Thanks Russell. This is a super interesting thread to be pulling at, with potentially significant 'Magnificent Seven' implications. Shh - you are not supposed to say the 'love me a bit of a 🐻 market' bit out loud! 😂
It’s quite impressive when you think about it. Well done Ireland. What a recovery from having to eat all those EU Bondholders for years.
There is a threshold on the 15% CT rate. It only applies to companies achieving €750m+ Revenues pa. It could be argued that companies would distribute earnings between countries to maximise their tax positions under the threshold. Also unlikely to effect new FDI, if the entrant is below the threshold, which they likely are in the beginning, scaling into Europe.
I dont disagree that the policy has been a great success, but these days, it feels like the big US multinationals have almost captured the Irish finance department, to the detriment of the rest of Europe. Most things come to a natural end, and Irish tax policy feels like it is at a natural end to me.
Expecting economic justice in the current environment is wishful thinking. Might change when the USA and $ is in crisis .
The EU.has shown an ability to get its way when it needs to....
Also politics is turning anti business....
Thanks Russell. This is a super interesting thread to be pulling at, with potentially significant 'Magnificent Seven' implications. Shh - you are not supposed to say the 'love me a bit of a 🐻 market' bit out loud! 😂
Only bear markets tell you who has really been doing their homework
Amen!!!! Love this Substack!
It’s quite impressive when you think about it. Well done Ireland. What a recovery from having to eat all those EU Bondholders for years.
There is a threshold on the 15% CT rate. It only applies to companies achieving €750m+ Revenues pa. It could be argued that companies would distribute earnings between countries to maximise their tax positions under the threshold. Also unlikely to effect new FDI, if the entrant is below the threshold, which they likely are in the beginning, scaling into Europe.
I dont disagree that the policy has been a great success, but these days, it feels like the big US multinationals have almost captured the Irish finance department, to the detriment of the rest of Europe. Most things come to a natural end, and Irish tax policy feels like it is at a natural end to me.
It is not the end, only the beginning of the end. 👍
True for many things in this market