lakes

Note that comparing Walmart vs the government is especially funny since most of Warlmart's expansion comes from the fact that it under-pays it's workers so much that the federal government has to support them since they aren't able to afford housing and food. It's also really funny that he brings up Fanny Mae as an argument against government efficiency since they are a private company that screwed up so badly they basically destroyed the economy. It's also really funny that he brings up healthcare since Medicare and Medicaid both run several times more efficiently than privately run healthcare.

Re: Ireland joins OECD International Tax agreement

#46

Post by gerdesj »

collectedparts wrote: post #42

My take on this is that Ireland is now willing to come into compliance because post-Brexit, they now have a monopoly on "urban core that could sustain an HQ for multinationals in a natively-English-speaking country in the EU." In other words, they relied on tax advantages as a differentiator for companies to choose Dublin over London for their EU HQ. But now, what would you choose if not Dublin? Obviously Paris and B…

I don't think you realize which Ireland you are talking about. There's Éire which is the Republic and there is also Northern Ireland, which is the UK bit in Britain.

If UKoGBnNI decided to set a low tax rate ...

Re: Ireland joins OECD International Tax agreement

#47

Post by harikb »

seoaeu wrote: post #10
harikb wrote: post #3

Earlier quoted context omitted.

Hopefully 15% is for ( Total - 750 )

Total and $750M aren't even the same unit. The former is profit, while the latter is revenue.

I meant would it incentivize a 749 revenue company to lose money to save on the 2.5% extra tax

Re: Ireland joins OECD International Tax agreement

#48

Post by Pet_Ant »

SSLy wrote: post #44
collectedparts wrote: post #42

My take on this is that Ireland is now willing to come into compliance because post-Brexit, they now have a monopoly on "urban core that could sustain an HQ for multinationals in a natively-English-speaking country in the EU." In other words, they relied on tax advantages as a differentiator for companies to choose Dublin over London for their EU HQ. But now, what would you choose if not Dublin? Obviously Paris and B…

If you mention Berlin and Paris, then also Amsterdam and Warsaw deserve mentions.

Warsaw? We’re becoming the Texas of Europe, more than a little unpalatable.

Re: Ireland joins OECD International Tax agreement

#49

Post by detaro »

gerdesj wrote: post #46
collectedparts wrote: post #42

My take on this is that Ireland is now willing to come into compliance because post-Brexit, they now have a monopoly on "urban core that could sustain an HQ for multinationals in a natively-English-speaking country in the EU." In other words, they relied on tax advantages as a differentiator for companies to choose Dublin over London for their EU HQ. But now, what would you choose if not Dublin? Obviously Paris and B…

I don't think you realize which Ireland you are talking about. There's Éire which is the Republic and there is also Northern Ireland, which is the UK bit in Britain. If UKoGBnNI decided to set a low tax rate ...

they are obviously talking about the one the article is also about. The other one is btw part of a country that joined the discussed agreement already at an earlier time.

Re: Ireland joins OECD International Tax agreement

#50

Post by foerbert »

Geee wrote: post #40
_jal wrote: post #36

Earlier quoted context omitted.

I haven't voted on it, but it looks like astroturf/spam to me.

Why? It's a perfectly fine comment on the topic of taxes.

There's no way it's a genuine comment from somebody that has given the topic enough of a passing thought to actually comment on it.

The sheer number of things everybody interacts with everyday that are very directly related to tax-funded government actions is immense, and very blatantly so.

Yet they lead with "what have taxes ever done for anybody?" It's not a genuine or honest comment.

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