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  1. #11
    gleeful gleeful is offline

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    Still dont see how it makes any difference. The IP is already 'resident' in the US. Thats what allows these companies to pay 0% Irish tax and 0% US tax. These are US profits which remain untaxed by the US.

    If the US closes that loophole, well 12.5% is lower than 20% isn't it.

    Its a myth that Ireland allows companies to avoid US tax. We actually allow companies to avoid German and French tax.
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  2. #12
    constitutionus constitutionus is offline

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    CNBC reporting McCain is on board for the bill.
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  3. #13
    gleeful gleeful is offline

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    Quote Originally Posted by constitutionus View Post
    CNBC reporting McCain is on board for the bill.
    At least until the last moment, as usual.
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  4. #14
    idaworldbeaters idaworldbeaters is offline

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    Some of you seem to have a misunderstanding of why US FDI is here at all. They are not here for the good of OUR health. They are here to service the European market. More particularly the EU market. Just as European companies , including many Irish , set up in the US to service that market. The only real issue re this announcement is that retained profits currently held in Europe may now be re-patriated.
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  5. #15
    gleeful gleeful is offline

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    Quote Originally Posted by idaworldbeaters View Post
    Some of you seem to have a misunderstanding of why US FDI is here at all. They are not here for the good of OUR health. They are here to service the European market. More particularly the EU market. Just as European companies , including many Irish , set up in the US to service that market. The only real issue re this announcement is that retained profits currently held in Europe may now be re-patriated.
    Taxing profits held abroad is actually a great thing for Ireland. It will encourage US multinationals to restructure so that they get taxed in Ireland at our lower 12.5% rate.
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  6. #16
    robut robut is offline

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    GOP tax bill passes Congress

    Next stop .. the Donalds desk!
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  7. #17
    constitutionus constitutionus is offline

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    Apple goin full in on it.

    Breaking on CNBC now.
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  8. #18
    Mick Mac Mick Mac is offline

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    Quote Originally Posted by constitutionus View Post
    Apple goin full in on it.

    Breaking on CNBC now.
    Say what?
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  9. #19
    Mick Mac Mick Mac is offline

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    https://www.google.ie/amp/s/www.cnbc...r-5-years.html

    That sounds a lot alright. Seems positive.
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  10. #20
    constitutionus constitutionus is offline

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    sorry was on the phone till recently

    here a copy and paste of me post in the "immdediate effects of donald trump" thread

    MASSIVE news.

    Apple to repatriate almost all its cash pile. Lookin like 200 bil or so.

    Theyre stating they're to pay 38bil in tax. To the US government.

    Also talk about 350bill to be invested in America over next 5 years and create 20k jobs


    All down to trumps tax plan.
    by my maths its somewhere around 250 BILLION or so theyre bringing back. which IIRC is the vast guts of its 300 billion off shore.

    dont know why they worded it the way they did in their release to CNBC , only sayin how much in tax they'll be paying on it, but its at 15.5% so ya can work it out easily enough.

    EDIT.

    more on it as the story develops.

    http://www.oregonlive.com/business/i...nd_campus.html
    Last edited by constitutionus; 17th January 2018 at 08:13 PM.
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