Irish Tax complicity to end?

Spursex

Spursex

Alert Team
http://www.irishtimes.com/business/economy/analysis-ireland-now-caught-in-multinational-tax-row-1.2772940

I can't help but chuckle at this; what other state in the World would refuse a 13 billion payment from a global company?!

We've argued here for years here what Ireland has been doing is tantamount to allowing global tech companies to evade European based taxes - and now it seems the EU thinks so to...

This is set to run and run, and either the EU is being extremely stupid - there is little doubt that if they go after the other big US tech companies that wash their European profits through Ireland - that the EU would force Ireland to threaten 'Irexit'...

Can anyone seriously see Apple et al simply ever saying , "ok then you have us bang to rights, we'll pay up!"..

Or Ireland could of course bend over to the EU and enforce their demand to end the 'sweetheart' deals they've so long established with US (and others) companies...

I look forward to welcoming Ireland into the UK/freetrade European zone in due course... :17:
 
Spursex - 30/8/2016 12:12

http://www.irishtimes.com/business/economy/analysis-ireland-now-caught-in-multinational-tax-row-1.2772940

I can't help but chuckle at this; what other state in the World would refuse a 13 billion payment from a global company?!

We've argued here for years here what Ireland has been doing is tantamount to allowing global tech companies to evade European based taxes - and now it seems the EU thinks so to...

This is set to run and run, and either the EU is being extremely stupid - there is little doubt that if they go after the other big US tech companies that wash their European profits through Ireland - that the EU would force Ireland to threaten 'Irexit'...

Can anyone seriously see Apple et al simply ever saying , "ok then you have us bang to rights, we'll pay up!"..

Or Ireland could of course bend over to the EU and enforce their demand to end the 'sweetheart' deals they've so long established with US (and others) companies...

I look forward to welcoming Ireland into the UK/freetrade European zone in due course... :17:
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Yeahh ?!!!Some advice don't leave the punch out at that welcome party you got planned it may go off. An alternative suggestion: the Irish (enthusiastic member state of the EU) will send a bunch of lawyers into a dark room with some corporate counterparts and EU bods, and a substantially less punitive agreement will be reached. Followed by some tweaks to Irish Tax regulations that all concerned can live with. I know which I see as more likely, but if you need help cutting the bread into triangles gimme a heads up I got your back. :14:
 
That's possible. It will hinge on the EU's determination to level the playing field from a tax perspective vs. the Irish wanting to keep their economy ticking over. If the EU bypass the Irish due to deliberate complacency and directly penalize the corporations involved things could get interesting.

Should take at least a couple of years to sort out....if not 10.





 
Very likely 10, 80 but after the politicos finish posturing the money will talk and a deal will be struck. The EU are clearly going to restructure post getting shot of us, this will be the first of many such re-positionings both in terms of economic and fiscal policy. However the Irish administration has zero interest in any king of alignment with the English and believe deeply in the "project"
 
spurdon - 30/8/2016 22:50

Very likely 10, 80 but after the politicos finish posturing the money will talk and a deal will be struck. The EU are clearly going to restructure post getting shot of us, this will be the first of many such re-positionings both in terms of economic and fiscal policy. However the Irish administration has zero interest in any king of alignment with the English and believe deeply in the "project"
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Rather ironic isn't it.
 
Spursex - 30/8/2016 12:12

This is set to run and run, and either the EU is being extremely stupid - there is little doubt that if they go after the other big US tech companies that wash their European profits through Ireland - that the EU would force Ireland to threaten 'Irexit'...

Can anyone seriously see Apple et al simply ever saying , "ok then you have us bang to rights, we'll pay up!"..

Or Ireland could of course bend over to the EU and enforce their demand to end the 'sweetheart' deals they've so long established with US (and others) companies...

I look forward to welcoming Ireland into the UK/freetrade European zone in due course... :17:
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I too was laughing at the news 'EX', THE EU INTERFERING WITH A SOVEREIGN Country's tax laws and policy? SURELY the Irish would not tolerate that. I could see trouble coming over this too and it could 'run and run' as you say.

I said to my wife yesterday "Maybe the Irish will object and ditch the EU like Britain". After the upturn in the markets etc etc with the Brexit news maybe other countries will become negative to the EU. EIREXIT NEXT? OK unlikely but a thought.....
 
80deg16minW - 31/8/2016 02:29

spurdon - 30/8/2016 22:50

Very likely 10, 80 but after the politicos finish posturing the money will talk and a deal will be struck. The EU are clearly going to restructure post getting shot of us, this will be the first of many such re-positionings both in terms of economic and fiscal policy. However the Irish administration has zero interest in any king of alignment with the English and believe deeply in the "project"
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Rather ironic isn't it.
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...and then some.

The EU commission: "do as you are told"

Ireland: "but we're a sovereign state that can set it's own tax policies!"

EU commission: "ha ha ha ha - who told you that?!"


Ireland: " we've signed no fiscal or tax treaty in the EU "

The commission: "do as you're told or we'll fine and sanction you too"..



Ireland: "we'll appeal to a higher authority rather than one of the unelected five presidents, I repeat we're a sovereign state!!"

The commission: " in our World, you do as we tell you to, no if's no buts, no backsliding.."

Ireland: " but of we enforce this ruling we'll lose every global company that's set up it's tax and admin base in Ireland - that's as much as 250,000 related jobs!"

The EU: "tough, do as you're told".



What an absolute mess.
 
This is heating up over here. The EU's hegemony has offended the American sense of independence.
 
maybe Ireland should not have made a business model that facilated tax evasion. the more debt other countries get into, the more we will see of this cracking down.
 
Spurfect11 - 27/9/2016 09:20

maybe Ireland should not have made a business model that facilated tax evasion. the more debt other countries get into, the more we will see of this cracking down.
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They is many a time when this whole issue has been discussed here, and I've always maintained that whilst Ireland is free to do as it sees fit as they've signed no EU wide tax treaty, essentially what they done is pretty immoral and they do now have a moral dilemma; close the purposeful loopholes that promotes this practice and risk losing what will be close to a 250,000 jobs that are attached to or reliant on the practice, or of course simply look at the US corporations and say "we're still a great place and highly professional skilled workforce in place and you've no need to leave/reduce investment.."..an argument they might just win on, as long as we then don't step into the breach :10:
 
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