Apple and Microsoft alone pay almost 40%. Crazy and not sustainable to base future government spending on these receipts.
AnyAssistance4197 on
An absolutely shambolic positions to put a country in.
Eggs. Baskets. Etc.
Weekend-Entire on
Banana Republic
FatFingersOops on
Apple and Microsoft aren’t going anywhere.
maxplanar on
Feels a little….vulnerable.
thesquaredape on
So, if all three reduce profit by say 50% next year. Government has less money for infrastructure etc…… Considering how much of a shambles it already is and that it tends to be more long term effects, how does the person on the street see an effect on their daily lives? Taxes are already quite high
Grand-Cup-A-Tea on
If they weren’t based here they’d be based somewhere else. Ireland’s FDI strategy is a good one.
Odd_Specialist_8687 on
Your going to see a lot of people leaving this little Isle if the money dries up again. We would be looking at serious Austerity I suspect the outlook would be rather bleak 🙁 .
Reaver_XIX on
At least the government aren’t pissing this all away…
snazzydesign on
How fucked will be IPAS / HAP payments be of / when their workforce can no longer afford to stay in the country
iamronanthethird on
People here are losing their minds on an article on corporation tax – again. The same article says profits at those 3 multi-nationals is expected to increase.
I wouldn’t be surprised if other economies of similar size to ours have similar distribution of tax contributors.
In any case, it would be best to look at how the corporation tax take is used for recurring spend before we collectively lose our minds in an orgy of snide and begrudgery.
Maultaschenman on
Does this number include the high PAYE tax from workers from these companies too? Or is that danger on top?
SnooChickens1534 on
God help the Irish people if the Far Left got into power. You think its bad now
ItsAllFineYup on
I really hope that installing Microsoft linked software in a government or medical facility will be considered manslaughter in the near future.
There’s no point in GDPR or ISO standards if its all built upon an NSA/Israeli rootkit.
Alarmed_Station6185 on
Lepronomics still alive and well
IllustriousBrick1980 on
the worst part is that they are never making use of the money while its here 🤦🏻♂️
Mouth_Focloir on
Crazy after all these years, knowing how dependent we are on these multinationals and how unstable it is, that there was no effort to diversify into more secure avenues by the government
Playful-Parsnip-3104 on
And this is precisely why legislating a ‚right to remote work‘ will backfire terribly on the country. We have an enormous concentration risk across both tax and employment. It is far, far easier for these multinationals to pack up and go elsewhere than it is for us to replace the tax income or find other jobs.
Tasty-Inflation-6655 on
And public spending rose by half from 2019-2024. Seems pretty sustainable!
RobotIcHead on
During the Celtic tiger days the government relied on stamp duty for financing. It is good to see we haven’t fallen back in the same pattern again.
At least we have got a decent handle on running the country and don’t have massive overruns of spanning each year.
/s so much in case it wasn’t obvious.
Willing-Departure115 on
During the Celtic Tiger it was pointed out again and again (and again and again) that the tax base was too narrow. Back then it was „too much tax comes from construction related activity, we need to be careful.“
And we know how that turned out.
I hope you are all buying new iPhone’s every year and your company is a slavish purchaser of Microsoft software licenses. Are you keeping up with Eli Lilly’s success or failure rate in delivering a pipeline of blockbuster patented drugs? Any sort of downturn in the fortunes of these companies = a bad time for Ireland.
And it’s not just the corporation taxes: These companies genuinely employ lots of people, and they pay well, which contributes to a lot of other tax heads (most notably, income tax).
We are repeating exactly the mistakes of the pre-2008 era in our tax base and spend policies.
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22 Kommentare
What could possibly go wrong?
Apple and Microsoft alone pay almost 40%. Crazy and not sustainable to base future government spending on these receipts.
An absolutely shambolic positions to put a country in.
Eggs. Baskets. Etc.
Banana Republic
Apple and Microsoft aren’t going anywhere.
Feels a little….vulnerable.
So, if all three reduce profit by say 50% next year. Government has less money for infrastructure etc…… Considering how much of a shambles it already is and that it tends to be more long term effects, how does the person on the street see an effect on their daily lives? Taxes are already quite high
If they weren’t based here they’d be based somewhere else. Ireland’s FDI strategy is a good one.
Your going to see a lot of people leaving this little Isle if the money dries up again. We would be looking at serious Austerity I suspect the outlook would be rather bleak 🙁 .
At least the government aren’t pissing this all away…
How fucked will be IPAS / HAP payments be of / when their workforce can no longer afford to stay in the country
People here are losing their minds on an article on corporation tax – again. The same article says profits at those 3 multi-nationals is expected to increase.
I wouldn’t be surprised if other economies of similar size to ours have similar distribution of tax contributors.
In any case, it would be best to look at how the corporation tax take is used for recurring spend before we collectively lose our minds in an orgy of snide and begrudgery.
Does this number include the high PAYE tax from workers from these companies too? Or is that danger on top?
God help the Irish people if the Far Left got into power. You think its bad now
I really hope that installing Microsoft linked software in a government or medical facility will be considered manslaughter in the near future.
There’s no point in GDPR or ISO standards if its all built upon an NSA/Israeli rootkit.
Lepronomics still alive and well
the worst part is that they are never making use of the money while its here 🤦🏻♂️
Crazy after all these years, knowing how dependent we are on these multinationals and how unstable it is, that there was no effort to diversify into more secure avenues by the government
And this is precisely why legislating a ‚right to remote work‘ will backfire terribly on the country. We have an enormous concentration risk across both tax and employment. It is far, far easier for these multinationals to pack up and go elsewhere than it is for us to replace the tax income or find other jobs.
And public spending rose by half from 2019-2024. Seems pretty sustainable!
During the Celtic tiger days the government relied on stamp duty for financing. It is good to see we haven’t fallen back in the same pattern again.
At least we have got a decent handle on running the country and don’t have massive overruns of spanning each year.
/s so much in case it wasn’t obvious.
During the Celtic Tiger it was pointed out again and again (and again and again) that the tax base was too narrow. Back then it was „too much tax comes from construction related activity, we need to be careful.“
And we know how that turned out.
I hope you are all buying new iPhone’s every year and your company is a slavish purchaser of Microsoft software licenses. Are you keeping up with Eli Lilly’s success or failure rate in delivering a pipeline of blockbuster patented drugs? Any sort of downturn in the fortunes of these companies = a bad time for Ireland.
And it’s not just the corporation taxes: These companies genuinely employ lots of people, and they pay well, which contributes to a lot of other tax heads (most notably, income tax).
We are repeating exactly the mistakes of the pre-2008 era in our tax base and spend policies.