by spwa4 | 2025-06-21 14:12:18+00:00
First, you're right that Ireland is the currently worst offender (in tax law). It is not at all the only country violating EU treaties when it suits them.

> So the 12.5% rate remains for irish headquartered companies, NOT multinationals. And personally I'm OK with that (cries as he pays 52% marginal).

And what IS a "multinational"? It is a collection of country-limited companies owned by a single global entity. So in other words, these days almost EVERY multinational IS an "Irish headquartered company". Meta (Facebook) Ireland is the European headquarters. Amazon Ireland is ...

And if you look at the stats, the 12.5% is exactly what Ireland charges multinationals, because of the above reason. If you look at who pays this, it's American pharma companies, US internet companies, ... it's multinationals.

> You and I clearly have different ideas of what older people look like

Yes we do seem to. When it comes to leadership of large funds, the people usually look like mummies.

> The ECB and the IMF refused to allow this to happen, for fear of contagian ...

Actually true, kind of. Ireland demanded the whole EU lowers it's corporate tax rate, together with Ireland and the whole EU said "fuck off". Then Ireland just ignored it's obligations, made a lot of money off that, and called it a success.

As a result, the future seems to be that all payments will be taxed when they happen. Any kind of payment, across any border. You want to send 5$ to another EU country? You have to declare what for and it will be fully taxed during the money transmission, in 20 different ways at least. Right now that happens for VAT, but it will happen for VAT, various taxes, company tax, profit tax, "top up" tax, ... That's what they're negotiating, that's what's coming. It will be a total disaster, but if Ireland (and others, true) keep just violating treaties everyone will violate treaties (not just tax treaties) and there is simply no other choice.

> And as a result, we have huge infrastructural deficits and a housing crisis ...

Which Ireland is solving by causing an even bigger problem everywhere else in the EU.

> who does the tax revenue "belong" to?

The consensus of everyone, including the Irish state is that income should be taxed where it is earned. Which is the same reason most financial analysts call Ireland's revenue "artificial": it has nothing to do with Ireland. It comes from the large EU economies, and the UK. France, UK, Germany, Italy. THAT is where Irish GDP is produced, and it is taxed in Ireland, which goes against international treaties Ireland signed. That's the point.

So Ireland's government has signed (more than once) that this is illegal ... and does it anyway.

> Was the Dutch East India company stealing from India?

In my opinion, yes. EVEN by the standards of the time they were. Also from the Dutch citizens btw: they paid no tax, because they were owned by the royal family. But it happened a long time ago ...

They crashed and burned, by the way, the Dutch East India company, by the way, crashed and burned when foreign states started "enforcing tax" (well ... really just outright preventing the system the Dutch East India company operated under through outright military force, which resulted in Wars, that of course were NOT paid for by the company, or the royal family for that matter. We paid for them. Not even just the Dutch)

> Dutch tax law ...

Dutch tax law still follows the treaties the Netherlands signed. Corporate tax in the Netherlands is pretty high (26%, and because dividends are taxed, the effective tax rate is closer to 40%)