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Intel you legends!

  • 15-01-2011 02:06PM
    #1
    TheZohanS
    Closed Accounts Posts: 11,581 ✭✭✭✭


    Great news for the country:
    Intel has announced it is to begin a $500m upgrade of its facilities at its Leixlip campus with the creation of 850 construction jobs.
    The company will also be creating an additional 200 jobs at the campus as a result of the upgrade.
    On Thursday, Intel posted record revenues for 2010 of over $43bn.
    IDA Ireland CEO Barry O'Leary welcomed the announcement, saying it was 'an enormous vote of confidence and endorsement of Ireland as a competitive location for global investment'.
    The project is expected to take two years to complete.

    Fair play to Intel.

    Source.


«13

Comments

  • #2
    Cook my sock
    Registered Users, Registered Users 2 Posts: 597 ✭✭✭Cook my sock


    Was hoping it would say free i7's for all. :(


  • #3
    GTE
    Registered Users, Registered Users 2 Posts: 3,894 ✭✭✭GTE


    That's fantastic news. If anything this is a clear message that we need to stick to our guns on the corporation tax though I don't fully understand that area myself but I wouldn't want to be in Intels shoes if we were made raise it.


  • #4
    Fight_Night
    Registered Users, Registered Users 2 Posts: 720 ✭✭✭Fight_Night


    Good news finally


  • #5
    mp3guy
    Registered Users, Registered Users 2 Posts: 3,949 ✭✭✭mp3guy


    I'll just leave this here;

    http://www.boards.ie/vbulletin/showthread.php?t=2055468753


  • #6
    orourkeda
    Closed Accounts Posts: 17,916 ✭✭✭✭orourkeda


    Any chance of a job


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  • #7
    IvyTheTerrible
    Closed Accounts Posts: 14,949 ✭✭✭✭IvyTheTerrible


    mp3guy wrote: »
    I'll just leave this here;

    http://www.boards.ie/vbulletin/showthread.php?t=2055468753

    I was thinking about that thread when I heard this announcement too..


  • #8
    kerryman12
    Registered Users, Registered Users 2 Posts: 940 ✭✭✭kerryman12


    that project has been talked about for about 4 years now. Thank god it has finally come off.

    good news, for a change.


  • #9
    Carl Sagan
    Closed Accounts Posts: 856 ✭✭✭Carl Sagan


    Great news. Hopefully we'll see more of this kind of stuff.


  • #10
    Agricola
    Registered Users, Registered Users 2 Posts: 6,547 ✭✭✭Agricola


    And Sarkozy wants us to up the corporation tax :rolleyes:


  • #11
    Elessar
    Registered Users, Registered Users 2 Posts: 5,260 ✭✭✭Elessar


    Just read that on the news.

    Does this mean they've chosen Ireland to manufacture the new 22nm Ivy Brigde CPUs due next year?


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  • #12
    Son Of A Vidic
    Registered Users, Registered Users 2 Posts: 32,370 ✭✭✭✭Son Of A Vidic


    Agricola wrote: »
    And Sarkozy wants us to up the corporation tax :rolleyes:

    Ya, I see the EU Nazi's are still whining about it alright. It should have been dropped to 9% in the last budget. At least it would have demonstrated a semblance of a spine for this 'government'. Well done Intel, a much needed shot in the arm for sure.


  • #13
    starviewadams
    Registered Users, Registered Users 2 Posts: 6,116 ✭✭✭starviewadams


    Good news for a change and fair play to Intel,but still only a drop in the ocean when you consider how many people are currently signing on though.

    We still will probably have to raise CT within the next year or so,we have to do something to appease the countries that are currently funding us.


  • #14
    TheZohanS
    Closed Accounts Posts: 11,581 ✭✭✭✭TheZohanS


    starviewadams wrote: »
    We still will probably have to raise CT within the next year or so,we have to do something to appease the countries that are currently funding us.

    We wont have to raise CT, we're already appeasing those that are funding us by a near 3% margin in the bailout.


  • #15
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,119 Mod ✭✭✭✭Tar.Aldarion


    Good stuff right there. MMM delicious brains jobs


  • #16
    PeakOutput
    Registered Users, Registered Users 2 Posts: 7,638 ✭✭✭PeakOutput


    starviewadams wrote: »
    We still will probably have to raise CT within the next year or so,we have to do something to appease the countries that are currently funding us.

    i find this highly highly unlikely

    any goverment who does this instantly signs their own death sentence


  • #17
    jc84
    Registered Users, Registered Users 2 Posts: 327 ✭✭jc84


    i wonder if this would have gone ahead if the corporation tax had been increased.. uh no! can't see the low ct lasting forever, will be funny to see the mass exodus of companies


  • #18
    ninebeanrows
    Registered Users, Registered Users 2 Posts: 12,780 ✭✭✭✭ninebeanrows


    there is a lot more to this corporation tax than just the fee, don't get me wrong it is a good highlight but the real level of corp tax in many european countries is nowhere near the 25% they publicise.

    A re-think into corp tax here is necessary, everybody has to do their bit so there is no reason why corporation tax should not go up if all other taxes are going up.

    It is foolish to think an increase from 12.5% to 17.5% would actually result in all companies not choosing here as a destination for development.


  • #19
    GTE
    Registered Users, Registered Users 2 Posts: 3,894 ✭✭✭GTE


    Weathercheck wrote: »
    It is foolish to think an increase from 12.5% to 17.5% would actually result in all companies not choosing here as a destination for development.

    Although its not a huge increase what is keeping us in the running besides corporation tax as a whole in your opinion?


  • #20
    TheZohanS
    Closed Accounts Posts: 11,581 ✭✭✭✭TheZohanS


    Weathercheck wrote: »
    there is a lot more to this corporation tax than just the fee, don't get me wrong it is a good highlight but the real level of corp tax in many european countries is nowhere near the 25% they publicise.

    A re-think into corp tax here is necessary, everybody has to do their bit so there is no reason why corporation tax should not go up if all other taxes are going up.

    It is foolish to think an increase from 12.5% to 17.5% would actually result in all companies not choosing here as a destination for development.

    <facepalm>

    Seriously.....


  • #21
    GTE
    Registered Users, Registered Users 2 Posts: 3,894 ✭✭✭GTE


    PeakOutput wrote: »
    i find this highly highly unlikely

    any goverment who does this instantly signs their own death sentence

    And a very good point was made by someone on boards in the past week that we got a loan for the money and we are/will be paying that back. Its not a hand out that we are taking off the EU etc.

    Technically it they should not influence anything we do tax and spending wise. In reality it does since we need to be able to pay it back but from what I understand raising the corporation tax wont make a big difference compared to what else is going on and I can see merit in the argument that if you raise it you may end up with the same or less then you would have had down the line.

    Its just France and the rest desperately trying to become more competitive by making others less.


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  • #22
    Morlar
    Closed Accounts Posts: 9,273 ✭✭✭Morlar


    This almost claws back the number of jobs lost to this green party decision last year :

    http://www.irishexaminer.com/business/kfcwgbmhojoj/rss2/
    Gormley overturned land designation without consultation, court told

    By Vivion Kilfeather

    Wednesday, July 28, 2010

    ENVIRONMENT Minister John Gormley failed to engage in any adequate consultation with local landowners before issuing directions overturning the designation of lands in Carrickmines as a "district centre", the Commercial Court has been told.

    A district centre allows for a development with considerably more retail floorspace than a "neighbourhood centre," the designation preferred by the minister. A neighbourhood centre involves a development of small groups of small shops of a local nature serving a small, localised population.

    Tristor Ltd, which wants to develop the Park Village as a district centre, has claimed the minister’s directions, unless quashed, will cost 1,500 jobs.


  • #23
    Daroxtar
    Registered Users, Registered Users 2 Posts: 4,564 ✭✭✭Daroxtar


    I'm surprised that this has only been "announced" now. Most of the people I work with (construction) have known about this for months. It is good news though, in this industry thats a lifetime now


  • #24
    Tar.Aldarion
    Moderators, Science, Health & Environment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 60,119 Mod ✭✭✭✭Tar.Aldarion


    Weathercheck wrote: »
    there is a lot more to this corporation tax than just the fee, don't get me wrong it is a good highlight but the real level of corp tax in many european countries is nowhere near the 25% they publicise.

    A re-think into corp tax here is necessary, everybody has to do their bit so there is no reason why corporation tax should not go up if all other taxes are going up.

    It is foolish to think an increase from 12.5% to 17.5% would actually result in all companies not choosing here as a destination for development.

    Huge difference.


  • #25
    PeakOutput
    Registered Users, Registered Users 2 Posts: 7,638 ✭✭✭PeakOutput


    Weathercheck wrote: »
    A re-think into corp tax here is necessary, everybody has to do their bit so there is no reason why corporation tax should not go up if all other taxes are going up.

    there are plenty of reasons
    It is foolish to think an increase from 12.5% to 17.5% would actually result in all companies not choosing here as a destination for development.

    it is more then foolish to think otherwise


  • #26
    TeddyTedson
    Registered Users, Registered Users 2 Posts: 10,758 ✭✭✭✭TeddyTedson


    Why not raise it to 14% at least. The tax money would be huge and it wouldn't be enough of a rise for companies to up and leave.


  • #27
    Kinetic^
    Closed Accounts Posts: 13,224 ✭✭✭✭Kinetic^


    Weathercheck wrote: »
    It is foolish to think an increase from 12.5% to 17.5% would actually result in all companies not choosing here as a destination for development.

    Low corporation tax is pretty much all we have to offer. High rents, local rates & employment costs mean we can't compete except for our corporation tax rate.


  • #28
    PeakOutput
    Registered Users, Registered Users 2 Posts: 7,638 ✭✭✭PeakOutput


    TeddyTedson wrote: »
    Why not raise it to 14% at least. The tax money would be huge and it wouldn't be enough of a rise for companies to up and leave.

    'tax money would be huge'

    and

    'it wouldnt be enough of a raise for companies to up and leave'

    that dosnt make sense

    companies are obliged to do the best for their share holders, no matter how small the increase if it makes moving to another country cheaper then staying in ireland they will do it without hesitating

    we have nothing else to offer besides low ct rate


  • #29
    Elessar
    Registered Users, Registered Users 2 Posts: 5,260 ✭✭✭Elessar


    So what will this new fab be making??


  • #30
    Morlar
    Closed Accounts Posts: 9,273 ✭✭✭Morlar


    The way I see it is even a 1% increase can translate into hundreds of thousands, if not millions for a lot of companies when projected over the next few years. 1% increase will see many companies ALREADY thinking of leaving making their decision and starting to prepare to move out. It would also affect the chances of attracting new investment from exsisting companies and it would affect the ability to attract new companies.


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  • #31
    m5ex9oqjawdg2i
    Closed Accounts Posts: 11,217 ✭✭✭✭m5ex9oqjawdg2i


    TheZohan wrote: »
    Great news for the country:



    Fair play to Intel.

    Source.

    Intel don't give a shít about you I would imagine, they do care about profit. I'm sure they didn't think "Oh ireland needs jobs, lets expand there" when thinking this...


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