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Thread: Corporate Tax on the agenda for the G20: How many times will Ireland be namechecked?

  1. #1
    Politics.ie Member Sync's Avatar
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    Default Corporate Tax on the agenda for the G20: How many times will Ireland be namechecked?

    The UK Chancellor George Osborne and his French and German counterparts are to call for global tax rules to clamp down on corporate tax avoidance.

    The three will seek backing from other leaders at the G20 summit in Moscow.

    A survey carried out by the OECD found that multinational companies could exploit gaps between the tax rules in different countries they operated in.
    BBC News - UK, France and Germany to back global tax rules at G20

    Back in the spotlight! George and his French and German counterparts agreed in December to try and battle companies engaging in tax shopping, and they mentioned Ireland and Netherlands at the time. Now they take the show to the G20. It's something Obama's on board with as well:

    Obama corporate tax reforms may hinder FDI into Ireland - Independent.ie

    Facing elections in November, Mr Obama unveiled a series of measures last night to tax American companies operating overseas. The president's proposed reform of America's corporate tax code includes a minimum tax on profits made by US firms overseas -- negating one of the key reasons for many US companies to set up in Ireland.
    And it's natural for them to want this. If Facebook earn 90% of their revenue in the US, you can understand the argument that the US is where they should pay their corporate tax, or that they should pay 90% of it there.

    But how do you do that? It's easier for the US (although a step down the protectionist route) to say that companies registered there have to pay their tax there, and simply crush anyone who doesn't comply through regulations.

    But how in the EU? You can't tell me where to pay my corporate tax at the moment without unanimous reform. And what would this reform look like? Would Mercedes have to pay all the corporate tax in Germany, despite raising most of it's revenue outside? Would they have to pay in each country they sold to? And if they did, why would they have to but not Tom the farmer who exports €5k of milk a year to France?

    I'm guessing they'll reach an accord to do something without defining what that something is.
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    Politics.ie Member neiphin's Avatar
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    we have turned the corner
    "If we VOTE YES there will be no more austere budgets. Fact " Hammer, mayday 12'

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    Politics.ie Member Crazy horse 6's Avatar
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    We have been getting away with this scam for too long now. We voted for a united europe more than once so time for a fair playing field.

  4. #4

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    Lots, but who cares right?
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

  5. #5

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    Ah the vote buying socialists , they have ran out of other peoples money ,which usually happens .The Western Welfare states are on the tax rampage , they will drive investment out , see umemploymnet rise , see money supply reduce as the corporations and rich go where their money is respected and safe from the parasitic hands of blood sucking politicians .The West is slowly but surely becoming one big commie ,big brother state.
    It Hilarious that people will vote for half wits that use hate and class politics to rally votes .People wake up its your government with the help of their masters the banksters that are the problem not business .

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    Politics.ie Member Analyzer's Avatar
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    The problem here is that when our establishment decicded to sell out on the Anglo Bondholders business, we have been left in a very weak position.
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Quote Originally Posted by Crazy horse 6 View Post
    We have been getting away with this scam for too long now. We voted for a united europe more than once so time for a fair playing field.
    Hello internal market.
    Happiness is a dry martini and a good woman … or a bad woman.
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    Are the US and the EU not presently in the early stages of negotiating a free trade area between them ?
    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

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    Quote Originally Posted by Pat Gill View Post
    Are the US and the EU not presently in the early stages of negotiating a free trade area between them ?
    No. They're having meetings about talking about it for the purpose of being seen to be doing something.
    Happiness is a dry martini and a good woman … or a bad woman.
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  10. #10

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    Yeap they are
    Quote Originally Posted by Pat Gill View Post
    Are the US and the EU not presently in the early stages of negotiating a free trade area between them ?

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