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Facebook allowing removte working is the end of our tech boom.

  • 10-06-2021 11:41am
    #1
    Registered Users Posts: 645 ✭✭✭ Fred Cryton


    Facebook allowing workers to live in around 7 other European countries will officially mark the end of the Dublin tech boom.


    Who would want to pay the crazy Irish marginal rate of tax to fund a welfare class. Who would want to pay the high rents due to DCC hoovering up all supply to house that welfare class. And who would want to put up with that welfare class running amok in Dublin with anti-social behaviour.



    Our trump card (of tech employees having to live and work in Ireland and pay income taxes here) is now gone. Party is over folks.


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Comments

  • Registered Users Posts: 1,882 ✭✭✭ Smee_Again


    Can you post without mentioning welfare?

    As long as Facebook and other MNCs have their HQs etc here they will continue to hire staff locally.


  • Registered Users Posts: 645 ✭✭✭ Fred Cryton


    Smee_Again wrote: »
    Can you post without mentioning welfare?

    As long as Facebook and other MNCs have their HQs etc here they will continue to hire staff locally.


    They will hire for the Dublin office but those employees won't have to be living here or paying income taxes here. Get it?


  • Registered Users Posts: 2,861 ✭✭✭ Former Former Former


    Facebook will allow you to move country. Great.

    Facebook will also modify your T&C to reflect your new country of residence. Let's see how that sits with some people.


  • Registered Users Posts: 645 ✭✭✭ Fred Cryton


    Facebook will allow you to move country. Great.

    Facebook will also modify your T&C to reflect your new country of residence. Let's see how that sits with some people.


    It will sit fine with many people, especially if London is on the list of cities to live. If you're Italian, why live in Dublin and pay more taxes and same rent as London?


  • Registered Users Posts: 1,882 ✭✭✭ Smee_Again


    They will hire for the Dublin office but those employees won't have to be living here or paying income taxes here. Get it?

    That causes a lot of headaches for employers, contracts will state that employees need to be tax resident in the country of employment.

    Problem solved.


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  • Registered Users Posts: 10,421 ✭✭✭✭ Thelonious Monk


    Did you ever think of emigrating Fred?


  • Registered Users Posts: 645 ✭✭✭ Fred Cryton


    Smee_Again wrote: »
    That causes a lot of headaches for employers, contracts will state that employees need to be tax resident in the country of employment.

    Problem solved.


    No, they've just said it's fine to move to 7 designated European countries, presumably because they are able to handle 7 other tax systems.


  • Registered Users Posts: 3,188 ✭✭✭ brainboru1104


    Facebook allowing workers to live in around 7 other European countries will officially mark the end of the Dublin tech boom.


    Who would want to pay the crazy Irish marginal rate of tax to fund a welfare class. Who would want to pay the high rents due to DCC hoovering up all supply to house that welfare class. And who would want to put up with that welfare class running amok in Dublin with anti-social behaviour.



    Our trump card (of tech employees having to live and work in Ireland and pay income taxes here) is now gone. Party is over folks.

    Don't worry, they'll just raise income taxes on the middle class who are trapped here.

    That's the Irish way of doing things.


  • Registered Users Posts: 1,882 ✭✭✭ Smee_Again


    No, they've just said it's fine to move to 7 designated European countries, presumably because they are able to handle 7 other tax systems.

    So he did, I missed that.

    The Indo are also reporting that he said
    that staff in the company’s office must be present more than half fo (sic) the time.

    Hard to call how much impact this will have.


  • Registered Users Posts: 645 ✭✭✭ Fred Cryton


    Smee_Again wrote: »
    So he did, I missed that.

    The Indo are also reporting that he said

    Hard to call how much impact this will have.


    No it's a choice. You can either work in one of the 7 designated Euroepan counties, or for those who choose to stay in ireland they must be in the office at least half the time.



    There is absolutely no way non-Irish will choose to live in Dublin and pay the rent and taxes here. This will have a huge impact.


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  • Registered Users Posts: 17,888 ✭✭✭✭ Del2005


    It will sit fine with many people, especially if London is on the list of cities to live. If you're Italian, why live in Dublin and pay more taxes and same rent as London?

    They will reduce the pay to match the country that you are resident in, companies have already dropped pay for people working from home due to no commuting costs.

    The only reason why London pays more than Dublin is because of cost of living, so if you are living in Italy you'll get Italian pay not Irish pay.


  • Registered Users Posts: 11,725 ✭✭✭✭ wes


    Tech companies have always been able to set up offices in other countries. Letting employees work remotely from other countries doesn't really change that. They could have easily setup offices anywhere as needed, before now.


  • Registered Users Posts: 19,802 ✭✭✭✭ suicide_circus


    Theyre hear until the corpo tax goes up


  • Registered Users Posts: 3,188 ✭✭✭ brainboru1104


    Some people are seriously in a complete state of denial about how working practices are going to change, going forward.

    You can see it in their responses, they'll say absolutely anything to deny the truth.

    It's genuinely hilarious.


  • Registered Users Posts: 30,629 ✭✭✭✭ listermint


    It will sit fine with many people, especially if London is on the list of cities to live. If you're Italian, why live in Dublin and pay more taxes and same rent as London?

    London is a third country outside the EU .

    Frankly why anyone would move there right no I've no idea. the UK is a basket case.


  • Registered Users Posts: 25,382 ✭✭✭✭ GreeBo


    No, they've just said it's fine to move to 7 designated European countries, presumably because they are able to handle 7 other tax systems.

    That's because Facebook are already tax resident in those countries, the employee isn't.

    It isn't the end of anything, very few other companies are currently or willing to be in this position.


  • Registered Users Posts: 15,686 ✭✭✭✭ VinLieger


    GreeBo wrote: »
    That's because Facebook are already tax resident in those countries, the employee isn't.

    It isn't the end of anything, very few other companies are currently or willing to be in this position.


    Indeed the amount of work for a financial team required to run such a scheme is only possible by companies on a level similar to facebooks which is few and far between of any of our major big tech companies.

    People who are calling this the end times are not aware of the complications and massive overheads involved in such scheme.


  • Registered Users Posts: 3,188 ✭✭✭ brainboru1104


    GreeBo wrote: »
    That's because Facebook are already tax resident in those countries, the employee isn't.

    It isn't the end of anything, very few other companies are currently or willing to be in this position.

    Big tech can, which are huge employers in Dublin. Those of us working for Irish companies can still opt to leave Dublin, as many of my work colleagues have already done.

    Stop living in denial.


  • Registered Users Posts: 710 ✭✭✭ TefalBrain


    Facebook allowing workers to live in around 7 other European countries will officially mark the end of the Dublin tech boom.


    Who would want to pay the crazy Irish marginal rate of tax to fund a welfare class. Who would want to pay the high rents due to DCC hoovering up all supply to house that welfare class. And who would want to put up with that welfare class running amok in Dublin with anti-social behaviour.



    Our trump card (of tech employees having to live and work in Ireland and pay income taxes here) is now gone. Party is over folks.

    Is it actually possible for you to write a single post without referring to welfare, social housing etc...

    It's actually pathetic at this stage pal.


  • Registered Users Posts: 2,936 ✭✭✭ irelandrover


    Some people are seriously in a complete state of denial about how working practices are going to change, going forward.

    You can see it in their responses, they'll say absolutely anything to deny the truth.

    It's genuinely hilarious.

    What have Facebook actually changed with this announcement?

    You were always able to transfer from one Facebook office to another, you still need to be in the office 2 days a week so you still need to live in the more expensive cities because that's where Facebook have their offices.

    This looks like a great headline from them but doesn't really change anything. You wont be able to work from a beach on the south coast of Spain if you need to be in the centre of Madrid 2 days a week.


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  • Registered Users Posts: 645 ✭✭✭ Fred Cryton


    GreeBo wrote: »
    That's because Facebook are already tax resident in those countries, the employee isn't.

    It isn't the end of anything, very few other companies are currently or willing to be in this position.


    If it offers Facebook a competitive advantage, then that will be the direction of travel for the industry.



    Not saying it will happen overnight but there will be significant medium term impact. We certainly cannot compete when it comes to rent, income tax or weather.


  • Registered Users Posts: 645 ✭✭✭ Fred Cryton


    TefalBrain wrote: »
    Is it actually possible for you to write a single post without referring to welfare, social housing etc...

    It's actually pathetic at this stage pal.


    Did you ever wonder where the money for all that welfare came from? Probably thought it fell from the sky?


  • Registered Users Posts: 46 talulon


    Compensation will also be adjusted to place of residence so maybe not so good? https://www.bbc.com/news/business-56759151


  • Registered Users Posts: 319 ✭✭ HGVRHKYY


    Del2005 wrote: »
    They will reduce the pay to match the country that you are resident in, companies have already dropped pay for people working from home due to no commuting costs.

    The only reason why London pays more than Dublin is because of cost of living, so if you are living in Italy you'll get Italian pay not Irish pay.

    London is a global financial center, along with the likes of New York, Tokyo, Shanghai. All massive cities with huge populations. London pays more than Dublin for more than just COL, there are many more roles in all areas available there and they get the best talent from the likes of Oxbridge who are ranked amongst the top universities in the world. But then these are all contributors towards the COL of course


  • Registered Users Posts: 30,629 ✭✭✭✭ listermint


    Big tech can, which are huge employers in Dublin. Those of us working for Irish companies can still opt to leave Dublin, as many of my work colleagues have already done.

    Stop living in denial.

    Nothing has changed with this at all.

    There's denial and there informed. You'll be moving tax code as you can always do with Facebook. To one of their local jurisdictions. The reality is that local jurisdiction will qualify for whatever the going rate is for that HR. So I also wouldn't expect to maintain the same pay. There's winners out of these announcements and its rarely the employee.


  • Registered Users Posts: 46 talulon


    Del2005 wrote: »
    They will reduce the pay to match the country that you are resident in, companies have already dropped pay for people working from home due to no commuting costs.

    The only reason why London pays more than Dublin is because of cost of living, so if you are living in Italy you'll get Italian pay not Irish pay.

    This is not completely true. American tech companies pay higher salaries here in Ireland compared with the cost of living and in some cases just higher salaries in order to attract people to work in this country.


  • Registered Users Posts: 30,629 ✭✭✭✭ listermint


    HGVRHKYY wrote: »
    London is a global financial center, along with the likes of New York, Tokyo, Shanghai. All massive cities with huge populations. London pays more than Dublin for more than just COL, there are many more roles in all areas available there and they get the best talent from the likes of Oxbridge who are ranked amongst the top universities in the world. But then these are all contributors towards the COL of course

    London is dropping financial jobs like flies . It's lost trillions in investment. Unless the equivalency is recognised with the EU then this change is permanent. The writings on the wall.


  • Registered Users Posts: 710 ✭✭✭ TefalBrain


    Did you ever wonder where the money for all that welfare came from? Probably thought it fell from the sky?

    There you go proving my point.

    I heard it's people on welfare that are causing global warming and cancer. Also a lad in Tallaght on the dole invented Covid19 in his back shed whilst drinking cans of Dutch Gold :eek:


  • Registered Users Posts: 237 ✭✭ RulesOfNature


    Del2005 wrote: »
    They will reduce the pay to match the country that you are resident in, companies have already dropped pay for people working from home due to no commuting costs.

    The only reason why London pays more than Dublin is because of cost of living, so if you are living in Italy you'll get Italian pay not Irish pay.
    Who is doing this?

    It sounds like absolute cancer, and would be the cause for severe kneecapping violence in another time.


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  • Registered Users Posts: 3,188 ✭✭✭ brainboru1104


    listermint wrote: »
    Nothing has changed with this at all.

    If you read past my first sentence you would realise that a lot has changed.


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