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So I heard someone talking...

  • 08-02-2011 2:02pm
    #1
    Registered Users, Registered Users 2 Posts: 2,174 ✭✭✭


    Please correct me if any of this is wrong:

    Irish corporation tax is 12.5% but German and France are trying to change European Law so that any corporation's exports are taxed at the receiving country's tax this means that any exports from Ireland to France will be taxed at French rates. The only reason 90% of multi-nationals are here is because of our low tax rate.

    Does this mean that we are boned?
    Will this affect the IT sector seeing as you could argue that the service is still provided in Ireland?
    Apart from the pharmaceutical sector what other big industries will be badly affected?
    Have I taken this all the wrong way and I have nothing to worry about?


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