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Because they have a lower corporate tax rate then the US and US companies are opening there.
Obama wants Ireland to discourage US companies from opening subsidiaries there.
When the tax is 3x as high in your home country and you can afford to globalize for lower rates then you will.
Tax someone high enough and long enough and eventually they will find a new home.
Ireland has too much to lose to deter U.S. companies re-homing
Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax domiciles.
Ireland's low corporate tax rate of 12.5 percent is a natural lure for U.S. companies looking to set up an overseas hub, and for Dublin the pay-off is new jobs, but in so-called inversion deals the company then switches its overall tax domicile from the United States, where the rate is 35 percent, to its new home.
Last edited by Ibginnie; 07-30-2014 at 09:27 AM..
Reason: copyright violation
1 thing some people don't see it it ain't just the low tax in Ireland "making" companies move there.
I've never been to the Emerald Isle but word is it's real pretty, since the IRA and PDL "Troubles" have pretty much stopped AND English is the main language there even tho Dublin's TRYING to shove Gaelic down the peoples' throats; all of that would draw businesses to move there. Word is Ireland's now a pretty nice place to live in 2014.
I don't know why any working citizen wouldn't be mad at Multi-National Corporations that have abandoned The US and turned our once prosperous nation into a shell.... They have proven that they have no allegiance to this nation-or any, and they don't need to.
We don't have to "adjust" to the rest of the World (most of which live in dire poverty) and lose all of the progress employees have made the past 100 years setting living standards to new levels and creating the largest middle class the World has ever seen. We only need to change our tax laws and get rid of loopholes that have allowed a tiny fraction of a fraction of people to horde more wealth than ever before in our modern history.
1 thing some people don't see it it ain't just the low tax in Ireland "making" companies move there.
I've never been to the Emerald Isle but word is it's real pretty, since the IRA and PDL "Troubles" have pretty much stopped AND English is the main language there even tho Dublin's TRYING to shove Gaelic down the peoples' throats; all of that would draw businesses to move there. Word is Ireland's now a pretty nice place to live in 2014.
I have family there. It's still pretty expensive but my uncle tells me the country is over their hump and slowly making a comeback. Ireland exited the IMF austerity mandates in December 2013.
Ireland has 2 official languages, English and Irish Gaelic. Everyone speaks English but not everyone knows/speaks Gaelic (40%).
I'm a dual citizen and follow what goes on there. Should the US go to hell in a hand basket that's my bailout country
So basically, multi-national companies move from country to country like locousts.. bargaining for the lowest tax rates and the most lenient labor laws. After they consume every natural resource in said country, they move on to the next (lowest) bidder.
So basically, multi-national companies move from country to country like locousts.. bargaining for the lowest tax rates and the most lenient labor laws. After they consume every natural resource in said country, they move on to the next (lowest) bidder.
Smells like a race to the bottom....
Ireland is NOT China.
And what "natural resource" is Apple consuming over there ?
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