Reclaim our Natural Resources - end the recession!

Scofflaw

clouds wrote: »

When you've finished laughing Scofflaw can you explain what's the difference between the profits of the 'field' and the 'company'.

Profits from the field are profits earned directly from the sale of gas from Corrib. Profits from the company are profits on any other operations of the company in Ireland.

clouds wrote: »

And why 25%? I though the 12.5% rate was what all the commotion is about.

The 12.5% rate doesn't apply to certain companies or types of earnings. If the earnings of a company are from sources like dividends or petroleum exploitation profits, the company pays 25% corporation tax. The 25% profit tax on the field is separate to that.

cordially,
Scofflaw

clouds

Thanks for that.

Though the 25% tax on company profits does not directly relate to the Western gasfield really so shouldn't be included as a benefit accrued to the people from that.

Scofflaw

clouds wrote: »

Thanks for that.

Though the 25% tax on company profits does not directly relate to the Western gasfield really so shouldn't be included as a benefit accrued to the people from that.

That's a fair point.

cordially,
Scofflaw

mute101

whatstherush wrote: »

Thats some homework, giving a bribe 15 years before you expect a pay off.
And you call me naive.

They didnt expect the Rossport 5 and co to put up such a struggle and delay things so much, especially with all the 'local' bribes they handed out. Im not being naive about this.

Duke Leonal Felmet

mute101 wrote: »

They didnt expect the Rossport 5 and co to put up such a struggle and delay things so much, especially with all the 'local' bribes they handed out. Im not being naive about this.

zzzzzz