Tim really throwing the kitchen sink at this tax thing, which ironic given that blueshirt hero Dinny claimed he didnât have one so as not pay tax on his digifone profit.
What are we gonna spend this 13B on then?
Civil service wages
Defined benefit pensions.
Opposing planning applications from apple
Erm I donât like DOB. I argued and argued that he should have been the COTY in 2015 after my original choice Paddy Cosgrave was kicked out. Our team won despite the powers that be in here whipping the Priests up to gerrymander the vote.
Sidney even thought I was one of his own after that.
There is a hellova a lot I dislike about Irish tax policy and FG policy of late. I find the charity thing that vultures indulged in to be wrong and it should never have happened. The double Irish was wrong and was the real morally dubious thing about Ireland and multinational, Iâm glad itâs closed. I donât like in principle the idea of low inheiritance tax and FG have been looking to feather their voting nest with that.
I simply believe this case by the EU is an infringement on our sovereignty and is apart of a global play to try and get tax revenues that are not Europeâs.
What?
The spirit of the thing is what Iâm arguing.
Youâre a businessman and obviously pay corporation tax.
Do you think you should pay corporation tax in two juristictions on the same profits? When you do something in business, where did that originate from? What country facilitated the actual value you created? Thatâs what the substance of any CT should be.
I believe I should pay tax in Ireland on profit on actual transactions in Ireland, tax in Uzbekistan on actual transactions there etc etc.
I donât believe I should be allowed by a country prepared to race further to bottom than competitors to book profits through it to avoid this.
It is wealth siphoning.
That is all.
How does that work for an Irish or British company which sells to numerous different countries where they design, build and do 90% of what it takes to sell a good?
It is impossible. Transfer pricing exists for a reason.
It isnât at all impossible. Itâs actually easier than transfer pricing.
In any case, presumably your view is consistent with multinational companies paying tax in their obvious home country, rather than in a boilerplate constituency which they pick based predominantly upon the facilitated tax rate.
Youâre still not answering the question.
You canât pay CT where youâre not incorporated. What youâre saying is impossible without registering companies in that juristriction.
When an Irish registered company in the agri sector sells into Europe the profit is solely taxed in Ireland. This makes absolute logical sense.
There is no theft from small countries. That is a country which is producing and exporting. Itâs competition, plain and simple.
The double Irish was absolutely wrong no question. But substantially the tax is owed in the US and will be paid there. The EU are trying to usurp the international position of the OECD here.
Fair play to him for sticking to his guns
I heard a bit of the back and fourth on the radio last night. He eviscerated them
He had the comfort of knowing heâs retiring anyway I suppose, but he didnât spare the timber
Economic growth of over 7% last year, 5% with multis stripped out. Double the euro zone.
Largest number of start ups ever.
Major CapEx programme coming.
Thank you Michael.
Whatâs the real %
How much of that growth was on the BBC?
State likely to get âŹ233m on dividends from AIB, which has reported a pre-tax profit of âŹ1.6bn.
Facking rollin in it
Passed by an office block earlier that is home to one of the countryâs largest construction companies. A 181 Porsche Panemara and a 172 Tesla Model S parked out front. Great to see.
Probably PCP financed.