jill_valentine wrote: » In a major urban centre, I believe it should be possible for a single median earner to purchase a one bedroom or studio flat within reasonable commuting distance of employment. Rurally, that's probably a lot more variable, but honestly I think bang for buck kinda manages itself out there because the distance from services etc are the flipside of living in something standalone, with more space. I recognise that single earners and units of that size are not an economically appealing market for most commercial developers, but on a social level there's clearly an urgent need for them. Social good is the government's lookout, it should be an obvious ambition to engineer circumstances where those units get built, rather than just... I don't know what the Gov idea is, hoping everyone on the homelessness list marries each other?
Hubertj wrote: » https://www.irishexaminer.com/property/commercial/arid-40240229.html Good news for commercial property but also the jobs front in the cork region. Further demonstrates apples commitment to Irish operations. Also strange they would continue to invest and expand Irish operations when a tax apocalypse is due to hit Ireland. Could it be they have already factored tax changes into their plans? Would large MNCs with dedicated tax teams have the forethought to factor this into their future plans? Amazing thought. I fear they haven’t checked board.ie and are making a terrible terrible mistake.
awec wrote: » The British Virgin Islands are the biggest enabler of tax abuse. British territories are the 3 worst, and they have a 4th (Jersey) in the top 10. It's in the link I posted earlier. This is one of Ireland's problems. Unlike the Brits, the french, the US etc, we don't have offshore territories / city-states to obfuscate our tax story.
HansKroenke wrote: » The French and Germans use Luxembourg, Switzerland and Monaco for their dirty business, the UK use, as you have noted, their own hollow countries such as the BVI, Isle of Man for those untouchable family trusts etc. Cyprus for the non-EU Turks and Russians to gain EU access. Ireland cannot be touched without the larger nations also closing down their own little havens like those mentioned above, which of course they won't do.
HansKroenke wrote: » They haven't said what the purpose of the new office space is for, e.g. Indian staff to handle customer service for the Indian market. Is it for new employees to import into Ireland or is the plan to hoover up employees already base in the region? It would be nice to see an accompanying headline that an apartment development is also being funded as part of the job creation. While the announcement is good news for the commercial sector it is bad news for the residential sector.
PropQueries wrote: » Hold on! The article states: "Apple is this month closing out a deal for enough space for 350 to 400 additional employees initially, at Horgan’s Quay, in the top three floors of building No 1. " But the article also states: "tech giant Apple, which already employs c 6,000 in the city at two other locations." So, with post-covid fast approaching (define fast, some say well into next year), won't office spaces need to be reconfigured for more space between workers? So, when the article says "enough space for 350 to 400", couldn't it just as easily mean a reduction in the overall number of employees when the additional space for social distancing is implemented post-covid?
awec wrote: » Why would it? Social distancing will not be a thing anymore once people are vaccinated.
PropQueries wrote: » Whether the vaccine for covid works or not, social distancing in office environments will be a thing going forward. They've already alluded to it with the massive reduction in flu etc.
fliball123 wrote: » and Germany , U.K, France and the U.S are all in the top 25 . Whats your point?
awec wrote: » Nonsense. You think people will be sitting 2metres apart in offices from now on? Can you post a link to a source that suggests offices are to remain socially distant even when the rest of society has returned to something pretty close to normal?
PropQueries wrote: » Dr. Tony Holohan said back in June: "It's not maybe a uniquely Irish thing but the 'ah sure I'll be grand' and going to work with coughs and colds, that was a kind of socially acceptable thing to do. We need to move to a situation where going to school, going out for the evening, going to work, with coughs and colds and sniffles and so on becomes a thing of the past, because of this disease and that will benefit a range of other respiratory diseases as well." Basically if this is recommended post-covid, companies will want to minimise the chances of one of their employees giving everyone else in the office a cold or cough IMO Link to article here: https://www.irishmirror.ie/news/irish-news/dr-tony-holohan-says-one-22235866
awec wrote: » Yes, people will no longer go to work when they are sick. This article does not mention anything to do with continued social distancing post vaccination.
schmittel wrote: » My point is we're a tax haven, and I have no complaints about that. It has been a fantastically successful strategy by successive governments.
Geuze wrote: » We are not a tax haven.What Makes a Country a Tax Haven?https://igees.gov.ie/wp-content/uploads/2014/02/What-makes-a-country-a-tax-haven.pdf Abstract: This paper explores the issue of tax havens and tax competition. The recent intensified debate on tax havens is summarised, as is the important work of the OECD, the EU and the G-20 in this area and the ongoing research on the economic effects of tax havens.Ireland does not meet any of the OECD criteria for being a tax haven but because of its 12.5 per cent corporation tax rate and the open nature of the Irish economy, Ireland has on a few occasions been labelled a tax haven. There are three primary reasons for this identified, each addressed in the paper: a failure to distinguish between legitimate and abusive transfer pricing; a misunderstanding of the role and regulation of IFSC; and a dated but influential academic paper from 1994 that incorrectly included Ireland in a list of tax havens, based on a reason that has long since lost any validity.
Ireland has been labelled a tax haven, or a corporate tax haven (or Conduit OFC), by: The main § Leaders in tax haven research:[38][39] James R. Hines Jr. (1994, 2007, 2010),[31][40][41] Dhammika Dharmapala (2008 and 2009),[42][43] and Gabriel Zucman (2013, 2014 and 2018);[4][32][34][44][45] Other important § Leaders in tax haven research:[38][39] Joel Slemrod (2006),[46] and Mihir A. Desai (2006);[47] Notable academic studies by the University of Amsterdam's CORPNET in 2017 (Conduit and Sink OFCs)[27][28] and by the International Monetary Fund journal in 2018;[48] Various academic tax-policy centres in Germany,[49] the United Kingdom,[50] the United Nations,[51] and Ireland itself;[52] The three main non-governmental tax organisations: Tax Justice Network,[33][53][54] the Institute on Taxation and Economic Policy,[55][56] and Oxfam;[57][58] The two U.S. Congressional investigations into global tax havens: 2008 by the Government Accountability Office,[59] and 2015 by the Congressional Research Service.[60] The 2013 Levin–McCain U.S. Senate Permanent Subcommittee on Investigation ("PSI") into tax avoidance activities of U.S. multinationals by using "profit shifting" BEPS tools;[61][62][63] The books on tax havens in the last decade, with at least 300 citations on Google Scholar: Tax Havens: How Globalization Really Works, by Ronen Palan and Richard Murphy from 2010,[36] Treasure Islands: Tax Havens and the Men Who Stole the World, by Nicholas Shaxson from 2011, and The Hidden Wealth of Nations: The Scourge of Tax Havens, by Gabriel Zucman from 2015; The main financial media: New York Times,[64] Bloomberg News,[65] the Wall Street Journal,[66] Forbes,[67] the Financial Times,[68] The Economist,[69] the Washington Post,[70] and Fortune;[71] Some leading economists;[72][73][74][75][76] G20 economy, Brazil, who blacklisted Ireland in September 2016;[12][77] and potentially the U.S. State of Oregon whose State IRS recommended blacklisting Ireland in 2017.[78] The European Parliament in March 2019 voted to accept a report by 505 votes in favour to 63 against, recommending Ireland, as one several "EU tax havens", be included on the official EU Commission list of tax havens.[o][80][81][82] Ireland has also been labelled related terms to being a tax haven: In Germany, the related term tax dumping has been used against Ireland by German political leaders;[83][84] The Financial Stability Forum ("FSF") and the International Monetary Fund ("IMF") listed Ireland as an offshore financial centre in June 2000;[33][34][35][36] Bloomberg, in an article on PwC Ireland's managing partner Feargal O'Rourke, used the term tax avoidance hub;[85] The 2013 U.S Senate PSI Levin–McCain investigation into U.S. multinational tax activity, called Ireland the holy grail of tax avoidance;[86][87] As the OECD has never listed any of its 35 members as tax havens, Ireland, Luxembourg, the Netherlands and Switzerland are called OECD tax havens;[88] As the EU Commission has never formally listed any of its 28 members as tax havens, Ireland, Luxembourg, the Netherlands and Belgium are called EU tax havens.[89][90] The term tax haven has been used by the Irish mainstream media and leading Irish commentators.[91][92][93][94][70][95] Irish elected TDs have asked the question: "Is Ireland a tax haven?".[96][97] A search of Dáil Éireann debates lists 871 references to the term.[98] Some established Irish political parties accuse the Irish State of tax haven activities.[99][100][101] The international community at this point is concerned about the nature of tax havens, and Ireland in particular is viewed with a considerable amount of suspicion in the international community for doing what is considered - at the very least - on the boundaries of acceptable practices. — Ashoka Mody, Ex-IMF mission chief to Ireland, "Former IMF official warns Ireland to prepare for end to tax regime", 21 June 2018.[102]
schmittel wrote: » As i understand it if profits rise intemationally from IP that apple holds in Ireland they must increase their workforce in Ireland in proportion. Its part of the deal. I think there is a decent chance that the dedicated tax teams are simply complying with the current tax laws than planning for the future.
ReturnOfThe wrote: » As I see it, the housing market is driven by a number of variables which tend to apply upward or downward pressure on prices.Variables which pull house prices in the same direction. Economic Outlook. Population Growth. Demand (Speculative in times of low interest, non-speculative in times of low supply). Mortgage Approvals.Variables which push house prices in the opposite direction. Supply. Interest Rates. So if someone is looking for house prices to fall, they would have to be looking out for at least one of the below headlines in the papers.. Economic outlook deteriorating Population growth being reversed Demand falling Mortgage approvals falling Supply increasing and outpacing demand Interest rates rising I think most people will agree that none of the above look remotely like happening in the short to medium term except maybe for the last one and I'm beginning to think that maybe it would be a good thing at this stage as I think that low interest rates contributes (perversely) to rising house prices.
ReturnOfThe wrote: » So if someone is looking for house prices to fall, they would have to be looking out for at least one of the below headlines in the papers.. Economic outlook deteriorating Population growth being reversed Demand falling Mortgage approvals falling Supply increasing and outpacing demand Interest rates rising
PropQueries wrote: » Also in other news. According to the Irish Times today: "EU poised to affirm tax on tech giants if global agreement fails. Leaders are working towards consensus, but EU ready to take unilateral action if needed. European Union leaders are poised to affirm their commitment to a unilateral tax on tech giants if they fail to agree on a global framework with partners, including Joe Biden’s US administration, by the middle of this year."There's so many fires we have to fight this year, it will take a significant luck of the Irish to come out the other side with a quick return to an economy that looks anything like 2019 IMO There may also be a quick reversal of any approved or soon to be approved housing measures (which appear to be primarily on the demand side of the equation) if the government finances do take an abrupt turn IMO Link to Irish Times article here: https://www.irishtimes.com/business/economy/eu-poised-to-affirm-tax-on-tech-giants-if-global-agreement-fails-1.4505268
PropQueries wrote: » New data (released today), shows that more than 80,000 households are in state-supported private rented accommodation and that the Hap scheme payments to landlords will rise from €436 million last year to in excess of €1 billion by the end of 2021 (this year). So, it's HAP alone is going to rise from €436m last year to over €1billion this year, and that's from the department of housing very own figures. So, is the state expecting the number of households receiving HAP to double from 80,000 households to 160,000 households this year or are they expecting rents to double or something in between? Link to article in Sunday Business Post here:https://www.businesspost.ie/houses/more-than-80000-households-are-in-state-supported-private-rented-accommodation-af10bd9b
HansKroenke wrote: » Increased property taxes will help pay for HAP, it will be grand.
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