- Aug 26, 2011
Trenchant comments by Trinity professor Jim Stewart. Basically he says huge MNCs such as Google are able to negotiate tax arrangements which suit them but Irish small businesses and individuals have no such clout.
Stewart gives this example of Google having the tax regime altered in its favourIreland operates two very different tax systems, one for corporate multinationals and a second for smaller companies and individuals, according to Trinity finance professor, Jim Stewart.
Dual tax system benefits the big players | Irish ExaminerIt has been reported that last year Revenue Commissioner did tailor the tax regime to Googles advantage. Revenue agreed to let Google make billions of dollars in royalty payments directly to a Bermuda subsidiary, helping to cut the companys tax bill by at least $2bn a year, according to US and overseas securities filings.