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US rightwing use Ireland as its posterboy to get even lower taxes

2

Comments

  • Registered Users, Registered Users 2 Posts: 45,447 ✭✭✭✭ancapailldorcha


    20Cent wrote: »
    They are in prime locations. One would have to believe that a Starbucks coffee shop is the only business that could use that space. Not realistic.

    So there were plenty of coffee shops and all these spaces were generating profit?
    20Cent wrote: »
    Mostly the IFSC they are called brass plate or letter box companies. Located inIreland for tax purposes not employing anyone.

    Not true of all multinationals though.
    20Cent wrote: »
    If you think so.
    It's an example of a multinational using Ireland's tax laws contributing nothing, probably costing us money in fact. Fits in with the thread title.

    Income tax, VAT, property taxes, etc...

    The foreigner residing among you must be treated as your native-born. Love them as yourself, for you were foreigners in Egypt. I am the LORD your God.

    Leviticus 19:34



  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,947 ✭✭✭20Cent


    Permabear wrote: »
    This post had been deleted.

    Coffee shop was just an example. These are prime spaces being used by a company that paid 4.5k tax last year. If these were used for anything else that would generate more returns than that it would be of more benefit to the country than this particular chain. Multinationals are not necessarily a net gain for the country.


  • Registered Users, Registered Users 2 Posts: 8,947 ✭✭✭20Cent


    So there were plenty of coffee shops and all these spaces were generating profit?
    So these spaces would be left empty star-bucks is the only business that would use them?
    Not true of all multinationals though.
    Didn't say all.
    Income tax, VAT, property taxes, etc...
    [/quote]
    4.5k income tax. Any tenant would pay the rest.


  • Registered Users, Registered Users 2 Posts: 3,674 ✭✭✭Mardy Bum


    Permabear wrote: »
    This post had been deleted.

    Very persuasive but utter rhetoric. A cafe is a cafe whether it sells tea or coffee. We have always had cafes. Starbucks have the prime real estate and cafes as a business are only viable in a few select areas. That is why cafes constantly close and someone else tries to open the place and also inevitably fail (which is similar to bars and restaurants).
    Starbucks lie about not making any profit despite their prime locations. Starbucks aim is to monopolise the market on any street they set up on by setting up another Starbucks in close proximity. How can any Irish company survive if the only place they can set up is in the Crumlin shopping centre?


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  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,947 ✭✭✭20Cent


    Permabear wrote: »
    This post had been deleted.

    You are either being disingenuous or dumb. Not all multinationals are necessarily a good thing. In some cases our tax laws are causing disadvantage to Irish companies and the Irish taxpayers. Can't make it clearer. Go back to telling us how Starbucks invented coffee or some such.


  • Closed Accounts Posts: 2,703 ✭✭✭IrishTrajan


    20Cent wrote: »
    You are either being disingenuous or dumb. Not all multinationals are necessarily a good thing. In some cases our tax laws are causing disadvantage to Irish companies and the Irish taxpayers. Can't make it clearer. Go back to telling us how Starbucks invented coffee or some such.

    I am not sure if you're being wilfully ignorant or not. Does Starbucks pay wages? Does Starbucks pay rent? If the answer to these questions is yes, then they're providing a direct benefit to the economy.

    You like to say anyone else could replace them - then why, pray tell, didn't someone set up Starbucks here before Starbucks even came here?


  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 3,674 ✭✭✭Mardy Bum


    Permabear wrote: »
    This post had been deleted.

    I think all anyone is asking is that they pay their tax fairly like the vast majority of people. As pointed out in this thread there are US corporations masking themselves as charities and buying property and not paying tax on it.
    We all have to pay tax , the government still have FEMPI enacted and have used it just today against tens of thousands of public sector employees. If these companies actually paid what they owe there would be very few people giving out.


  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,947 ✭✭✭20Cent


    Permabear wrote: »
    This post had been deleted.

    If you are going to quote someone don't leave out parts of a sentence to change the meaning. What is the point of doing that!!!!!!


  • Registered Users, Registered Users 2 Posts: 3,674 ✭✭✭Mardy Bum


    Permabear wrote: »
    This post had been deleted.

    Well you see there is the rub. The people working for these companies are a lot smarter than you average td so I have little faith in this ever being addressed (see DOB).

    What do you make of Starbucks 4.5k corporation tax collection?


  • Registered Users, Registered Users 2 Posts: 10,115 ✭✭✭✭Junkyard Tom


    Does Starbucks pay wages? Does Starbucks pay rent? If the answer to these questions is yes, then they're providing a direct benefit to the economy.

    That's laughably simplistic reasoning.


  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,639 ✭✭✭feargale


    If lowering taxes to attracts more business to the country results in more jobs here I'm all for it.

    More jobs means more income , means more spending, means more tax being generated.

    If people in other countries don't like it then tough ****.

    You don't see the long game. Think below cost selling. Ultimately the consumer pays more when the competitor is put out of business and the survivor has the customer by the cobblers.
    And this "tough****" attitude reflects no credit, whether coming from an individual or a state. In the long run it offers neither luck nor grace. Pirates can only be defeated by concerted action.


  • Closed Accounts Posts: 2,703 ✭✭✭IrishTrajan


    That's laughably simplistic reasoning.

    Because we're dealing with laughably simplistic people. It was put in more eloquent terms by others in this thread yet the message didn't sink in.


  • Registered Users, Registered Users 2 Posts: 8,947 ✭✭✭20Cent


    Looked up Mars Capitals address.
    It's a po box.
    Maybe they are employing tiny people to work in there.

    http://www.marscapital.ie/contact-us/


  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 4,990 ✭✭✭TheDoctor


    Which they counter balance by having very low income tax rates in the US.

    Sanders proposed a 52% rate on incomes over $10,000,000 and was labelled a communist!


    Current highest rate of income tax in the US is 39.6% on income over $464,000


  • Closed Accounts Posts: 7,631 ✭✭✭Dirty Dingus McGee


    feargale wrote: »
    You don't see the long game. Think below cost selling. Ultimately the consumer pays more when the competitor is put out of business and the survivor has the customer by the cobblers.
    And this "tough****" attitude reflects no credit, whether coming from an individual or a state. In the long run it offers neither luck nor grace. Pirates can only be defeated by concerted action.

    Which Irish companies are really in competition with Apple,Microsoft,Intel,Dell etc and all the multinational financial services companies that operate in Ireland.


  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 8,947 ✭✭✭20Cent


    Permabear wrote: »
    This post had been deleted.

    Have named other multinationals and business areas but since you even edit quotes from me pointless continuing.


  • Registered Users, Registered Users 2 Posts: 5,087 ✭✭✭Potatoeman


    All the US need to do is force companies to pay their tax over there. They don't need us to do anything.


  • Closed Accounts Posts: 38,989 ✭✭✭✭Permabear


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  • Registered Users, Registered Users 2 Posts: 11,349 ✭✭✭✭Foxtrol


    Permabear wrote: »
    This post had been deleted.

    They also have city taxes too in certain (NYC is another 4% at the top end). US definitely has low rate of income tax but 39.6% at the high level is misleading.

    There really seems to be a disconnect between some posters see as a) where the companies are avoiding taxes and b) who wins if they do.


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  • Registered Users, Registered Users 2 Posts: 8,947 ✭✭✭20Cent


    Main story on RTE news tonight, accounting shenanigans by some multinationals causing our GDP to rise 26%. This of course is no benefit to the citizens of Ireland just to these tax dodgers. Then our contribution to the eu goes up by 280 million because of it! 1.4 million over the next four years.
    Some multinationals provide jobs etc but some real deadweight there too contributing nothing and actually costing the taxpayers of this country.


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