Intel you legends!

PeakOutput · 15-01-2011 03:51PM

Eugene Ancient Iron wrote: »

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...

plenty of companies do have moral / social consciences. they dont overwrite the profit motive but they can certainly play a part

TeddyTedson · 15-01-2011 03:51PM

PeakOutput wrote: »

'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

It would be huge from all companies combined!
Why would they leave? It's still unbelievably low.

PeakOutput · 15-01-2011 03:55PM

TeddyTedson wrote: »

It would be huge from all companies combined!
Why would they leave? It's still unbelievably low.

because it would be cheaper to do business elsewhere, it is that simple.

no matter which way you cut it doing what you suggest is taking out 4% more of the companies profits, it dosnt matter how big or small the company is its still 4%

we have **** infrastructure, high tax rates other than corporation tax, high cost of living, high wages, poor education system and political instability, corporation tax is all we have going for us for large investors

judas101 · 15-01-2011 03:55PM

Are they building a new fab?

I wonder will they be ramping up manufacture.
Im involved in the industry so this might mean more frequent trips home!

Trevor451 · 15-01-2011 04:42PM

Too bad I use a AMD CPU in my computer

Naikon · 15-01-2011 04:44PM

Great Success!

Dave! · 15-01-2011 04:53PM

Elessar wrote: »

So what will this new fab be making??

Methamphetamine

Hank_Jones · 15-01-2011 05:01PM

Intel, a great bunch of lads.

omerin · 15-01-2011 05:13PM

I always knew Cowan and Co. would get us out of trouble, a sign of things to come, the corner has indeed been turned *

Support Irish companies and companies investing in Ireland. I always buy Intel chips

* may not be factually true

ascanbe · 15-01-2011 05:50PM

PeakOutput wrote: »

plenty of companies do have moral / social consciences. they dont overwrite the profit motive but they can certainly play a part

https://www.youtube.com/watch?v=bcYppAs6ZdI

Koloman · 15-01-2011 05:52PM

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.

It would send out the wrong signal. Even a 1% rise would frighten the multinational horses. Perception is everything in the global economy.

kowloon · 15-01-2011 06:35PM

Elessar wrote: »

Just read that on the news.

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

No, they won't even be up and running by then. The place would be upgraded and running for quite a while before it ramped into full scale production of anything.

HUNK · 15-01-2011 06:45PM

Cook my sock wrote: »

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

Sandy Bridge is where its at :pac:

Stinicker · 15-01-2011 06:46PM

Ireland is still a very competitive country and we have a massive pool of talent and brilliant people here. However we have a an absolute moron and bunch of crooks in charge (ie. the Fianna Fail traitors).

Ireland will recover and the first step is to elect Fine Gael to office whom will manage to stabilise the country (Don't expect miracles) however they will lay the ground work for the economy to recover and it is little victories like this that will get Ireland back on track to somewhere near the late nineties economic stability and correction.

One thing we must never forget is how Fianna Fail have destroyed Ireland and never ever again allow them to become a force in Irish politics. We need Labour on one side and Fine Gael on the other along the left/right divide and keep the Fianna Fail criminals out of politics for good. I would even suggest banning the party for treason.

ScumLord · 15-01-2011 07:09PM

Eugene Ancient Iron wrote: »

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...

Well then you don't know Mr Intel to well then, him and his family are lovely people.

Andy-Pandy · 15-01-2011 07:12PM

Hopefully this means one of my best mates can come home and not have to work anymore in Israel.

Tubsandtiles · 15-01-2011 07:17PM

Any news is good news or in this news great news

, I think we all deserve a seission

citizen_p · 15-01-2011 07:43PM

nice one, intel could of winded down and moved to eastren europe in the morning, with no more than ireland caring (compred to larger populations and profits for the company in thre east) good they decided to stay

johngalway · 15-01-2011 08:19PM

Intel for Teeshok, computers for all!

thecornflake · 15-01-2011 08:34PM

PeakOutput wrote: »

plenty of companies do have moral / social consciences. they dont overwrite the profit motive but they can certainly play a part

Intel are in the business of making the dollar, it just so happens that they do this by making chips.

Also , i would imagine the billions of dollars already invested in Ireland coupled with Ireland being one of their most successful locations helped their decision.

16-01-2011 01:36AM

Finally! A good news story as POTD. It's about bloody time!

peanuthead · 16-01-2011 01:40AM

Who is the contractor for this project or is it even that far ahead yet?

No mention of when this is due to take off.

OH is in construction and has been out of work so long it's not even funny - this is great news for 850 lucky people in that sector!

delonglad · 16-01-2011 01:56AM

great news. Hopefully they will ramp up production and I might get a few trips back home.

PeakOutput · 16-01-2011 03:51AM

thecornflake wrote: »

Intel are in the business of making the dollar, it just so happens that they do this by making chips.

Also , i would imagine the billions of dollars already invested in Ireland coupled with Ireland being one of their most successful locations helped their decision.

i never said otherwise

brianthebard · 16-01-2011 03:57AM

TheZohan wrote: »

<facepalm>

Seriously.....

Aren't you a clever little facepalmer? How much corporation tax do you think Google pays? I'll give you a clue its nowhere near 12.5%...

http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html

So many fools in this thread been listening with one ear to the pundits and think the corpo tax is the holy grail, well many companies here don't pay anywhere close to 12.5% and there are already countries in the EU/Europe with lower rates. Those of you who think the corporation tax is going to save this country are as narrow minded and silly as the fools who thought the construction sector would provide everlasting wealth.

PeakOutput · 16-01-2011 04:02AM

brianthebard wrote: »

Those of you who think the corporation tax is going to save this country

i havnt seen anyone say that, have you?

brianthebard · 16-01-2011 04:03AM

PeakOutput wrote: »

I haven't seen anyone say that, have you?

Yes many on this thread/forum think its our last sacred cow, the only functioning feature of our economy, our one and only hope.

eg;

Koloman wrote: »

It would send out the wrong signal. Even a 1% rise would frighten the multinational horses. Perception is everything in the global economy.

or this one;

PeakOutput wrote: »

i find this highly highly unlikely

any government who does this instantly signs their own death sentence

Chucky the tree · 16-01-2011 04:07AM

brianthebard wrote: »

Aren't you a clever little facepalmer? How much corporation tax do you think Google pays? I'll give you a clue its nowhere near 12.5%...

http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html

So many fools in this thread been listening with one ear to the pundits and think the corpo tax is the holy grail, well many companies here don't pay anywhere close to 12.5% and there are already countries in the EU/Europe with lower rates. Those of you who think the corporation tax is going to save this country are as narrow minded and silly as the fools who thought the construction sector would provide everlasting wealth.

What? We'd be screwed without the multinationals here.

PeakOutput · 16-01-2011 04:09AM

brianthebard wrote: »

Yes many on this thread/forum think its our last sacred cow, the only functioning feature of our economy, our one and only hope.

eg;

or this one;

no1 said it would save the country though did they? your putting some effort into the strawmanning to make it sound absurd

all people have said is that changing our corporation tax will further seriously damage our economy and they would be right

brianthebard · 16-01-2011 04:13AM

PeakOutput wrote: »

no1 said it would save the country though did they? your putting some effort into the strawmanning to make it sound absurd

all people have said is that changing our corporation tax will further seriously damage our economy and they would be right

They're saying its the only thing that this country has going for it now, ie that it will save the country. Try to keep up; you seem to have a problem distinguishing between interpretation or phrasing and strawman arguments. You clearly didn't read the link but with companies like Google paying an effective corporation tax of 2.4% I don't really think it will bother them at all if it went up to 20%, it would probably only raise the rate they pay a percentage, if that. But go ahead and enjoy your fantasies.

Intel you legends!

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