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Infrastructure investment in a post covid-19 world

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    #62
    Kevtherev1
    Registered Users Posts: 154 ✭✭Kevtherev1


    Newstalk is reporting Ireland / Apple have WON their appeal against EU competition commission. In relation to the Apple taxes 13 billion.



    So Ireland wont get the money. And the vested business and multinational interests breath a sigh of relief.


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    #63
    AlmightyCushion
    Moderators, Education Moderators, Technology & Internet Moderators Posts: 35,056 Mod ✭✭✭✭AlmightyCushion


    Kevtherev1 wrote: »
    Newstalk is reporting Ireland / Apple have WON their appeal against EU competition commission. In relation to the Apple taxes 13 billion.



    So Ireland wont get the money. And the vested business and multinational interests breath a sigh of relief.

    From what I remember, no other company used this method to avoid tax so why would any other multinational breath a sigh of relief.


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    #64
    Yellow_Fern
    Registered Users Posts: 2,578 ✭✭✭Yellow_Fern


    Great news. I am not a lawyer or a tax expert but the idea of the Commission retroactively changing our tax policy decades ago send out the wrong message to the business world.


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    #65
    Sam Russell
    Moderators, Science, Health & Environment Moderators Posts: 19,411 Mod ✭✭✭✭Sam Russell


    Sam Russell wrote: »
    That article is from 2016 and sourced from the Indo. Hmmm.

    The judgement is one that concerns competition, not tax. The underpayment of tax gives Apple a competition advantage. Paying the tax removes that competitive advantage.

    How do other countries claim the tax as it would fall under Irish tax laws that should have applied if the (supposed) illegality of the provisions that Apple took unlawful advantage. Their claims would apply anyway, irrespective of the judgement, and would be additional to the amount underpaid to Ireland.

    [I am not a tax lawyer!]
    Cookiemunster wrote: »
    Are you a tax expert? (Genuine question)

    If you read the previous post quoted above, you would already know the answer.

    The decision has gone in Apple's and Ireland's favour.


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    #66
    namloc1980
    Registered Users Posts: 18,090 ✭✭✭✭namloc1980


    Is there going to be any infrastructure news in the July Stimulus package? From what I've been reading it is mostly focused on current expenditure measures/supports with very little capital focus. Any thoughts?


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    #67
    Sam Russell
    Moderators, Science, Health & Environment Moderators Posts: 19,411 Mod ✭✭✭✭Sam Russell


    namloc1980 wrote: »
    Is there going to be any infrastructure news in the July Stimulus package? From what I've been reading it is mostly focused on current expenditure measures/supports with very little capital focus. Any thoughts?

    The distinction between capital and current expenditure can be blurred.

    In the aftermath of the crash, the Irish Gov borrowed hugely to pay dole to tose out of work. That was current expenditure.

    They could have chosen to hire builders to finish the half built houses, and to start building the planned and approved M20, and the Dart Underground. That would have been capital expenditure.

    Now we have a huge national debt and not enough houses and no Dart Underground.

    Our national debt is a multiple of the cost of the bail out to the banks because of the high social welfare costs.

    NAMA is congratulated for selling all the loan assets quickly at a price higher than the trivial price (50% discount) that they were assigned to them for. If they got them at full book value, they would be measured on how much of that they got back - not an artificial figure. Many of their sales were flipped at huge profits by the vulture funds that bought them, with no claw back for the state. Those profits were not even subject to Irish tax.

    We need to spend hugely on infrastructure - the M20, Metrolink, Dart Underground, Dart Expansion, and very big on social housing.


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    #68
    marno21
    Moderators, Entertainment Moderators, Science, Health & Environment Moderators Posts: 14,353 Mod ✭✭✭✭marno21


    Irish macroeconomic policy is consistent in its ignorance of counter cyclical fiscal policy.

    If you aren’t cash rich for infrastructural projects it doesn’t make sense to commence construction when there are labour shortages in the industry and when construction inflation is high.

    That’s aside from the stupidity of the number of redesigns all the infrastructure projects have had. How much has been spent to date just on planning and design of the DART Expansion, Swords/Airport metro and Cork-Limerick road improvements throughout the years

    And the shortsightedness too. There are “relief roads” of Newcastlewest and Abbeyfeale in planning despite it being clear that traffic levels at Newcastlewest will require a motorway in the medium term.


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    #69
    namloc1980
    Registered Users Posts: 18,090 ✭✭✭✭namloc1980


    €115m for transport related items in the €7.4bn Stimulus plan which is about 1.6%.

    https://www.gov.ie/en/publication/b8bc5-july-jobs-stimulus-plan/


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    #70
    riddlinrussell
    Registered Users Posts: 988 ✭✭✭riddlinrussell


    namloc1980 wrote: »
    €115m for transport related items in the €7.4bn Stimulus plan which is about 1.6%.

    https://www.gov.ie/en/publication/b8bc5-july-jobs-stimulus-plan/

    €0.25 million for zero emissions local link services? So they are buying 2 new buses?


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    #71
    marno21
    Moderators, Entertainment Moderators, Science, Health & Environment Moderators Posts: 14,353 Mod ✭✭✭✭marno21


    riddlinrussell wrote: »
    €0.25 million for zero emissions local link services? So they are buying 2 new buses?
    Charging infrastructure too.

    It's quite underwhelming. But not underwhelming by Irish standards all the same.


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    #72
    Sam Russell
    Moderators, Science, Health & Environment Moderators Posts: 19,411 Mod ✭✭✭✭Sam Russell


    riddlinrussell wrote: »
    €0.25 million for zero emissions local link services? So they are buying 2 new buses?

    I would think 4 or 5 EV taxis would be the most they could get for that.

    An EV bus would cost more than €300k. So not even one bus.

    I was hoping they would commit to fast tracking the Metrolink.


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