A global recession is on the horizon - please read OP for mod warning

I couldn't even bring myself to respond to someone who has to wonder what the differences faced are between an SME, with maybe a dozen people vs say Apple or Pfizer both whom have 100k plus workers globally and billions of euro in operations in this state.

How do you deal with that.

Must change my accountant , my tax bill never was 0.005 % f@#ker is costing me a fortune!-

The investigation found that Apple paid an effective corporate tax rate of one per cent on its European profits in 2003, which fell to 0.005 per cent in 2014. The country’s official corporate tax rate is 12.5 per cent.

An SME will have a huge amount of compliance to grapple with. Fine for a MNC to calculate and pay pensions, sick pay, payroll taxes, corp tax, comply with employment law, CSO and any other laws specific to their business. However many SMEs only have a couple of staff, who also actually need to run their business (as well as the compliance work), and maybe see the kids once in a while. All this with Revenue breathing down their necks.

Even with grants (if there are any) you have to know what boxes to tick. MNCs can easily pay for this information. Much more difficult for SMEs.

I don’t think Boeing and airbus are very good examples as both are an extension of USA and EU defence/military machine and as such are regarded as a necessity and hence the bailout/funding.

What other large companies have been bailout by countries besides the banks etc. which was done to prevent the collapse of the whole financial system and not have people returning to bartering goods.

Yes there is state intervention with regards multi-nationals whether it was Grants, rezoned land, tax breaks, legislation changes but the same can be said for SME’s when they received rate freezes, warehousing of tax, tax relief and grants for start-ups, exemptions for registering for vat if bellow a threshold or use of cash basis for accounting of vat.

Are you suggesting that more tax breaks should be given to SME’s? And if so how should it be paid for without reducing the country’s tax base as it is no different to cutting income tax rates.

Increase in taxes paid by PAYE workers

Increases in vat

Cuts to benefits

Wealth tax

France economy is not sitting pretty either.

You want to offer some sort of evidence to back up your statement

Or is it a “trust me bro” type post while you smoke some herbal plants?

That which can be claimed without evidence, can be dismissed without evidence.

I done some internet research and was not able to find any evidence

So back to asking for the “bro” to backup his claims

Meanwhile no global recession either to be seen

Indeed, I can't read sh1te that makes no sense if that's what you mean.

Been out of work since mid Oct, work in marketing or Tourism type work but also have experience as an event coordinator. Very thin at the moment, have applied for loads but only got 2 interviews so far. Mate of mine was let go for a cyber security company last week, another friend has had to take a temp job after the SME he was working for closed recently. the job market is not as strong as they let on.

We work in 3 completely separate industries and have had similar experiences recently. Sure there are jobs of some description out there but full time, decently paid jobs with progression opportunities seem thin on the ground. Ye I could probably get a part time job in a cafe but that's not what I'm talking about.

Any sign of this recession yet? Thread now alive over 2.5yrs and still nothing.

Well it's a department within a larger company, but yes 250 let go across the division, not all in Ireland I should add.

Global recession any day now