The Irish are ripping off US taxpayers!!!

Snickers Man

The prestigious Wall St Journal this week wrote a front page article which criticised Ireland for allowing US software companies to avoid American tax by setting up perfectly legal tax vehicles to allow Intellectual property assets to be taxed at low Irish Corporate tax rates.

Just how low an opinion they have of this can be gleaned from the following quote in the article.

Microsoft's Irish venture is part of a historic emigration of U.S.
intellectual capital, a cornerstone of the modern American economy, to
an island that once sent millions of famine-wracked migrants to
America

Great huh? These goddam paddies send us a million smelly famine victims and now we send them all our hard earned tax revenues.

Looks like globalisation is not something the WSJ wholeheartedly approves of when it comes back to bite them in the ass.

bonkey

Whats equally important is that the Irish are not ripping off US taxpayers, even given what you've described.

American Corporations are using Irish law to avoid paying taxes back home. The corporations are the ones doing the ripping off.

We're just making it possible

You know the old saying...you can lead a horse to water, but you can't make it drink? The WSJ complaint seems to be that the horse has chosen to drink the cleaner water that we're offering it. Is it our fault that their water (tax system) isn't as appealing as ours? Is ti our fault that the horse chooses to drink?

Bollox it is.

And lets not forget that with some very rare exceptions, all of the "Intellectual Capital" that the US is exporting.....was imported in the first place.

jc

Sponge Bob

bonkey wrote:

The corporations are the ones doing the ripping off.

Think of the amount of US corporations with their 'Head Office' in Bermuda and where Delaware is where they prefer to reconise state law even if the real decisions and operations are in New York state .The corporations just shop around for 'tax systems' and dont give a damn about the US economy or its people.

Think of the amount of tax dodging US corporate chairmen and chief execs who have received a warm wet lick of approval from the purring WSJ in the past .

Morons , let them suck my *** *** *** **** ** ******** !

Solair

So they're suggesting that we remain smelly, famine ridden and stick to providing good quality boxes for MS windows CDs?

That's a really imperialist attitude! What will they propose next? Navigation Acts Mark II ?

fly_agaric

bonkey wrote:

American Corporations are using Irish law to avoid paying taxes back home. The corporations are the ones doing the ripping off.

Repeat after me. The holy American multinational corporations would never screw over the country that gave birth to them for money. It's all the fault of those dirty for'ners (the Chinese, the Irish) doing the US down.:D

"We have a very real business" in Ireland, said Michael Doyle, a Microsoft tax lawyer at its headquarters in Redmond, Wash."

Really now! You expect us to believe you are actually employing those filthy potato-sucking micks to do a days work for you?