chrisp65 Posted December 23, 2020 Share Posted December 23, 2020 Does Rees Mogg and other similar tory politicians have their companies registered in Ireland? Link to comment Share on other sites More sharing options...
Seat68 Posted December 23, 2020 Share Posted December 23, 2020 Why the hell did Bono have his royalty payments come via the Netherlands if Eire is such a tax haven. Link to comment Share on other sites More sharing options...
bickster Posted December 23, 2020 Moderator Share Posted December 23, 2020 Just now, Seat68 said: Why the hell did Bono have his royalty payments come via the Netherlands if Eire is such a tax haven. He's Irish, get's taxed since they abandoned the artists exemption from Tax. He used to pay nada Link to comment Share on other sites More sharing options...
colhint Posted December 23, 2020 Share Posted December 23, 2020 9 minutes ago, Enda said: Cayman Islands dropped off the list when they agreed to share taxpayer information. Ireland never on the list because it has shared and cooperated for years and years and years. You could make a case Ireland was a tax haven in 1991. Not anymore. Incidentally, you should check the status of the British Virgin Islands, Jersey, Gibraltar, and the Isle of Man. The 0.005% figure was tried in the European Court. As discussed above, that was money collected worldwide and sent onwards to California. Taxable under US rates, not Irish. It’s a dramatic figure but unfortunately I don’t think the Irish exchequer is entitled to 12.5% of Apple’s worldwide profits. Ireland is only entitled to 12.5% of the value attributable to activities in Ireland. Having accountants in Cork means that’s a small fraction of Apple’s bottom line. No no no. Apple shifted large parts of it's IP to Ireland. What gets taxed in Ireland stays in Ireland. Apple pays no tax on it at all in the US. The majority of the tax goes through ASI Apple sales International and AOI Apple Operations international. Neither company has any Employees. AOI has paid no CT to any country in the last 5 years. ASI pays Ireland. The accounts are based in Califorinia, the tax is paid in Ireland. Nearly all Apple sales outside the US, gets taxed in Ireland. Nothing of this goes to the US. Link to comment Share on other sites More sharing options...
bickster Posted December 23, 2020 Moderator Share Posted December 23, 2020 17 minutes ago, chrisp65 said: Does Rees Mogg and other similar tory politicians have their companies registered in Ireland? He has some there, others are with the other usual suspects. Link to comment Share on other sites More sharing options...
bickster Posted December 23, 2020 Moderator Share Posted December 23, 2020 Link to comment Share on other sites More sharing options...
Genie Posted December 23, 2020 Share Posted December 23, 2020 2 minutes ago, bickster said: Could be an early Christmas present for a lot of businesses (I know it’ll be worse than what we had, but better than the cliff we’re hurtling towards). Link to comment Share on other sites More sharing options...
LondonLax Posted December 23, 2020 Share Posted December 23, 2020 10 minutes ago, Seat68 said: Why the hell did Bono have his royalty payments come via the Netherlands if Eire is such a tax haven. The Netherlands, Luxembourg and Ireland are the big three as far as EU tax evasion goes and they each specialise in different areas. Link to comment Share on other sites More sharing options...
bickster Posted December 23, 2020 Moderator Share Posted December 23, 2020 2 minutes ago, Genie said: Could be an early Christmas present for a lot of businesses (I know it’ll be worse than what we had, but better than the cliff we’re hurtling towards). I'm sure it'll be a fantastic deal, thats great news for the nation and our persistence and hard work has paid off and our fish are still our fish 1 Link to comment Share on other sites More sharing options...
Genie Posted December 23, 2020 Share Posted December 23, 2020 Just now, bickster said: I'm sure it'll be a fantastic deal, thats great news for the nation and our persistence and hard work has paid off Underlines the view Boris has had all along that the UK will prosper outside of the EU etc Link to comment Share on other sites More sharing options...
Enda Posted December 23, 2020 Share Posted December 23, 2020 18 minutes ago, colhint said: No no no. Apple shifted large parts of it's IP to Ireland. What gets taxed in Ireland stays in Ireland. Apple pays no tax on it at all in the US. Colhint, if Apple booked $1m in Ireland in 1994 and paid 0.05% (ie $50) to Dublin, do you think the total tax liability on that $1m is just $50? Prior to TCJA, the US had a worldwide tax system. Upon repatriation, $349,950 (ie 35% of overseas profits less a $50 credit for foreign taxes paid) was due to the IRS. Link to comment Share on other sites More sharing options...
colhint Posted December 23, 2020 Share Posted December 23, 2020 But only if any is returned to the US. which it's not. Tim Cook appeared before the senate asking for a tax amnesty, and a territorial tax system. All dividends and bonus' are paid overseas. Apple claimed two thirds of it's profits were in Ireland and one third in the US. Why do you think both the EU and US are battling in court with them? Link to comment Share on other sites More sharing options...
blandy Posted December 23, 2020 Author Moderator Share Posted December 23, 2020 20 hours ago, colhint said: The biggest tax avoiders absolutely love the EU. 13 hours ago, colhint said: The EU case was that it was receiving state aid by paying taxes at 0.005%....Ireland is listed by all academics as a tax haven, which is why the EU went after it. You seem to be arguing against yourself, here - the Tax avoiders love the EU...because the EU goes after tax havens. I think if you'd have said the Tax avoiders love that some European countries give them the platform to avoid tax, despite the EU trying to stop that happening, then I'd agree. But pinning it on "the EU" is counter to the reality, surely Col? Also - you've not found any references for the claim that Apple and Google (illegally) funded the remain campaign. I suspect that's because it complete rubbish someone's posted somewhere on Facebook, that has been spread. Link to comment Share on other sites More sharing options...
colhint Posted December 23, 2020 Share Posted December 23, 2020 Sort of correct, The tax avoiders Love the EU because even if the EU go after them, they can't do anything about it. As is the case with Apple, The EU raised the issue with them before we won in Rotterdam. And failed ever since. They tried in court a couple of years ago, but failed. Since Rotterdam, rather than reduce tax avoidance, it's much greater. Holland Ireland, Luxembourg Malta and soon to be Cyprus are set up as Tax avoidance countries. As for your other point. I read about it in some euroblog, It's the same one I think where I really found about how much the Multi nationals were avoiding tax. It's not a common blog and I'm stuggling to find it. However it's not an anti EU blog, more reporting whats actually happening. Given that I have been answering a few more questions than I normally do, I will withdraw that point. Link to comment Share on other sites More sharing options...
Xann Posted December 23, 2020 Share Posted December 23, 2020 Some people need to read back in this thread as the answers are there. All fairly moot now as the dog's egg gets delivered next week. Link to comment Share on other sites More sharing options...
blandy Posted December 23, 2020 Author Moderator Share Posted December 23, 2020 2 hours ago, colhint said: As for your other point. I read about it in some euroblog, Well, they were not reporting the truth. The electoral commission published a list of all the donors - you can view it as a pdf here (appendix 1 gives the list for both remain and leave. Apple and Amazon were not on it. https://www.electoralcommission.org.uk/sites/default/files/pdf_file/Report-on-the-regulation-of-campaigners-at-the-EU-referendum.pdf Link to comment Share on other sites More sharing options...
sidcow Posted December 23, 2020 VT Supporter Share Posted December 23, 2020 A lot of sources reporting a deal is imminent. Hopefully this isn't like a transfer rumour where one rumour is repeated endlessly as fact. Link to comment Share on other sites More sharing options...
Genie Posted December 23, 2020 Share Posted December 23, 2020 (edited) 3 minutes ago, sidcow said: A lot of sources reporting a deal is imminent. Hopefully this isn't like a transfer rumour where one rumour is repeated endlessly as fact. I was just thinking it reads like a made up transfer rumour. Quote The EU and UK are continuing talks on post-Brexit trade, amid mounting speculation that they are close to agreeing a deal. BBC political editor Laura Kuenssberg said it was looking "very likely" the two sides were "heading towards" an agreement. But this was "not signed and sealed", with "haggling" going on, she added. “Preparing to lodge a bid” Link Edited December 23, 2020 by Genie 3 Link to comment Share on other sites More sharing options...
bickster Posted December 23, 2020 Moderator Share Posted December 23, 2020 2 minutes ago, sidcow said: A lot of sources reporting a deal is imminent. Hopefully this isn't like a transfer rumour where one rumour is repeated endlessly as fact. I'm guessing this will be announced by Johnson as a great victory about half an hour before Madge is about to emphasise the we're all in together spirit whilst sitting on a solid gold 12th century bidet in an attempt to be one of the people Link to comment Share on other sites More sharing options...
sidcow Posted December 23, 2020 VT Supporter Share Posted December 23, 2020 2 minutes ago, Genie said: I was just thinking it reads like a made up transfer rumour. “Preparing to lodge a bid” Link Brace yourselves. 1 Link to comment Share on other sites More sharing options...
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