Iwasfrozen wrote: » The wages of ordinary people grew strongly under her leadership.
Tail Docker wrote: » Did they fcuk. I grew up under her leadership. You're wrong, simple as.
Iwasfrozen wrote: » Thatcher turned Britain's economy around. Source: http://www.economist.com/blogs/graphicdetail/2013/04/daily-chart-6
Tail Docker wrote: » Right into a massive recession, that Blair strolled out of, purely by luck and financial manipulation. Go away with your charts, I lived right through it and lost a fortune when the arse fell out of the UKs economy. She was a wagon, and a wagon for the Corporates.
Iwasfrozen wrote: » "Go away you with yer charts and facts. Wages fell under Thatcher because I say so and it doesn't matter if the facts say different."
Tail Docker wrote: » Ok. I pay wages, not take them, but lets roll with it. I was paying lads £60 a day "under Thatcher" in the late '80's. That was the average, going rate. The average now here is €100.00. Do the math. Thats throwing in 24 years of inflation... so jog on. Wages have fallen drastically, in real terms. And they'll fall further yet.
Hootanany wrote: » But if we even getting 12.5% but we are not false accounting
Mr_Red wrote: » These companies employee people and the government taxes the employees. they bring great business into the communities like areas in Cork, Kildare , Dublin, Galway and so on. The EU can go fcuk themselves
pablo128 wrote: » I have a genuine question. If the multinationals were made pay the full 12%, and threw their toys out of the pram, what other european country would they do better in? And how much importance is there in Ireland being an english speaking country in all of this?
Piliger wrote: » They have a wide choice across the northern part of Europe. They would benefit hugely from local infrastructure, while the employment and commercial legal environment would be on a par. When multinationals make decisions they make them often on what look like tiny margins. Because tiny margins become huge money when they are scaled up. English speaking is a definite plus, but only a superficial one. Multinationals are operating in a multi lingual environment every day across the globe and whether they move a big factory from Waterford to Belgium won't cause them any real inconvenience. Not on the scale that they operate in. Most successful multinationals here, especially in the pharma sector, also operate at a level where they can relocate with minimum downside. Being able to do so benefits them enormously when tax changes and commercial legal frameworks change across the globe. This is what makes our low tax environment so successful and so lucrative for us. Not only do we get the jobs, and the employer's employment taxes, but we also get the commercial cash flow into the country generating almost as many ancillary jobs as there are in the original multinational operation. Stupid short sighted people focus on the Corporation Tax because they are driven by class warfare and envy, instead of realism and commercial nouse.
Piliger wrote: » She was a massive saviour for the British economy, the middle classes and those who wanted to work instead of spending their days whinging about their entitlements - and she was also a massive benefit to the Irish economy in the same way.
UCDVet wrote: » Meh - it's a catch-22. It's easy to say, 'look at all these multinationals! Not paying taxes!' But on the flip side, why are a lot of these multinational companies here? Because we gave them great deals on taxes. I work for a large multinational financial services-type company. They have offices all over the world and they do have staff that are meant to be experts in local tax laws. Whenever there are changes to tax laws, they do a cost/benefit analysis. If they can make more money by moving the office, they will. That's it. It's all about money. They have moved offices, and the employees that didn't want to/couldn't go to the new office, we left jobless. And they have done it strictly to avoid taxes. They're in Dublin now because of taxes. They employ a lot of workers though, most of them being well paid positions. That's a lot of income tax and it hits that 51% bracket awfully fast. A good percentage of my co-workers *came* to Dublin to work here, we interview people from all over the world. It's not like another company would just take it's place or that these people would be paying Irish income tax otherwise. That's not the case. Increasing taxes is a tricky proposition, because as soon as the cost of moving the office is less than the tax difference, they company will leave Dublin just as fast as they came. It'd suck for their employees, people like me would be out of a job - but it's strictly business for them. They don't care either way.
Frank Lee Midere wrote: » In many ways she was an economic vandal. Britain was workhorse of the world. Now it's the financial capital, a tourist destination and a place for the super rich to park their wealth in property.
Frank Lee Midere wrote: » I suspect that English speaking is more important than you think. Specially for IT. Learning a new language is a barrier to emigration but most IT workers speak it anyway. So coming to Ireland isn't a chore. Going to Germany means you need both German and English to work for a company headquartered in the US ( which is what we are talking about here). Plus unlike other fields you can't just pay low wages, you pay high wages and hope the best emigrate. Ireland is in a relatively good position.
Hootanany wrote: » http://m.independent.ie/business/irish/eu-launches-probe-into-revenue-special-deals-for-multinational-firms-30333572.html How much of encomamy could be solved if these companies paid their tax
Hootanany wrote: » But what about the SME getting a break?
Piliger wrote: » All IT people in Germany and most northern European countries speak fluent English.
Piliger wrote: » Oh yeah the workhouse of the world, where the tax payer was subsidising coal mines and car manufacturers to the tunes of billions every year and rubbish was piling up on the streets and bodies weren't being buried. Wonderful !
Frank Lee Midere wrote: » By the way it was the workhouse of the world for generations.
Piliger wrote: » Are they threatening to move abroad en masse ? On a broader note yes I do agree that small businesses need to be treated way way better. All during the recession that have been treated like ****, and targeted in an incredible aggressive way by the revenue for example.
steddyeddy wrote: » Life in a northern town all the work shut down.
Frank Lee Midere wrote: » Yeah the best thing to do there was to close all that down and not try replace the industry. By the way it was the workhouse of the world for generations.
Iwasfrozen wrote: » What does a smart owner do with a business that costs more money than it brings in?
