Didn’t Ireland recently bump their corporate tax up from like 7/8 to 15% to align with basically the test of the world as well?
It’s still 12.5%. I don’t think it was ever as low as 7 or 8. I don’t think it’s gone up to 15% yet either, but it was being talked about for sure.
Ireland are moving closer and closer to renewables with huge sites coming online anually and more getting permission to start. These sites were going to be put somewhere, ireland has a strong tech centre, an eucated work force, an amazingly stable grid and plenty of space to house these.
Why would Ireland push these out, only for them to be built somewhere else with the same downsides and no upsides. Sure on paper Ireland’s usage goes up but as a planet, where it is housed makes no difference only how the power is produced.
If anyone thought we were heading to a future of lower power consumption they were deluding themselves. We can lower emissions by eliminating fossil fuels, but per capita net power consumption will, on average, continue going up, because it will still always correlate with getting useful physical work done.
Western countries need to figure out that the future will lbe dominated by who can produce the most clean energy, the cheapest.
That’s just not true, western countries have been on a downward trend of per capita energy usage for two decades now. Electricity usage may go up because we’re changing how we use energy, but we’re on a downward trajectory overall.
Worlds tiniest violin plays
I still haven’t forgiven them for knowingly stealing most of the west’s’ tax base for years. https://en.wikipedia.org/wiki/Double_Irish_arrangement
They’re a huge part in the downfall of our societies and did it for a quick buck.
Well, quick buck or not, check their economy before and after and report back to explain what else exactly they could leverage to their advantage
You do not have a right or obligation to leverage your advantage at the expense of everyone else, no matter how many Ayn Rand loving psychopaths will try and argue otherwise.
That’s capitalism, playing your advantage for gain.
As an abstract system, yeah, that is mechanistically how it works. If you live your life and make real world decisions based on an abstract system that doesn’t accurately and wholistically model the real world, then you’re either lying to yourself, or us, or you don’t understand the purpose of money and capitalism in the first place.
Economy of what? A country that has no jobs outaide of Dublin, and rents beyond what a median income can afford in Dublin? Ireland has a fake economy that is built entirely on lies with no money going to actual working people. It’s like if Rhode Island eas an independent country.
Well this is completely wrong, there are in fact loads of jobs outside dublin…where most of the population lives.
There is a housing crisis yes, more should be done.
Is this supposed to justify the behavior?
Should Ireland be sanctioned or put on that list?
I’m sorry, Ireland will never be sanctioned for this. They’re aligned with two powerful trading blocs.
Inside the EU: they don’t meaningfully do anything to stop this practice of tax avoidance. They’ll play a good game taking US multinationals to court, yes, and imposing laughable fines. But ultimately they’re not going to outright ban this practice or force Ireland to stop. They’re either not capable or unwilling. Time has showed both.
Friends with the US: if there’s any “special relationship” with the US, it’s not France it’s not the UK it’s Ireland. There’s too many votes, to be blunt, in the “Irish American” caucuses for The US to change any position on Ireland regarding tax evasion.
Time to face facts. That tax isn’t coming home. It’s being funneled via Ireland for the benefit of US multinationals who wish their CEOs to vacation in Hawaii twice a year for a small cut taken by Ireland.
Luck of the Irish, eh?
Russians, Chinese and Arabs in London are bigger issues city no doubt. At least in Ireland the good guys launder their money and evade taxes.
Good to see irelsnd so rich and homeless population is on rise. As if that’s how system is intended to work.
The richer the country the more homeless
American way?
Just how this is structured shows how angry you are, there is a lot of information and these a complex issues but they are not all linked to the corporate taxation policy.
People are wildly angry about these small things, the corporstions that HQ in ireland are active in te US and likely have less pay and conditions than they do in Ireland. The US should be fighting for better working conditions not giving out about corporate taxation, every country does their best to attract investment.
Oh no, how dare we incentivise business. So dramatic too.
They aren’t actually bringing in businesses. Companies just say they are headquartered in Dublin with a token officw while doing all their actual work overseas. Do you also believe that every US company is based out of Delaware?
But when people say this they always refer to these massive tech companies like Apple, Amazon, Meta, Twitter, Google, Microsoft etc. all of which employed loads here and have invested loads here.
And they are brining in revenue to the country, which is what we want from our government. To incentivise commerce and increase tax receipts.
Their self deprecating race to the bottom knows few limits.
