jm + tax-evasion   1

Corporate Tax 2014: Irish Government's "flawed premise" on Apple's avoidance
According to our calculation about €40bn or over 40% of Irish services exports of €90bn in 2012 and related national output, resulted from global tax avoidance schemes.

It is true that Ireland gains little from tax cheating but at some point, the US tax system will be reformed and a territorial system where companies are only liable in the US on US profits, would only be viable if there was a disincentive to shift profits to non-tax or low tax countries. The risk for Ireland is that a minimum foreign tax would be introduced that would be greater than the Irish headline rate of 12.5%.

It's also likely that US investment in Ireland would not have been jeopardized if Irish politicians had not been so eager as supplicants to doff the cap. Nevertheless today it would be taboo to admit the reality of participation in massive tax avoidance and the Captain Renaults of Merrion Street will continue with their version of the Dance of the Seven Veils.
apple  tax  double-irish  tax-avoidance  google  investment  itax  tax-evasion  ireland 
march 2014 by jm

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