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  1. #11
    gleeful gleeful is offline

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    Feb 2016
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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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