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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Thu Sep 01, 2016 10:27 am 
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Joined: Feb 21, 2008
Posts: 4206
Mantissa wrote:
jmc wrote:
Lets see who was in power in 1991..

Oh, it was Charles Haughey. Enough said?

And we had three Finance ministers in 1991:

- Albert Reynolds
- Charlie Haughty (acting)
- Bertie Ahern

And then when it was renewed in 2007:

- Brian Cowan

Yep, enough said!


Is that four of a kind or a royal flush?


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Thu Sep 01, 2016 10:29 am 
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Planning Tribunal Attendee

Joined: Nov 26, 2008
Posts: 1495
Mantissa wrote:
jmc wrote:
Lets see who was in power in 1991..

Oh, it was Charles Haughey. Enough said?

And we had three Finance ministers in 1991:

- Albert Reynolds
- Charlie Haughty (acting)
- Bertie Ahern

And then when it was renewed in 2007:

- Brian Cowan

Yep, enough said!


I was wondering why FF were being abnormally quiet on this!

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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Thu Sep 01, 2016 12:35 pm 
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Joined: Sep 13, 2007
Posts: 31334
Location: Tullamore
Mantissa wrote:
yoganmahew wrote:
Mantissa wrote:
Renting And Proud! wrote:
Another simpleton question

Noonan & FG are repeating that Apple did not get a special deal

Does the EU ruling completely contradict this is (i.e. they're lying) or are they deliberately using semantics to avoid it technically being a lie?


It is a lie at every level. Revenue agreed to calculate their tax based on their expenses rather than their profits. This is unheard of as far as I know.

Well, no, that's not the way I understand it - I think there are two elements - the stateless corporation (Apple not HQ'd in Ireland, so profits outside Ireland are not taxed in Ireland, but in country of HQ. That there was no HQ, not Ireland's business - that appears to be the main source of Ireland's defence). Second - the whole "what's a profit anyway" thing - this is a much wider issue and is at the heart of the headquartering in Ireland, I think this is what the EU are really after and where the Revenue are on ropey ground.

But I haven't been paying that much attention; my yellow-pack MNC job is keeping me busy :|


Prepare to be amazed:

Quote:
In 1991, a basis for determining Apple Computer Ltd.’s (subsequently AOE’s) Irish branch net profit was proposed by Apple and agreed by Irish Revenue. According to that ruling, the net profit attributable to the AOE branch would be calculated as 65% of operating expenses up to an annual amount of USD [60- 70] million and 20% of operating expenses in excess of USD [60-70] million. This was subject to the proviso that if the overall profit from the Irish operations was less than the figure resulting from this formula, that lower figure would be used for determining net profits.


Quite unprecedented AFAIK.

Wow :shock:

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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Thu Sep 01, 2016 2:06 pm 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 5500
Location: SthDub
The Irish Times, as predicted!

John McManus: Why we have no right to spend Apple’s €13bn
The money does not belong to us and we should give it back to its owners
http://www.irishtimes.com/opinion/john- ... -1.2774603


Editorial:
EU decision on Apple: Are we defending the indefensible?
In the absence of standardisation of rates or tax bases, the state aids inquiry is a clumsy, blunt mechanism
http://www.irishtimes.com/opinion/edito ... -1.2774625


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Thu Sep 01, 2016 5:33 pm 
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Joined: Dec 2, 2013
Posts: 2305
I watched Six One there.
The EU commissioner was a bit disingenuous saying that a company without staff or operations can't have Revenue. She knows full well that patent company's exist.

Richard Bruton was very very weak when giving his view 'EC can't act as judge jury executioner'. I'd hate to see him up against her in any intellectual battle.

We urgently need someone outside the echo chamber to independently review what Revenue, MNC and the Big 4 have been up to.

Has the simple word 'Fraud' been used yet ?
Ireland is like a Liberian registered oil tanker. Getting approval from our government and revenue has precisely f**k all moral weight.

Brian Hayes is furiously back peddling now saying 'these are legacy issues' 'Noonan changed the rules'


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Fri Sep 02, 2016 12:00 am 
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Location: Australia
There is probably a ton highly experience people in EU trading law located in London who could be used after the Brexit


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Fri Sep 02, 2016 12:12 pm 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 5500
Location: SthDub
From today's IT:

Quote:
Sir, – On one or two occasions over the last 40 years of paying tax, I received small refunds due to overpayment. I never appealed this to the Revenue. It wouldn’t have felt right. – Yours, etc,
GEOFF SCARGILL,
Bray, Co Wicklow.


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Fri Sep 02, 2016 5:34 pm 
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Joined: Nov 20, 2014
Posts: 994
FreeFallin wrote:
The money does not belong to us and we should give it back to its owners


Well if no one wants the money i would be happy with 0.05% of it :lol:


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Sat Sep 03, 2016 6:47 am 
Online
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Joined: May 12, 2012
Posts: 1880
There is an assumption here of some big political-administrative-corporate nexus here.

It is not how it works.

The government sets tax policy, and leaves it to Revenue to implement it.

No one can give Revenue a call (not the Minister, not the head of the IDA) and be told how much any firm pays in tax.

This is not how it works in many countries, but Ireland but taxpayer confidentiality is taken incredibly seriously at all levels in Revenue.


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Sat Sep 03, 2016 6:57 am 
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If you really think that is how things work here, you are being naive.

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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Sat Sep 03, 2016 12:46 pm 
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Joined: Apr 30, 2013
Posts: 1648
Skippy 3 wrote:
There is an assumption here of some big political-administrative-corporate nexus here.

It is not how it works.

The government sets tax policy, and leaves it to Revenue to implement it.

No one can give Revenue a call (not the Minister, not the head of the IDA) and be told how much any firm pays in tax.

This is not how it works in many countries, but Ireland but taxpayer confidentiality is taken incredibly seriously at all levels in Revenue.

Eh. this guy would agree with you.
Image


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Mon Sep 05, 2016 2:04 pm 
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Posts: 2972
Location: The Second Æther! Hull Breach Imminent, Eschaton Immanent...
grumpy wrote:
If you really think that is how things work here, you are being naive.

+1
I'll admit it is how it's supposed to work, and how it's said to work. However, I would have no reason to be confident that that is in fact how it works, and the track record around things like bank regulation etc., support that skepticism.

skippy3 wrote:
No one can give Revenue a call (not the Minister, not the head of the IDA) and be told how much any firm pays in tax.

This is not how it works in many countries, but Ireland but taxpayer confidentiality is taken incredibly seriously at all levels in Revenue.

If I was either a Minister or an IDA official and wanted to know how much a firm pays in tax in order to help them out, the obvious place to get that information is from the firm itself.


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Tue Oct 25, 2016 7:49 pm 
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EC proposes mandatory consolidated tax rules for large companies

http://www.rte.ie/news/business/2016/10 ... tax-rules/

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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Tue Oct 25, 2016 7:55 pm 
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Joined: Dec 28, 2006
Posts: 5578
You have to give Ireland opportunities to openly display their contempt for their partners in the E.U. before you can move against them. This is one of those opportunities.
At present it is business as usual.
Would the big German and French companies really miss the trade they do with Ireland.
Is there any common infrastructure policy that depends on a country on the periphery that warrants the leakage of trillions of taxable activity in the greater E.U.


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 Post subject: Re: Will Ireland's corporation tax survive?
PostPosted: Sun Sep 24, 2017 5:39 am 
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Posts: 14806
There are other taxes in the pipeline.

German Parties Vying in Elections Differ on Domestic Taxes - -> https://www.bna.com/german-parties-vying-n57982088239/

Quote:
Germany’s two major parties have different visions for Germany’s domestic tax policy: Chancellor Angela Merkel’s conservative Christian Democrats (CDU) and their Bavarian sister party, the Christian Social Union, want no tax hikes. The center-left Social Democrats do.

But the two parties who are heading into Sept. 24 elections agree when it comes to Germany’s role in combating VAT non-compliance vis-a-vis international cooperation. Attorneys, tax advisers and lawmakers told Bloomberg BNA that the parties likely will reunite in a repeat of the so-called Grand Coalition that has governed Germany for eight of the past 12 years because neither is predicted to receive an outright majority.

While some are disappointed with the lack of innovation at the domestic level that could potentially expedite an international crackdown on shady e-commerce practices, others say that staying the course during the next legislative period and working transnationally to combat tax evasion is a radical move in and of itself

there is more



E-commerce platforms face new VAT liability rules - -> https://www.euractiv.com/section/digita ... ity-rules/

Quote:
Online retailers such as Amazon could come under tighter scrutiny and be forced to collect VAT from companies whose items they sell, according to new changes that EU member states made to a draft bill.

E-commerce platforms could face new regulations that would make them legally responsible if they sell products from companies that do not pay value-added tax. A majority of diplomats from EU countries have already backed changes to the bill, according to a working document obtained by EURACTIV.com.
<snip>
Amazon has warehouses in Italy, Germany, the Czech Republic, France, Spain, Poland and the UK.

The European Commission did not include new liability rules to apply to online platforms when it proposed the VAT overhaul in December 2016. All member states, the European Parliament and the Commission must agree on the bill before it can go into effect.
<snip>
Other industry sources suggested that online retailers that are based outside the EU and do not have warehouses in the bloc could be given an advantage under the proposed rules. They might be able to ship items to an address in a member state but will not be held liable for collecting VAT on behalf of the companies that made the product.

Online shopping is becoming more common in the EU. 55% of shoppers aged 16-74 had shopped online in the last year, according to 2016 Eurostat figures. 89% of those shoppers bought from retailers in their home member state, while 20% purchased from sellers outside the EU.

there is more



Netflix, YouTube to Pay Tax on Turnover in France Under New Law - -> http://variety.com/2017/film/global/net ... 202565236/

Quote:
The European Commission has greenlit a long-gestating French draft measure to have foreign streaming services such as Netflix and video-sharing websites such as YouTube that distribute content in France but are not fiscally established there pay a 2% tax to France’s National Film Board.

Upon receiving the European Commission’s approval, the French government signed a decree Thursday to enforce the new measure. The 2% tax will be levied on revenues made in France from subscriptions, in the case of Netflix, and from advertising, in the case of YouTube.

The money will be used by the film board, known as the CNC, to help finance French original content, from movies to TV series, video games and digital programs, via subsidies. The CNC expects to receive 2 million euros ($2.4 million) from Netflix and 2.5 million euros ($3 million) from YouTube, according to a source at the organization.

there is more


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