Re: For Google, Brexit makes Eire a golden opportunity
"Google picked Eire years ago because it was, and always has been, a corrupt, push-over state, offering low(ish) corporation tax rates and a tax treaty with America that ensures America has the lion's share of taxable revenue"
It's amazing how many times we have to say this and yet it doesn't sink in...
If you are a smallish country you it's a brilliant move to have low corporation taxes. It brings in big corporates who can recognise their profits in your country paying less tax that they would elsewhere but still bringing in a very good tax take in relation to the size of your country.
For multinationals taxation is a global market and small countries have a huge advantage by being able to keep tax low. That's what you're seeing in Ireland, Luxembourg etc.
It has the additional advantage that home-grown businesses also have the same lower tax rates which enables them to be more competitive abroad.
It's not being a corrupt, push-over state, it's a smart move taking advantage of their particular situation.
Biting the hand that feeds IT
