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Dropbox is going brogue

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Re: Dropbox is going brogue

#21

Post by tiernano »

maguay wrote: post #3
trengof wrote: post #2

Double Irish With a Dutch Sandwich Anyone? http://www.nytimes.com/interactive/2012/04/28/business/Doubl...

Why else Ireland? I highly think it was picked for tax purposes.

Have you seen our Datacenter Infrastructure (Google, Amazon, Microsoft, etc)? have you seen our climate (mostly cold, perfect for said datacenters)? We have an educated workforce, are close to mainland Europe, and who doesn't want to work in the home of the Black Stuff (Guinness). Tax could be an incentive, but think of the rest we have also.

Re: Dropbox is going brogue

#23

Post by pbiggar »

tiernano wrote: post #21
maguay wrote: post #3

Earlier quoted context omitted.

Why else Ireland? I highly think it was picked for tax purposes.

Have you seen our Datacenter Infrastructure (Google, Amazon, Microsoft, etc)? have you seen our climate (mostly cold, perfect for said datacenters)? We have an educated workforce, are close to mainland Europe, and who doesn't want to work in the home of the Black Stuff (Guinness). Tax could be an incentive, but think of the rest we have also.

Don't forget we all speak native English.

Re: Dropbox is going brogue

#24

Post by mtts »

tiernano wrote: post #21
maguay wrote: post #3

Earlier quoted context omitted.

Why else Ireland? I highly think it was picked for tax purposes.

Have you seen our Datacenter Infrastructure (Google, Amazon, Microsoft, etc)? have you seen our climate (mostly cold, perfect for said datacenters)? We have an educated workforce, are close to mainland Europe, and who doesn't want to work in the home of the Black Stuff (Guinness). Tax could be an incentive, but think of the rest we have also.

A native English speaking work force at lower salaries than in the UK helps too :-)

Re: Dropbox is going brogue

#25

Post by toyg »

maguay wrote: post #3
trengof wrote: post #2

Double Irish With a Dutch Sandwich Anyone? http://www.nytimes.com/interactive/2012/04/28/business/Doubl...

Why else Ireland? I highly think it was picked for tax purposes.

Why anywhere else? Ireland si the "India of Europe" (English fluency, low salaries, decent education) and it has the best tax arrangements among similar countries.

Microsoft, Facebook, IBM and the likes, they all basically serve the EU market from Dublin, and it's been like that for 20 years -- the "Celtic Tiger" phenomenon was based on this sort of activity: combining EU membership, low taxes, low salaries and cultural affinities to lure multinationals' HQs. Other EU members tolerated this because, when it started, Ireland was dirt poor. When the bubble burst, there was a lot of schadenfreude sweeping the continent...

Re: Dropbox is going brogue

#26

Post by pbiggar »

rpm4321 wrote: post #17
marcamillion wrote: post #5

Earlier quoted context omitted.

I suspect it is for tax purposes....the corporate tax rate in Ireland is 15% I believe - in comparison to 30%+ elsewhere in the West.

12.5, or 10 if you are manufacturing: http://en.wikipedia.org/wiki/Corporation_tax_in_the_Republic...

Google pays about 1% tax, due to the tax loopholes (Dutch Sandwich and Double Irish, as noted elsewhere in the thread).

Re: Dropbox is going brogue

#27

Post by pbiggar »

w1ntermute wrote: post #8

At first I was wondering why a Chinese translation had been omitted, but then I realized the service was blocked by the Great Firewall.

Funnily enough, there's probably more native Chinese speakers in Ireland than there are native Irish speakers!

Re: Dropbox is going brogue

#28

Post by w1ntermute »

pbiggar wrote: post #27
w1ntermute wrote: post #8

At first I was wondering why a Chinese translation had been omitted, but then I realized the service was blocked by the Great Firewall.

Funnily enough, there's probably more native Chinese speakers in Ireland than there are native Irish speakers!

Haha, I just checked and only 2.9% of the Irish population speaks Irish natively. That's pretty crazy.

Re: Dropbox is going brogue

#29

Post by rpm4321 »

eoin_murphy wrote: post #20
sargun wrote: post #10

Earlier quoted context omitted.

The tax story in Ireland is incredible. The corporate tax rate is significantly lower than other nations, and often times, the government is willing to make special concessions, or give tax rebates for companies intending on making long term commitments (Amazon is best known for making these deals).

That and they probably just got a huge grant for putting their first translation in Irish... But yes, the tax laws in Ireland are incredibly generous, if you're a corporation. I say this as a person just falling into the top tax bracket which means that while most of my wages are taxed at 21% or so (closer to 25%), any bonuses or future wage increases will be taxed at over 50% (once all the levies etc. have been coun…

Hey Eoin, couple of quick question for you if you don't mind. I know you're probably not a tax lawyer, but what's the personal capital gains situation like over there?

Also, just wondering what "morale" (for lack of a better word) is like now, given all the bailouts, budget crises, and even church scandals. All you hear about Ireland in the US media these days seems to be doom and gloom.

Is there a chance, given the public's hostile reaction to the bank bailouts and economic crisis, that Ireland could tack left and start rolling back its advantageous tax rates?

Thanks in advance.

Re: Dropbox is going brogue

#30

Post by StavrosK »

rpm4321 wrote: post #17
marcamillion wrote: post #5

Earlier quoted context omitted.

I suspect it is for tax purposes....the corporate tax rate in Ireland is 15% I believe - in comparison to 30%+ elsewhere in the West.

12.5, or 10 if you are manufacturing: http://en.wikipedia.org/wiki/Corporation_tax_in_the_Republic...

Damn, sounds like I should have founded my company there instead.
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