Trump claims Ireland is about to drop its Corporation tax to 8%

hammer

Well-known member
Joined
Jul 6, 2009
Messages
58,180
Sweet baby Jesus.....its profits that are taxed, not revenue.
You might have to copy and paste this for the next few years.

There are some braindead on p.ie

And some even believe that profits are taxed and losses are tough luck :)
 


Sheeple_Waker

Well-known member
Joined
Jan 14, 2017
Messages
388
The thread title is fake news. Trump didn't claim Ireland is about to drop its corporate tax rate to 8%. He said that's what he'd heard. I guess he hears a lot of things.
And remembers little. He's a liar and with the intelligence resources at his disposal explaining a factual error as 'what I heard' is codology of the highest order.
 

Travis Bickle

Well-known member
Joined
Aug 4, 2017
Messages
1,294
The thread title is fake news. Trump didn't claim Ireland is about to drop its corporate tax rate to 8%. He said that's what he'd heard. I guess he hears a lot of things.
As idiot in Chief, he either doesn't know or doesn't care that his village idiot meanderings have real effect on shares/stocks and the like.
 

Watcher2

Well-known member
Joined
May 2, 2010
Messages
34,480
Ooh! touchy, touchy!

So we should be supporting initiatives which create large burdens on infrastructure paid for by the general public, but which generate little to no return to the society. How is that a sustainable position? A few jobs at any cost for the local politician?
Where did I say or even infer ANY of that? You have a fertile imagination.
 

Watcher2

Well-known member
Joined
May 2, 2010
Messages
34,480
You might have to copy and paste this for the next few years.

There are some braindead on p.ie

And some even believe that profits are taxed and losses are tough luck :)
P.ie does seem to have a number of ignorant idiots alright.
 

Aquilius

Well-known member
Joined
Oct 15, 2017
Messages
402
Oh, you would, would you? How do you propose to balance the books? The fact is, taxes need to rise. The government is not making enough money.
Indeed I would yes. Corporations should be able to avail of a lower tax rate if they increase the workforce and invest in infrastructure such as transport, health care, education and housing.

Also taxes don't need to rise, revenue needs to be spent better and certain sectors/issues need to be prioritized.

How would you go about raising taxes and what would the extra revenue be spent on?
 

Jim Car

Well-known member
Joined
May 19, 2014
Messages
2,695
Given our effectual corporate tax rate you could say Trump is wrong because often it is far lower then 8%. Anyone not mentioning this either does not know about the issue they are talking about or are happy to leave out important facts for the sake of some Trump bashing. Fake news we say, as we appeal an CJEU decision claiming we are doing exactly that.
 
Last edited:

Peppermint

Well-known member
Joined
Oct 1, 2010
Messages
7,375

fat finger

Well-known member
Joined
Oct 22, 2016
Messages
2,206
Breaking news:
Finally, we will bring back trillions of dollars in American wealth currently parked overseas.
Today’s tax system foolishly penalizes companies that bring foreign profits back to the United States. Our plan encourages companies to bring this money home, where it can be invested in American companies, American jobs and American workers
https://www.usatoday.com/story/opinion/2017/10/22/president-trump-tax-reform-lets-make-morning-america-again-column/782233001/
 

Jack Walsh

Well-known member
Joined
Jun 26, 2015
Messages
10,075
That's some con job.
The dolt actually thinks money owned by Apple and Google and Intel's shareholders belongs to the US government.

The reality is that these vast companies do reinvest most of their vast cash piles in America, via buy outs, take overs etc

Also, how many well educated IT professionals are currently poorly paid in America, let alone unemployed?
Moron
 

Watcher2

Well-known member
Joined
May 2, 2010
Messages
34,480
Indeed I would yes. Corporations should be able to avail of a lower tax rate if they increase the workforce and invest in infrastructure such as transport, health care, education and housing.

Also taxes don't need to rise, revenue needs to be spent better and certain sectors/issues need to be prioritized.

How would you go about raising taxes and what would the extra revenue be spent on?
That's one hell of a complicated corporate tax system. One of the biggest complaints of the US tax code is, after how high it is, is how complicated it is. Complexity adds resourcing to deal with it. More resources, more costs.

Unfortunately, to raise corporate taxes now would be detrimental, even if we remain the lowest in Western Europe at circa 15%, but some levies on say the banks would not go amiss. We could also consider a levy on insurance and pension providers. The introduction of new tax bands could be introduced on personal taxes too. Everyone earning a wage should pay something in income tax and also USC.
 


New Threads

Popular Threads

Most Replies

Top