Kermit.de.frog wrote: »
Check out the front of tomorrow's FThttp://cf.broadsheet.ie/wp-content/uploads/2021/06/E3YsoqjWQAAsz4H.jpg
The Brits want an exception of course.
Geuze wrote: »
Note that all Apple profits are eventually taxed in the USA.
These seismic tax reforms are something the UK has been pushing for and a huge prize for the British taxpayer – creating a fairer tax system fit for the 21st century.
This is a truly historic agreement and I’m proud the G7 has shown collective leadership at this crucial time in our global economic recovery.
Nijmegen wrote: »
Why would it take them years? Tik Tok went from 20 to 1,100 employees in Ireland in 1 year, according to their own press release. They've since taken more office space that will accommodate up to 2,000 staff. Now, that's a contraindication to the idea that they'll pull out of Ireland, but this situation will evolve over time. I guess my point is that MNCs can move very quickly when it suits them. See also those that pulled out of Ireland for lower cost domains in the past.
fly_agaric wrote: »
Given the negative attention TikTok has attracted in past from Western countries incl. the US as regards how it handles data I wonder is it very important [to TikTok] that our very weak & company friendly DPC is handling it? They're hardly likely to ever set up in Germany I think!
Although data protection is potentially another area where a light touch approach to suit the companies may eventually result in Ireland being bypassed by others finally getting p-eed off.
Nijmegen wrote: »
You could be right and this speaks to the idea that it's not all linear - we have a strong basis to lay claim to be a great place to invest if tax is no longer the leading indicator. So there are investments we will win - and keep - because of that, or because it's too much hassle to just unwind your existing investment, etc. But new investments - from new companies or those here thinking of scaling up - will be more of a competition than an automatic win on tax, and all the other non-competitive stuff (namely, our humungous cost of living and wage costs) will hurt us extremely badly.Again, no real acknowledgement of this or how to handle it from policymakers.
blackwhite wrote: »
Who'd have thought that Boris Johnson's Government would agree to something, and then immediately start demanding changes and exemptions from what they agreed? :pac:
But new investments - from new companies or those here thinking of scaling up - will be more of a competition than an automatic win on tax, and all the other non-competitive stuff (namely, our humungous cost of living and wage costs) will hurt us extremely badly.
McGiver wrote: »
How does Denmark or Norway attract FDI despite massive labour costs and cost of living?
Experts say an unprecedented rise in demand for electricity coupled with the growing needs of data centres raise the likelihood of power shortages and risk making Ireland less attractive as a destination for multinational firms
“The availability of high-quality, competitively priced and resilient water and energy supplies is vital to enable IDA Ireland to continue to attract high levels of foreign direct investment. This would include resource-intensive clients in the life sciences and technology sectors.
NIMAN wrote: »
We are the only English speaking country in the EU, surely that has to be some sort of selling point?
Plus, if all countries agree and actually charge the same CT, why would these companies up sticks and leave if the CT is going to be exactly the same in the country they are moving to? They could avoid moving and set up costs by staying here.
listermint wrote: »
How many times do you have to be pulled up on your quality of life nonsense. On all indicators internationally Ireland performs hugely positively on quality of life. Your consistent baseless negativety that completely contracts the numerous international studies on this subject is astounding.
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