FabSwingers.com forum: Dublin poised to be the big winner from Brexit

By *xplicitlyrics OP Man
over a year ago

south dublin

https://www.theguardian.com/business/2017/jul/15/dublin-first-choice-london-banks-brexit-relocation-plans

Despite the housing gap it looks like Dublin is ahead of the rest of the EU cities in landing the companies and jobs from Brexodus.

While I fully expect Frankfurt to be the overall winner in the end, it looks like Dublin will be getting thousands of jobs and a lot more taxable revenue.

Brexit is a rare issue where the Irish government deserves some praise in how they've handled it. With Brexodus a forgone conclusion it will be very interesting for the Irish to see what comes out of the next few weeks announcements and leaks regarding how much benefit we'll get from all this disruption.

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By (user no longer on site)
over a year ago

Of course it is. Because corporation tax in Ireland is relatively low by EU standards.

Ireland’s fellow-member states in the European Union have consistently condemned and criticised the Irish corporation tax system.

If your company is big enough you pay hardly any corporation tax! Apple only paid an effective corporate tax rate that declined from 1% in 2003 to 0.005% in 2014 on the profits of Apple Sales International.

No wonder they're ditching Frankfurt for Dublin!

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By (user no longer on site)
over a year ago

As per post two. They are a tax dodgers haven...that's the long and short of it! Brexit or not.

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By *xplicitlyrics OP Man
over a year ago

south dublin

You cant really complain about our tax rate when the Tories have suggested a 10% corporation tax rate post Brexit. And the difference between our rate and yours is less than the difference between yours and France and Germany among others.

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By (user no longer on site)
over a year ago

I'm surprised you didn't mention the Dutch tax rate while you were at it.

What with the double Irish arrangement and the Dutch Sandwich companies have evaded paying €billions in tax.

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By (user no longer on site)
over a year ago

Last paragraph will read better like this...

What with the double Irish arrangement and the Dutch Sandwich, companies have evaded paying €billions in tax.

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By *ercuryMan
over a year ago

Grantham

"You cant really complain about our tax rate when the Tories have suggested a 10% corporation tax rate post Brexit. And the difference between our rate and yours is less than the difference between yours and France and Germany among others."

Monsieur Macron is coming for you!

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By *LCCCouple
over a year ago

Cambridge

Why is this happening now? Is it because Ireland have suddenly changed their tax rates? Or because the UK is in freefall and about to crash out of the EU?

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By *icklybitMan
over a year ago

Ayrshire

"Last paragraph will read better like this...

What with the double Irish arrangement and the Dutch Sandwich, companies have evaded paying €billions in tax."

Indeed it is, http://www.financialtransparency.org/wp-content/uploads/2015/04/Tricky_Tax_GBenari.pdf and

https://www.theguardian.com/business/2009/feb/02/tax-gap-diageo-johnnie-walker

As you say, its £ billions.

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By *xplicitlyrics OP Man
over a year ago

south dublin

"Last paragraph will read better like this...

What with the double Irish arrangement and the Dutch Sandwich, companies have evaded paying €billions in tax.

Indeed it is, http://www.financialtransparency.org/wp-content/uploads/2015/04/Tricky_Tax_GBenari.pdf and

https://www.theguardian.com/business/2009/feb/02/tax-gap-diageo-johnnie-walker

As you say, its £ billions.

One of the major gaps in what tax Diageo should have owed is from the UK. Why would the UK allow no capital gains tax when a British company sells a company (and sends its profits) abroad?

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