What happens when you have a lower corporate tax rate?

[Remodeling Maidiac]

Ireland’s Economists Left Speechless by 26% Growth Figure

Businesses flood your Nation. Their corporate tax rate is effectively half of ours and their growth is unheard of.

On the opposite end of the spectrum you have Socialism like Brazil or Venezuela where the economy has been destroyed by the politicians despite being high in natural resources.

 

[Avatar4321]

You don't want to confuse people with facts do you?

 

[Dragonlady]

I guess you didn't read what you posted:

For one, tax inversions artificially inflate the size of Ireland’s economy. When the headquarters of a group of companies becomes resident in Ireland, all of its global profits may be counted as part of the nation’s gross national income, according to the ministry.

Since 2008, that gauge has been boosted by about 7 billion euros thanks to corporate relocations, without accompanying substance or employment, the ministry has said. This in turn drives up the country’s contribution to the European Union budget, which is based on the size of the economy.

So really, the numbers look amazing, but no actual jobs are being created.

 

[Remodeling Maidiac]

You don't want to confuse people with facts do you?

I just wonder how much of their growth is our loss in terms of jobs

 

[NYcarbineer]

Ireland’s Economists Left Speechless by 26% Growth Figure

Businesses flood your Nation. Their corporate tax rate is effectively half of ours and their growth is unheard of.

On the opposite end of the spectrum you have Socialism like Brazil or Venezuela where the economy has been destroyed by the politicians despite being high in natural resources.

Ireland has a 21% VAT tax. Do we?

 

[Remodeling Maidiac]

I guess you didn't read what you posted:

For one, tax inversions artificially inflate the size of Ireland’s economy. When the headquarters of a group of companies becomes resident in Ireland, all of its global profits may be counted as part of the nation’s gross national income, according to the ministry.

Since 2008, that gauge has been boosted by about 7 billion euros thanks to corporate relocations, without accompanying substance or employment, the ministry has said. This in turn drives up the country’s contribution to the European Union budget, which is based on the size of the economy.

So really, the numbers look amazing, but no actual jobs are being created.

They never addressed Ireland's unemployment numbers but you're free to make up any stats you like I suppose, it's what liberals do

 

[SuperDemocrat]

I kind of thought that business shouldn't pay taxes at all considering that most of those taxes are passed onto to the consumer.

 

[Siete]

lower taxes = higher profits for companies

increasing the work force eat those profits

 

[Remodeling Maidiac]

lower taxes = higher profits for companies

increasing the work force eat those profits

Depends on the type of company. Manufacturing vs financial for instance

 

[Siete]

lower taxes = higher profits for companies

increasing the work force eat those profits

Depends on the type of company. Manufacturing vs financial for instance

production companies wont hire more labor unless theres a significant increase in demand for the product, lower their taxes and they enjoy the profit

 

[Montrovant]

I guess you didn't read what you posted:

For one, tax inversions artificially inflate the size of Ireland’s economy. When the headquarters of a group of companies becomes resident in Ireland, all of its global profits may be counted as part of the nation’s gross national income, according to the ministry.

Since 2008, that gauge has been boosted by about 7 billion euros thanks to corporate relocations, without accompanying substance or employment, the ministry has said. This in turn drives up the country’s contribution to the European Union budget, which is based on the size of the economy.

So really, the numbers look amazing, but no actual jobs are being created.

They never addressed Ireland's unemployment numbers but you're free to make up any stats you like I suppose, it's what liberals do

Dragonlady quoted the article in your OP and you say she's making up stats?

 

[Remodeling Maidiac]

lower taxes = higher profits for companies

increasing the work force eat those profits

Depends on the type of company. Manufacturing vs financial for instance

production companies wont hire more labor unless theres a significant increase in demand for the product, lower their taxes and they enjoy the profit

And that's bad why?
Are you one of these people that think corporate profits are stuffed in a mattress rather than reinvested in other areas?

 

[Remodeling Maidiac]

I guess you didn't read what you posted:

For one, tax inversions artificially inflate the size of Ireland’s economy. When the headquarters of a group of companies becomes resident in Ireland, all of its global profits may be counted as part of the nation’s gross national income, according to the ministry.

Since 2008, that gauge has been boosted by about 7 billion euros thanks to corporate relocations, without accompanying substance or employment, the ministry has said. This in turn drives up the country’s contribution to the European Union budget, which is based on the size of the economy.

So really, the numbers look amazing, but no actual jobs are being created.

They never addressed Ireland's unemployment numbers but you're free to make up any stats you like I suppose, it's what liberals do

Dragonlady quoted the article in your OP and you say she's making up stats?

Yes, there are no stats in the op. Duh

Ireland's unemployment is lower than the EU average and less than half of the 15% number high from the crash.

 

[C_Clayton_Jones]

“What happens when you have a lower corporate tax rate?”

Corporations use the windfall to enrich investors, shareholders, and themselves, using none of that money to create new jobs.

 

[Siete]

lower taxes = higher profits for companies

increasing the work force eat those profits

Depends on the type of company. Manufacturing vs financial for instance

production companies wont hire more labor unless theres a significant increase in demand for the product, lower their taxes and they enjoy the profit

And that's bad why?
Are you one of these people that think corporate profits are stuffed in a mattress rather than reinvested in other areas?

will lowering GM's corporate tax rate make you rush out and buy a Corvette?

big shots get bonuses when profits rise

new employees get hired when production rises

 

[NYcarbineer]

Ireland’s Economists Left Speechless by 26% Growth Figure

Businesses flood your Nation. Their corporate tax rate is effectively half of ours and their growth is unheard of.

On the opposite end of the spectrum you have Socialism like Brazil or Venezuela where the economy has been destroyed by the politicians despite being high in natural resources.

Ireland has a 21% VAT tax. Do we?

For the slow learners, because Ireland (and most Euro nations) have a big VAT tax producing large amounts of revenue,
they can afford to lower the corporate tax. Savvy?

 

[Remodeling Maidiac]

lower taxes = higher profits for companies

increasing the work force eat those profits

Depends on the type of company. Manufacturing vs financial for instance

production companies wont hire more labor unless theres a significant increase in demand for the product, lower their taxes and they enjoy the profit

And that's bad why?
Are you one of these people that think corporate profits are stuffed in a mattress rather than reinvested in other areas?

will lowering GM's corporate tax rate make you rush out and buy a Corvette?

big shots get bonuses when profits rise

new employees get hired when production rises

The point is about business retention. Ford is planning to move some of its production to Mexico. Not to build cars for Mexico but to escape our high tax rate and ship cars back into the US. That decision is a direct result of our high tax rate. We are not competitive on a national stage.

It's no different than your own savings. You keep money in a non interest bearing account or do you move it where it's most productive?

 

[Montrovant]

I guess you didn't read what you posted:

For one, tax inversions artificially inflate the size of Ireland’s economy. When the headquarters of a group of companies becomes resident in Ireland, all of its global profits may be counted as part of the nation’s gross national income, according to the ministry.

Since 2008, that gauge has been boosted by about 7 billion euros thanks to corporate relocations, without accompanying substance or employment, the ministry has said. This in turn drives up the country’s contribution to the European Union budget, which is based on the size of the economy.

So really, the numbers look amazing, but no actual jobs are being created.

They never addressed Ireland's unemployment numbers but you're free to make up any stats you like I suppose, it's what liberals do

Dragonlady quoted the article in your OP and you say she's making up stats?

Yes, there are no stats in the op. Duh

Ireland's unemployment is lower than the EU average and less than half of the 15% number high from the crash.

And what stats did Dragonlady make up?

The quote from the article says that the economy has been boosted by 7 billion euros without accompanying employment.

 

[Siete]

lower taxes = higher profits for companies

increasing the work force eat those profits

Depends on the type of company. Manufacturing vs financial for instance

production companies wont hire more labor unless theres a significant increase in demand for the product, lower their taxes and they enjoy the profit

And that's bad why?
Are you one of these people that think corporate profits are stuffed in a mattress rather than reinvested in other areas?

will lowering GM's corporate tax rate make you rush out and buy a Corvette?

big shots get bonuses when profits rise

new employees get hired when production rises

The point is about business retention. Ford is planning to move some of its production to Mexico. Not to build cars for Mexico but to escape our high tax rate and ship cars back into the US. That decision is a direct result of our high tax rate. We are not competitive on a national stage.

It's no different than your own savings. You keep money in a non interest bearing account or do you move it where it's most productive?

remember when oil went from $25 to $140 ....

remember when those companies paid their CEO's $400+ million dollar bonuses

there was no mass hiring surge in the industry ... none.

 

[2aguy]

Imagine if Ireland got rid of the Vat.....they wouldn't have banks big enough for the wealth of the people, or enough people for all of the jobs....