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Corporate Tax on the agenda for the G20: How many times will Ireland be namechecked?


Sync

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The UK Chancellor George Osborne and his French and German counterparts are to call for global tax rules to clamp down on corporate tax avoidance.

The three will seek backing from other leaders at the G20 summit in Moscow.

A survey carried out by the OECD found that multinational companies could exploit gaps between the tax rules in different countries they operated in.
BBC News - UK, France and Germany to back global tax rules at G20

Back in the spotlight! George and his French and German counterparts agreed in December to try and battle companies engaging in tax shopping, and they mentioned Ireland and Netherlands at the time. Now they take the show to the G20. It's something Obama's on board with as well:

Obama corporate tax reforms may hinder FDI into Ireland - Independent.ie

Facing elections in November, Mr Obama unveiled a series of measures last night to tax American companies operating overseas. The president's proposed reform of America's corporate tax code includes a minimum tax on profits made by US firms overseas -- negating one of the key reasons for many US companies to set up in Ireland.
And it's natural for them to want this. If Facebook earn 90% of their revenue in the US, you can understand the argument that the US is where they should pay their corporate tax, or that they should pay 90% of it there.

But how do you do that? It's easier for the US (although a step down the protectionist route) to say that companies registered there have to pay their tax there, and simply crush anyone who doesn't comply through regulations.

But how in the EU? You can't tell me where to pay my corporate tax at the moment without unanimous reform. And what would this reform look like? Would Mercedes have to pay all the corporate tax in Germany, despite raising most of it's revenue outside? Would they have to pay in each country they sold to? And if they did, why would they have to but not Tom the farmer who exports €5k of milk a year to France?

I'm guessing they'll reach an accord to do something without defining what that something is.
 

neiphin

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we have turned the corner
 

Crazy horse 6

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We have been getting away with this scam for too long now. We voted for a united europe more than once so time for a fair playing field.
 

EUrJokingMeRight

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Lots, but who cares right?
 

Fractional Reserve

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Ah the vote buying socialists , they have ran out of other peoples money ,which usually happens .The Western Welfare states are on the tax rampage , they will drive investment out , see umemploymnet rise , see money supply reduce as the corporations and rich go where their money is respected and safe from the parasitic hands of blood sucking politicians .The West is slowly but surely becoming one big commie ,big brother state.
It Hilarious that people will vote for half wits that use hate and class politics to rally votes .People wake up its your government with the help of their masters the banksters that are the problem not business .
 

Analyzer

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The problem here is that when our establishment decicded to sell out on the Anglo Bondholders business, we have been left in a very weak position.
 

CookieMonster

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We have been getting away with this scam for too long now. We voted for a united europe more than once so time for a fair playing field.
Hello internal market.
 

CookieMonster

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Are the US and the EU not presently in the early stages of negotiating a free trade area between them ?
No. They're having meetings about talking about it for the purpose of being seen to be doing something.
 
L

longshortgrass

No. They're having meetings about talking about it for the purpose of being seen to be doing something.
This is just window dressing for domestic consumption, in their respective countries. Shades of "Cameron big win on EU Budget".

US tax lawyers will just work around any minor inconvenience thrown up....now to mention big gun corporate lobbying in DC...
 
Last edited:

ManUnited

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Nov 16, 2009
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Ah the vote buying socialists , they have ran out of other peoples money ,which usually happens .The Western Welfare states are on the tax rampage , they will drive investment out , see umemploymnet rise , see money supply reduce as the corporations and rich go where their money is respected and safe from the parasitic hands of blood sucking politicians .The West is slowly but surely becoming one big commie ,big brother state.
It Hilarious that people will vote for half wits that use hate and class politics to rally votes .People wake up its your government with the help of their masters the banksters that are the problem not business .
"corporations and rich go where their money is respected" Says it all really, what kind of toady are you? I imagine you would make a good butler.
 

Clanrickard

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33,043
BBC News - UK, France and Germany to back global tax rules at G20

Back in the spotlight! George and his French and German counterparts agreed in December to try and battle companies engaging in tax shopping, and they mentioned Ireland and Netherlands at the time. Now they take the show to the G20. It's something Obama's on board with as well:

Obama corporate tax reforms may hinder FDI into Ireland - Independent.ie



And it's natural for them to want this. If Facebook earn 90% of their revenue in the US, you can understand the argument that the US is where they should pay their corporate tax, or that they should pay 90% of it there.

But how do you do that? It's easier for the US (although a step down the protectionist route) to say that companies registered there have to pay their tax there, and simply crush anyone who doesn't comply through regulations.

But how in the EU? You can't tell me where to pay my corporate tax at the moment without unanimous reform. And what would this reform look like? Would Mercedes have to pay all the corporate tax in Germany, despite raising most of it's revenue outside? Would they have to pay in each country they sold to? And if they did, why would they have to but not Tom the farmer who exports €5k of milk a year to France?

I'm guessing they'll reach an accord to do something without defining what that something is.
Won't happen. The last thing they want is angry MNCs decamping to the Far East. Google said clearly that if they weren't in Dublin they wouldn't be in the EU. They'd move outside. The answer is to not tax corporations at all. Tax the money went it is taken out by shareholders or directors.
 

gatsbygirl20

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Dec 1, 2008
Messages
22,790
This is just window dressing for domestic consumption, in their respective countries. Shades of "Cameron big win on EU Budget".

US tax laywers will just work around any minor inconvenience thrown up....now to mention big gun corporate lobbying in DC...
Yes, these guys are very powerful. They tell governments what to do, not the other way round. They will patiently explain that they can't be dealing with this pesky taxing business, and have regrettably decided that they can make no further contribution at this time......and there will be a lot of complaining and posturing....but then the dust will settle and the next time somebody checks, these guys will actually be paying even less tax.....

And we have to smile and do what they tell us, otherwise they'll go "tax shopping" in some other store..
 

dizillusioned

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What pisses me off, when shopping in Europe Americans can claim their tax back, try doing that in the US!!
 

feargach

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Dec 11, 2006
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Ah the vote buying socialists , they have ran out of other peoples money ,which usually happens .The Western Welfare states are on the tax rampage , they will drive investment out , see umemploymnet rise , see money supply reduce as the corporations and rich go where their money is respected and safe from the parasitic hands of blood sucking politicians .The West is slowly but surely becoming one big commie ,big brother state.
It Hilarious that people will vote for half wits that use hate and class politics to rally votes .People wake up its your government with the help of their masters the banksters that are the problem not business .
George Osborne's a socialist?

Go back to your freakin' tea party, mate. Fap to Atlas Shrugged again until the voices go away.
 

stopdoingstuff

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Feb 26, 2011
Messages
22,897
It makes no sense to talk of this debate in terms of socialist/right-wing if all parties concerned take corporate donations from corporation who pay little tax.
 
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