Potential Consequences of NSA spying to Ireland / Europe

RainyDay wrote: »

Ooohooo that's me told then, .

RainyDay wrote: »

Thanks for the effort, but really, do you think you're teaching anyone anything new here?

You can wrap up your investment or your spin all you like. The fact remains that putting an investment offshore does not avoid CGT. The Revenue lists of tax defaulters are full of accountants, and folks who were advised by accountants, maybe even some who were advised by Chartered Accountants. If you want tax advice, get a tax advisor. They're called 'Chartered Tax Advisors', not Chartered Accountants.

Recondite49 wrote: »

Christ you are a sore loser aren't you?

Let that butthurt flow through you... :-D

Rucking_Fetard wrote: »

Anyway, the Judge has sided with the prosecutors and ordered Microsoft to hand over the Data on the Irish Servers ANNNNNND, they're not giving it, Fair Play Microsoft. Their pushing for their appeal. No sign of Ireland/Europe to grow some nuts yet.:mad:

The Government has expressed serious concern about a US court order for Microsoft to hand over emails held on servers in Ireland to US prosecutors, saying it would create significant legal uncertainty about data protection in Europe.

Data Protection Minister Dara Murphy said the Government would be open to a request for the emails under the 2001 Mutual Legal Assistance Treaty, which governs the transfer of information in criminal cases.

But he described as "objectionable" the process being used, whereby a US court was making a direct order about data held in another jurisdiction.
"The possible implications of this ruling are very serious for Ireland and the European Union," Mr Murphy said.


"Compliance with the warrant may result in Microsoft, and any other US companies with operations in the EU which are served with such warrants in the future, being in breach of the Irish Data Protection Acts and the EU Data Protection Directive," he said.


The prospect of emails held in Ireland being handed over has drawn concern from technology companies - fearful of losing revenue from foreign customers worried that US law enforcement might win broad powers to seize their data.

industrialhorse wrote: »

Yes but Microsoft are dealing with America and don't pay any tax in America so no appeal is going to help win them this case:(

Reuters reports that plans for a major rewriting of international tax rules have been unveiled by the Organisation for Economic Co-operation and Development (OECD) that could eliminate structures that have allowed companies like Google and Amazon to shave billions of dollars off their tax bills. For more than 50 years, the OECD's work on international taxation has been focused on ensuring companies are not taxed twice on the same profits (and thereby hampering trade and limit global growth). But companies have been using such treaties to ensure profits are not taxed anywhere. A Reuters investigation last year found that three quarters of the 50 biggest U.S. technology companies channeled revenues from European sales into low tax jurisdictions like Ireland and Switzerland, rather than reporting them nationally.

For example, search giant Google takes advantage of tax treaties to channel more than $8 billion in untaxed profits out of Europe and Asia each year and into a subsidiary that is tax resident in Bermuda, which has no income tax. "We are putting an end to double non-taxation," says OECD head of tax Pascal Saint-Amans.For the recommendations to actually become binding, countries will have to encode them in their domestic laws or amend their bilateral tax treaties. Even if they do pass, these changes are likely 5-10 years away from going into effect.