> The new global minimum effective tax rate of 15% means that many large multinational corporations operating in Ireland will face a top-up tax.
From the second line of the AI overview. I mean, seriously?
So the 12.5% rate remains for irish headquartered companies, NOT multinationals. And personally I'm OK with that (cries as he pays 52% marginal).
> Not really. 30, some even less. Average age is probably 40. So indeed, suspiciously young the positions they hold. How many leaders of a large investment fund are under 60 at least?
You and I clearly have different ideas of what older people look like. They mostly look like the kind of middle-aged people I work with. And I think you're missing that most of those roles are pretty low-level, the investment fund is very very small by investment fund standards.
> (yes, that is, after all, the promise a country or anyone makes when they borrow money. Alternatively you could NOT bail them out)
So, the Irish government tried (repeatedly) to renegotiate those deals. The bondholders were (mostly) fine with it (as they'd bought the bonds later). The ECB and the IMF refused to allow this to happen, for fear of contagian. This lead to basically all capital projects (housing/water etc) being cut, and basically the entire public service taking massive pay cuts. And remember, at this point the multinationals were paying approximately zero tax, so people like me (higher rate taxpayers) funded all of this.
And as a result, we have huge infrastructural deficits and a housing crisis (where this thread got started).
> This is stealing, simply because it is not Irish tax revenue.
This is a ridiculous argument, who does the tax revenue "belong" to? If the US charges Shell taxes on their US activity is that stealing? If the Feds charge Shell tax revenue on their Texas activities is that stealing? If Shell pay all their corporate tax in Delaware is that stealing?
I'm making the assumption that you are Dutch (based on previous comments). Was the Dutch East India company stealing from India? Is that also against your moral code? Do you plan to make reparations to the Indians about this?
> Enabling tax avoidance, especially after signing international treaties that you would do the opposite is not success.
Again, on the assumption that you are Dutch, do you realise that most of the schemes avoiding all of the tax (the double irish with a dutch sandwich) involved your country? Was that OK? How come you haven't changed your tax laws?
Note: i think there's a really interesting question here around where revenue "should" be taxed so even if you're annoyed at the rest of the comment, I'd appreciate your thoughts on that.