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The issue isn't about lower tax rates, or moving to lower tax jurisdictions - these major companies don't pay anywhere near the relativel...

The issue isn't about lower tax rates, or moving to lower tax jurisdictions - these major companies don't pay anywhere near the relatively low Irish corporate tax rate of 12.5%. It's about closing tax loopholes, which are separate from the tax rate. For example, Google paid just 2.4% tax a few years back, here's an excellent older article from Bloomberg on the subject: http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho... Corporations sitting on multi-billion dollar cash piles, while many western governments are struggling with deficits isn't sustainable, so plugging these loopholes is likely to continue.

Posted by patrickk on Oct 14, 2014, 4:09 PM

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The issue isn't about lower tax rates, or moving to lower tax jurisdictions - these major companies don't pay anywhere near the relativel...

patrickkOct 14, 2014, 4:09 PM

The issue isn't about lower tax rates, or moving to lower tax jurisdictions - these major companies don't pay anywhere near the relatively low Irish corporate tax rate of 12.5%. It's about closing tax loopholes, which are separate from the tax rate. For example, Google paid just 2.4% tax a few years back, here's an excellent older article from Bloomberg on the subject: http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho... Corporations sitting on multi-billion dollar cash piles, while many western governments are struggling with deficits isn't sustainable, so plugging these loopholes is likely to continue.

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