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I never claimed to be clever .....

  • 22-09-2009 9:09pm
    #1
    legal-eagle
    Registered Users, Registered Users 2 Posts: 66 ✭✭


    I have no clue about corporate taxiation, FDI etc, however, why doesn't the government offer large multinationals tax free status if they employ over 10,000 people in ireland, with as many as possible employees being taken from the live register.

    Think about it, it would be thousands of people not claiming the dole AND paying taxes, thus reverse the stem. This probably sounds completely stupid but could someone explain why?


Comments

  • #2
    Hasschu
    Registered Users, Registered Users 2 Posts: 411 ✭✭Hasschu


    The world has a surplus of goods and services. Companies are losing money with few exceptions. No profit, no tax payable so no benefit from tax free status. Gov'ts are now doling out billions to prop up ailing manufacturers and banks around the world. Ireland will default on its sovereign debt if the ECB slows the flow of funds to our banks. Our gov't has to pull up its socks, pull in its horns and tighten its belt. This means the citizens are in for an equeally rough ride.


  • #3
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    I'm pretty sure the Government couldn't offer tax free status due to EU regulations (which also benefit us because they stop other countries from doing the same trick and tempting businesses away from Ireland).

    Basically, it's a bad idea because it means you get a race to the bottom with Ireland and the other smaller countries offering better and better tax breaks to business meaning less and less money going into the Exchequer.


  • #4
    amen
    Registered Users, Registered Users 2 Posts: 2,781 ✭✭✭amen


    why doesn't the government offer large multinationals tax free status if they employ over 10,000 people in ireland, with as many as possible employees being taken from the live register

    exactly what the government did the 60's and 70's. When the unemployments figures increased state owned companies such as P&T (Eircom), ESB etc would employ people thus reducing the unemployment figures even when there was often no work for them.


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