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Thread: Google avoid paying our 12.5% RATE

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    Politics.ie Member TradCat's Avatar
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    Default Google avoid paying our 12.5% RATE

    This is the lead story on Drudge. They are even avoiding our 12.5% rate

    Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes - Bloomberg

    Google, the owner of the world’s most popular search engine, uses a strategy that has gained favor among such companies as Facebook Inc. and Microsoft Corp. The method takes advantage of Irish tax law to legally shuttle profits into and out of subsidiaries there, largely escaping the country’s 12.5 percent income tax.
    Weren't we working on the assumption that they were paying hear to cheat the Americans. Turns out they are cheating us too!

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    Politics.ie Member Monday Monday's Avatar
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    So the sacred cows our Corporation tax is supposed to attract don't even pay the corporation tax.

    The boom got boomier and the bust gets bustier.

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    Politics.ie Member HarshBuzz's Avatar
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    simple statement; Google are not avoiding tax in Ireland

    they are however using wholly-legal means to reduce their net global tax bill down to very low levels. None of this is illegal in any way.
    “'retail deposit flight, I don't see that as a great danger. Ireland is an island” - Brian Lenihan - to hundreds of international investors

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    ************************ it why not, sure absolutely every mother ************************************ is at it now!

    I give up!
    The true "front line workers" are the private sector paye employees who are first to take the bullet. Cannon fodder for their state and the public sector.

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    Politics.ie Member TradCat's Avatar
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    Quote Originally Posted by HarshBuzz View Post
    simple statement; Google are not avoiding tax in Ireland

    they are however using wholly-legal means to reduce their net global tax bill down to very low levels. None of this is illegal in any way.
    Of course they are avoiding tax. Nobody is accusing them of evading tax which would be illegal.

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    I Googled Irish Corporation Tax and nothing came up...
    “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” - Friedrich A. Hayek

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    Politics.ie Member ocoonassa's Avatar
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    Eoin Dorgan, a spokesman for the Irish Department of Finance, declined to comment on Google’s strategies.

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    The banks do similar things, shifting profits between companies, they often use lease companies to facilitate this.

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    Politics.ie Member TradCat's Avatar
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    So the sacred cow of our 12.5% rate is in fact an international joke. We might as well make it 30% because they don't pay it anyway. Or be honest an make it zero because we are not that pushed about collecting it.

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    Politics.ie Member firefly123's Avatar
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    Wasn't googles corporate motto "don't be evil" or something similar. I guess they have turned to the dark side.

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