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Brexit discussion thread II

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Comments

  • Closed Accounts Posts: 1,739 ✭✭✭solodeogloria


    demfad wrote: »
    I could see them asking for an extension or suspension of A50. In fact I think this and a messy no-deal hard Brexit are the two most likely scenarios.

    There wont be a bespoke transition deal after the leaks about May's plans for immigrants. There can't really be a true transition deal as the UK Gov is still divided 3 ways on where it is going.

    The truth is that A50 as a tool is not fit for purpose, never was meant to be used. They made a mess of using it but they could focus on it and ask for leniency.

    If the Tory party is truly under the control of the loony hard Brexiter MPs and the corrupt crew associated with the Legatum Institute then they will go off the cliff. Some of them will make a pretty penny out of it.

    Good evening!

    Admittedly I'd much much rather just leave if it was a case of extending Article 50.

    Transitional terms to arrange a good deal would be helpful best outcome. I'm not 100% convinced that leaving without would be the apocalypse that some describe on this thread.

    Status quo forever is what the hard remainers want. It would be much better to leave and to begin making the adjustments necessary to thrive outside the EU rather than uncertain limbo for years and years.

    Much thanks,
    solodeogloria


  • Registered Users, Registered Users 2 Posts: 30,958 ✭✭✭✭blanch152


    Samaris wrote: »
    I don't see anyone actively voting against it, although I could well see countries firmly insisting that Britain doesn't get all its sweetheart deals back. It joins at the same level of everyone else or no dice. Ireland might cave on that, we have most to lose after Britain itself, but I don't see all 26 spontaneously agreeing to let Britain back in at exactly the same privileged place it had before after all this.

    There would be a few differences for the UK if they rejoined - they would have to join the Euro and Schengen as their exemptions would have lapsed when they left.

    They would also lose the special UK rebate as it would also have lapsed.


  • Registered Users, Registered Users 2 Posts: 1,558 ✭✭✭Gerry T


    oscarBravo wrote:
    That's nice, but it's not what I asked you for. I asked for the legal basis for a 2% tax on corporate profits.


    I may be wrong but my understanding is this is a case of misunderstanding. IRL tax rules charges tax on income derived in the country. So if Apple "moves" money from say UK or France business transactions to IRL then that income is not subject to tax in IRL. Only revenue generated by the IRL Apple entity. The assumption being UK or France will tax the revenue on income in their territory. But they don't as their tax rules are different to ours. So if you look at the combined revenue generated in IRL plus UK and set against the tax paid in IRL on ONLY the IRL revenue you come up with a silly 2%. I might be wrong but it might explain the statistic"


  • Registered Users, Registered Users 2 Posts: 34,438 ✭✭✭✭listermint


    Good evening!

    Admittedly I'd much much rather just leave if it was a case of extending Article 50.

    Transitional terms to arrange a good deal would be helpful best outcome. I'm not 100% convinced that leaving without would be the apocalypse that some describe on this thread.

    Status quo forever is what the hard remainers want. It would be much better to leave and to begin making the adjustments necessary to thrive outside the EU rather than uncertain limbo for years and years.

    Much thanks,
    solodeogloria


    Why do you keep talking about the apocalypse some describe on this thread.

    The down turn in the UK is already in full swing just as was outlined before the vote.

    The only person describing falsehoods is you. The UK is heading into a recession of its own making. It's kinda laudable but equally saddening that you would stick with cheer leading it on. Even many brexiters don't agree with your current sentiment


  • Moderators, Business & Finance Moderators Posts: 10,880 Mod ✭✭✭✭Jim2007


    Macron made it clear to the Brits that Article fifty can be revoked.

    It does not matter what the politicians say. It is a legal matter, there is no provision in the treaties to allow it to be revoked. You can't continue the relationship on that basis only for the ECJ to toss it out at a later stage.

    BREXIT is going to have to happen from a legal point of view, it's a given. The question is what happens on 01.04.2019, reapply for EU membership, apply for EFTA/EEA membership, ???


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  • Technology & Internet Moderators Posts: 28,851 Mod ✭✭✭✭oscarBravo


    Why don't you go looking up legislation yourself?
    Because I'm not the one claiming that Apple pay 2% tax.

    You clearly believe this to be the case, which means you either believe that there's a provision in the Irish tax code for paying 2% on corporate profits; or you believe that Revenue are complicit in tax evasion.

    It's a simple question: which is it?


  • Moderators, Business & Finance Moderators Posts: 10,880 Mod ✭✭✭✭Jim2007


    If talks collapse and the UK has no deal then they will not leave in March 2019.
    It would be economic suicide to do so.

    I think this has been the plan all along from May.

    It will not be their choice to make! It will be solely up to the EU to decide to pull the plug or not. Some plan!


  • Registered Users, Registered Users 2 Posts: 3,135 ✭✭✭Peter Flynt


    Jim2007 wrote: »
    It does not matter what the politicians say. It is a legal matter, there is no provision in the treaties to allow it to be revoked. You can't continue the relationship on that basis only for the ECJ to toss it out at a later stage.

    BREXIT is going to have to happen from a legal point of view, it's a given. The question is what happens on 01.04.2019, reapply for EU membership, apply for EFTA/EEA membership, ???

    Brexit will probably happen because the Brits will decide they have to go through with it for a variety of reasons.

    Regarding it being a legal matter. . . Of course it matters what senior politicians say. They're the ones controlling Barnier. Politicians can amend the Lisbon treaty or even come out with a separate treaty involving an amendment to article 50 to preventing UK from leaving if they decided to change their minds.

    There's a year of this left. By then we'll all know as it all must be wrapped up by this time next year.


  • Registered Users, Registered Users 2 Posts: 3,135 ✭✭✭Peter Flynt


    oscarBravo wrote: »
    Because I'm not the one claiming that Apple pay 2% tax.

    You clearly believe this to be the case, which means you either believe that there's a provision in the Irish tax code for paying 2% on corporate profits; or you believe that Revenue are complicit in tax evasion.

    It's a simple question: which is it?

    I'm believing what Apple's head of tax stated to a US senate committee under oath.

    I'm also believing that there was a deal between Apple and the Irish government over taxation in 1991, which there was.


  • Registered Users, Registered Users 2 Posts: 30,958 ✭✭✭✭blanch152


    I'm believing what Apple's head of tax stated to a US senate committee under oath.

    I'm also believing that there was a deal between Apple and the Irish government over taxation in 1991, which there was.

    Well then you should be able to provide links to back all of that up.

    I would suggest you go to Seamus Coffey's blog though for the real information.


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  • Registered Users, Registered Users 2 Posts: 27,626 ✭✭✭✭Peregrinus


    Brexit will probably happen because the Brits will decide they have to go through with it for a variety of reasons.

    Regarding it being a legal matter. . . Of course it matters what senior politicians say. They're the ones controlling Barnier. Politicians can amend the Lisbon treaty or even come out with a separate treaty involving an amendment to article 50 to preventing UK from leaving if they decided to change their minds.

    There's a year of this left. By then we'll all know as it all must be wrapped up by this time next year.
    I think the point is that, once it becomes apparent that there absolutely cannot be a deal agreed by March 2019, even if all 27 member states are willing it's probably too late to get an amendment through to alter or suspend Art 50 before it operates n March 2019. That would require a new treaty, which would have to be agreed unanimously by the EU-28, and then ratified by each of them in accordance with their respective constitutional processes.

    It's both a political and a practical imperative that the UK leaves in March 2019, deal or no deal. The UK confidently expects a deal, as is evidenced by the fact that it is not making the preparations it would need to make if it thought no-deal was a possibility in needed to prepare for.

    I suspect in the UK official mind the worst-case scenario in March 2019 is not "no deal and no prospect of a deal"; it's "no deal yet but we're making progress and we'll get there and we're facing an awkward few months until we do but better late than never!"


  • Registered Users, Registered Users 2 Posts: 27,626 ✭✭✭✭Peregrinus


    I think that the UK will become a vassal state of the US who will want a presence on the border of a competing world power. In many ways, an Israel Lite.
    No. The rest of the world won't stand still while the EU develops into a superstate stretching from the Maghreb to the Urals; other geopolitical trends will also be continuing.

    It won't be the US that will be front-runner to adopt the UK as a vassal state on the border of a competing world power; it will be China.


  • Registered Users, Registered Users 2 Posts: 14,823 ✭✭✭✭First Up


    Davis or any replacement he might have would have to bring it up in the negotiations though the only justification I could see for this action from him or his potential successor would be a recession and/or businesses leaving in significant numbers.


    I was asking you to describe how the UK could end up with a government that would make such a move and what the make up of a HoC to approve it might be.


  • Closed Accounts Posts: 1,739 ✭✭✭solodeogloria


    Good morning!

    I think before being too hasty to write off the negotiations we need to see Theresa May's speech and the negotiations that follow.

    I'm still hopeful of some transitional arrangement once the money issue begins to be resolved. It might be a quick and dirty solution but I'm sure it will be done.

    Much thanks,
    solodeogloria


  • Registered Users, Registered Users 2 Posts: 8,229 ✭✭✭LeinsterDub


    Good morning!

    I think before being too hasty to write off the negotiations we need to see Theresa May's speech and the negotiations that follow.

    I'm still hopeful of some transitional arrangement once the money issue begins to be resolved. It might be a quick and dirty solution but I'm sure it will be done.

    Much thanks,
    solodeogloria

    So are you excepting TM to soften her position on the 3 core issues in this speech then?


  • Registered Users, Registered Users 2 Posts: 5,999 ✭✭✭Enzokk


    I think before being too hasty to write off the negotiations we need to see Theresa May's speech and the negotiations that follow.

    I'm still hopeful of some transitional arrangement once the money issue begins to be resolved. It might be a quick and dirty solution but I'm sure it will be done.


    Sure, but seems the strategy at the moment is for David Davis to go to the smaller regions and plead with them about how much WTO trade terms will hurt them if there is no deal, you would expect a more conciliatory attitude to try and get a deal done.

    But you already have the blame game taking place from all the actors of Brexit. Vote Leave is blaming David Davis for triggering article 50 too early. Boris Johnson has laid down his own red line, in an effort to probably get fired so he isn't tied to the sinking ship as he is now. I feel confident this will continue to be a mess for everyone.


  • Closed Accounts Posts: 1,739 ✭✭✭solodeogloria


    So are excepting TM to soften her position on the 3 core issues in this speech then?

    Good morning!

    I'm expecting she will hold the British position on citizens rights. There's room for further discussion on Northern Ireland but this isn't for the speech this is for the negotiations in Brussels.

    The big issue that will begin to get resolved is on the money. She will commit to giving what she had budgeted for the transition (it's clearly in the Treasury calculations until 2021) to the EU for single market access. This would cover the EU's budgetary commitments until 2020 and potentially a lot of the pension liability.

    This is just my bet. There will be movement but not without Britain getting the clarity it requires in return.

    Much thanks,
    solodeogloria


  • Registered Users, Registered Users 2 Posts: 8,219 ✭✭✭Calina


    None of this pussyfooting around would be necessary if actual Brexit was a good idea. The fact that the UK is trying to negotiate the benefits of being in the EU without being in the EU tells you that in fact Brexit is a stupid idea. You wouldn't need a transitional arrangement. And someone who works in IT should not be suggesting a need for a quick and dirty solution. They are almost always a response to bad planning.

    We have had 15 months of waiting for this or that.

    I don't write off the negotiations. UK skills in the negotiations on the other hand can be safely criticised.


  • Registered Users, Registered Users 2 Posts: 3,135 ✭✭✭Peter Flynt


    blanch152 wrote: »
    Well then you should be able to provide links to back all of that up.

    I would suggest you go to Seamus Coffey's blog though for the real information.

    I have provided a link.

    My view is also supported by the European Commission but that's for a different thread.

    I have no plans to go through 20-30 years of legislation or ministerial circulars or directives to prove myself to some anonymous poster because, frankly, I don't have to. Apple have admitted in the US senate that they pay little tax in Ireland and this has been backed up by the EC. <SNIP>

    If anyone wants to go look for such legislation or edict then they are free to use their own time to do so.


  • Registered Users, Registered Users 2 Posts: 14,394 ✭✭✭✭Professor Moriarty


    Peregrinus wrote: »
    No. The rest of the world won't stand still while the EU develops into a superstate stretching from the Maghreb to the Urals; other geopolitical trends will also be continuing.

    It won't be the US that will be front-runner to adopt the UK as a vassal state on the border of a competing world power; it will be China.

    China? Absolutely not. Assuming that the EU progresses towards deeper integration and thus becomes a world power, and that Britain finds itself strategically, politically and economically isolated after Brexit, it is to its old ally, the US, that it will turn for support.

    Historically, linguistically, militarily and culturally they are extremely close. There is no realistic scenario imaginable where a British government would spurn the 'special relationship' to become an outpost for China. Nor would the West, the US and EU, stand idly by.


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  • Registered Users, Registered Users 2 Posts: 6,544 ✭✭✭Samaris


    I'll take this over some Paddy who cannot accept that this country is a tax haven for multinationals.

    Charming. Don't know where you're from (and nor, frankly, do I care), but I hope you managed the appropriate lip-curling sneer.

    Do you address people from other countries similarly?


  • Closed Accounts Posts: 1,739 ✭✭✭solodeogloria


    Samaris wrote: »
    Charming. Don't know where you're from (and nor, frankly, do I care), but I hope you managed the appropriate lip-curling sneer.

    Do you address people from other countries similarly?

    Good morning!

    I'm in agreement with Peter and I'm an Irishman. Obviously Ireland's a corporate tax haven. It's the only way Ireland can compete in a global world.

    This is why when people like Emmanuel Macron suggest a common tax policy it should be seen as bloody dangerous to Ireland. Instead we've got posters fawning over a European superstate with a common finance minister and changing Ireland's main way of attracting business.

    It is time to wake up and smell the coffee, in this case reality which suggests that there is no guarantee at all and plenty of reason to suggest that the EU won't have Ireland's best interests at heart. It isn't an all benevolent institution as some of the fans of Euro-federalism point out.

    There's still a big need for independent nation states to defend their own interests.

    Much thanks,
    solodeogloria


  • Registered Users, Registered Users 2 Posts: 6,544 ✭✭✭Samaris


    Maybe you should be a tad ashamed of yourself to agree with someone attempting to dismiss a point with a sneer about the person's nationality then. Whatever about his points, given you directly responded to me and my point about it, apparently you agree with that too. Sure, Paddy isn't the worst insult in the world, but it's just condescending and rude. Not to mention piss-poor debate.

    Let's be clear - I don't freak out at the word paddy. It's a dumb term, but water off a duck's back. I do object to someone thinking they're clever in using paddy, wog, pikey, whatever to attempt to dismiss someone else's point. At that point, it is pathetic.


  • Registered Users, Registered Users 2 Posts: 18,997 ✭✭✭✭murphaph


    The UK and it's dependencies and overseas territories are amongst the most prolific of all tax havens! Or do people really think the Cayman Islands and Bermuda are that industrious?!


  • Closed Accounts Posts: 1,739 ✭✭✭solodeogloria


    Samaris wrote: »
    Maybe you should be a tad ashamed of yourself to agree with someone attempting to dismiss a point with a sneer about the person's nationality then. Whatever about his points, given you directly responded to me and my point about it, apparently you agree with that too. Sure, Paddy isn't the worst insult in the world, but it's just condescending and rude. Not to mention piss-poor debate.

    Let's be clear - I don't freak out at the word paddy. It's a dumb term, but water off a duck's back. I do object to someone thinking they're clever in using paddy, wog, pikey, whatever to attempt to dismiss someone else's point. At that point, it is pathetic.

    Good morning!

    Dare I say you're getting offended about very little? I don't see the term as being offensive.

    He's right about the substance. Ireland is a corporate tax haven and it's economy is constructed on it. He's right to say multinational companies come to Ireland because it's cheap and there are good tax perks. That's the bottom line.

    If Macron has his way then Ireland will lose out big time. Much more than Brexit.

    Much thanks,
    solodeogloria


  • Registered Users, Registered Users 2 Posts: 8,229 ✭✭✭LeinsterDub


    Good morning!

    I'm expecting she will hold the British position on citizens rights. There's room for further discussion on Northern Ireland but this isn't for the speech this is for the negotiations in Brussels.

    The big issue that will begin to get resolved is on the money. She will commit to giving what she had budgeted for the transition (it's clearly in the Treasury calculations until 2021) to the EU for single market access. This would cover the EU's budgetary commitments until 2020 and potentially a lot of the pension liability.

    This is just my bet. There will be movement but not without Britain getting the clarity it requires in return.

    Much thanks,
    solodeogloria
    So essentially. 3 months after negotiations have begun the UK will have a realistic opening position on their liabilities. I'm sure the EU will be happy to negotiate the UKs calculations. Will the UK? I would expect them to try the this is our one and only offer line. No progress on the North. The UK current position is described as 'dreamland' stuff by those in the EU and continuing to hold a position on citizens rights that was rejected outright by the EU?

    That about sum it up?


  • Registered Users, Registered Users 2 Posts: 3,135 ✭✭✭Peter Flynt


    Samaris wrote: »
    Charming. Don't know where you're from (and nor, frankly, do I care), but I hope you managed the appropriate lip-curling sneer.

    Do you address people from other countries similarly?

    I'm Irish, born in Dublin.


  • Closed Accounts Posts: 26,567 ✭✭✭✭Fratton Fred


    Calina wrote: »
    Taxation is a member state competence. So yes, you might think it's bizarre but it is a member state asserting its right to make taxation decisions.

    The UK is in no position to point any fingers given the contribution some Crown dependencies and overseas territories make to tax evasion opportunity.

    In the meantime, one of the key issues with Ireland is that it has a low baseline corporation tax. But it collects most of it. Its collection rate is broadly close to its nominal rate. This is not the case in France, for example, where a complex system of allowances and write offs mean that the net tax bill tends to be significantly lower than the equivalent would be in Ireland. France's effective rate is significantly lower than its nominal rate.

    You might want to bear in mind that the issue with the Apple case - complex and all as it is - is about competition between states for FDI rather than about taxation per se. It will be interesting to see if in fact, the Commission will be found to have applied competition law correctly here because it is not that Apple enjoyed benefits vis a vis competitors but that Ireland enjoyed benefits vis a vis other member states.

    yeah, that's great and everything, but the simple fact is, that the eu is no more able to tackle big corporations than any other member state. Countries, such as Ireland, Holland and Luxembourg have deliberate tax regimes that allow multinationals to exploit cross border trading and avoid paying taxes in the countries where they make the biggest profits.

    This is a fact and the eu has done absolutely nothing to prevent this, in fact, the current president of the eu commission has frustrated attempts to prevent this.

    So, the accusation that the eu was more likely to withstand influence from big corporations is bogus. We have a man who was and architect of the Luxembourg tax haven, was later unceremoniously dumped as prime minister in one of europe's smallest countries and then a few months later becomes the overwhelming choice as the most powerful man in europe?

    all of this without the influence of the 30,000 lobbyists in Brussels apparently.


  • Registered Users, Registered Users 2 Posts: 6,544 ✭✭✭Samaris


    Good morning!

    Dare I say you're getting offended about very little? I don't see the term as being offensive.

    *eyeroll* Of course you dare. Heaven forfend there be some actual courtesy in debate without resorting to bigotry and name-calling.

    And of -course- calling it out means that I'm "offended" (the greatest crime in the current anglosphere world), as opposed to moderately contemptuous, which is actually closer to my feelings on it. Far too early in the morning for proper offence, even if I was inclined to be offended at what some guy on the internet says.

    Btw, regarding producing legislation regarding Apple's 2% tax, I was actually in agreement that that wasn't the point he made so he doesn't have to back that up, although he probably should back up "tax haven" a bit better (the corporate tax rate is perhaps an indication). Just how he framed his argument is contemptible.
    I'm Irish, born in Dublin.

    Still don't care that much, but that probably makes the whole thing even more ridiculous. Fine, carry on, I can see that you and solo reckon that cheap national shots are a totes valid form of debate.


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  • Registered Users, Registered Users 2 Posts: 27,626 ✭✭✭✭Peregrinus


    Good morning!

    I'm expecting she will hold the British position on citizens rights. There's room for further discussion on Northern Ireland but this isn't for the speech this is for the negotiations in Brussels.

    The big issue that will begin to get resolved is on the money. She will commit to giving what she had budgeted for the transition (it's clearly in the Treasury calculations until 2021) to the EU for single market access. This would cover the EU's budgetary commitments until 2020 and potentially a lot of the pension liability.

    This is just my bet. There will be movement but not without Britain getting the clarity it requires in return.

    Much thanks,
    solodeogloria
    Mmm. Let’s think this through.

    In theory, there’s two feasible models for transition. Under one model, the UK continues in substance to participate in the single market and its associated obligations (probably including free movement and certainly including financial contributions) during the transition period. Relatively little changes at the outset; the big change comes at the end when the UK moves into whatever new long-term relationship has been negotiated.

    The other model is the opposite; the big changes are mostly front-loaded to the start of the transition, with some residual aspects of EU participation continuing for the transition period.

    I think we can discount a model in which there’s a large difference between full membership and the transitional relationship, and another large difference between the transitional relationship and the long-term relationship. That puts both sides through two major, and quite disruptive, changes in a short period of years; I don’t think that’s a good idea from anybody’s perspective.

    But I think we can also dismiss the second model, under which most of the big changes happen in in 2019, with a relatively small group of matters deferred for a couple of years. The whole reason that a transitional period is necessary it that it’s clear that the long-term relationship won’t be fully negotiated and ready in practice to roll out in March 2019. And if they aren’t a position to roll out 100% of the new relationship, they’re not likely to be in a position to roll out 80% of it.

    So, while the UK will formally cease to be a member in 2019, much of the day-to-day experience of membership will continue during the transitional period. There will be changes, but a lot will stay the same. In some ways a the transitional period might look a bit like EEA membership, but temporary, and with some features tailored to the UK’s circumstances.

    In some respects that’ll be unpopular on the Brexity side, but (a) it will probably be acceptable to the majority as long as there’s a definite, and not too-long-deferred, termination date, and (b) it has the advantage that it makes it easy to justify significant payments to the EU during the transition period, and that facilitates agreement on the financial settlement.

    On citizens, though, May does need to offer the EU some reassurance now. The issues of deportation letters to long-settled EU citizens in the UK this month was probably just an administrative cock-up, but it was an extraordinarily badly-timed one, really focussing EU attention on a matter that is of genuine concern to them. One of the things that was considered most shocking in Europe about the Brexit debate and the way it played out in Britain was the attitude to migrants that it revealed, and I think that has created a climate of mistrust on this point that May needs to provide some solid reassurance on.

    The other thing that’s necessary to achieve in the speech is that May needs to build confidence that there will be a final deal. What the transition period does, to some extent, is kick a lot of difficult questions to touch - we don’t have to solve them right now; we have till 2021 (or whenever). It’s one thing to kick questions to touch because they’re difficult and detailed and they need time to work through; it’s another to kick them to touch because they’re too difficult and we’ll never be able to answer them at all.

    In other words, May needs to convince people that the UK will stop engaging in wishful thinking in which it can have its cake and eat it - take back control of its borders, and have a Common Travel Area that includes part of the EU; pursue an independent trade and customs policy, but have an open border with the EU in Ireland; etc. A Brexit deal will require objectives to be prioritised, choices to be made, and I think the EU needs to see that May recognises this (and that she has the political and practical ability to make and implement choices, despite her weak parliamentary situation). If the judgment is that she can't or won't do this, a transitional period is not going to solve anything.


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