#corporationtax — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #corporationtax, aggregated by home.social.
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https://www.europesays.com/ie/471687/ Tax receipts up €1.1bn despite Iran war price shock – The Irish Times #Business #CorporationTax #DepartmentOfFinance #Éire #IE #Ireland #SimonHarris
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https://www.europesays.com/ie/362173/ Trump’s economic moves seem contradictory and dangerous but there is a game plan – The Irish Times #ArtificialIntelligence #Business #CliffTaylor #CorporationTax #DonaldTrump #Economy #Éire #FederalReserve #IE #Ireland #MichealMartin #Nvidia #pharma #TrumpPresidency #UnitedStates #US #UsTariffs
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Three multinationals pay 46% of Ireland’s Corporation Tax.
Ireland’s fiscal watchdog has estimated that almost half of the Corporation Tax collected by the State is paid by three multinational companies.
The three multinationals are not named but they are understood to be Apple, Microsoft and pharmaceutical group Eli Lilly.
#Ireland #CorporationTax #Business #Tax #IFA #Apple #Microsoft #EliLilly #Tech #Pharma #Pharmaceutical
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https://www.europesays.com/ie/270743/ Ireland’s tax take hits record €106bn in 2025 despite fears over Trump tariffs – The Irish Times #Apple #Business #CorporationTax #Éire #IE #IncomeTax #Ireland #IrishFiscalAdvisoryCouncil #JackChambers #SimonHarris #vat
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Ireland economically closer to ‘Boston than Berlin’, driven by its young population, notes Ifac report – The Irish Times https://www.byteseu.com/1260674/ #CentralBank #CorporationTax #Ireland #IrishFiscalAdvisoryCouncil #OrganisationForEconomicCoOperationAndDevelopmentOecd
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#AmazonUK pays #CorporationTax for first time since 2020
End of ‘super-deduction’ by #Conservatives means Amazon UK Services paid £18.7m last year on sales of £27bn
https://www.theguardian.com/technology/2024/sep/26/amazon-uk-pays-corporation-tax-for-first-time-since-2020 -
Here's @gavreilly's potted summary:
• European Commission claimed in 2016 that Ireland had a sweetheart deal giving unfair tax treatment to Apple, ordering €13bn repayment
• Ireland said EU misunderstood Irish law and appealed
• EU’s lower court sided with Ireland; EC appealed
• EU’s highest court sides with EC
"The total net value of the escrow fund stood at €13.77 billion at the end of 2023."
:pika: 🥴
#Budget25 #GE24 #Apple #Ireland #EU #CorporationTax #Tax #MastoDaoine
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Successive Irish governments have fought this legal battle, tooth and nail. Now, there's a Budget coming up, soon to be followed by a General Election, so I can only assume that, in between, the government intends on celebrating Hallowe'en by placing the €13bn+ in a field and setting it on fire.
#Budget25 #GE24 #Apple #Ireland #EU #CorporationTax #Tax #MastoDaoine
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Well, now. The EU's Court of Justice (@Curia) has ruled this morning that Apple must pay €13bn under paid taxes to Ireland. Happy Christmas, folks.
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#Starbucks paid £7.2m in #UK #CorporationTax despite gross profit of £149m -
Its UK division, which has faced years of criticism for paying very little to the Treasury, paid £40.4m in royalty and licensing payments to a parent company, more than five times the amount it paid in tax to HM Revenue and Customs
https://www.theguardian.com/business/2024/apr/05/starbucks-paid-7-point-2m-in-uk-corporation-tax-despite-gross-profit-of-149m
#ToryPoliciesInAction -
FT's discussion of possible futures for UK #taxes has now moved to #corporationtax.
Their preferred position is to retain the 'full expensing' for #investment (all costs of investment can be deducted from #tax), while removing allowances for interest payments on #debt.
The hope is this will shift firms' attention from loans to internally funded investment to help deal with the UK's #productivity problem.
It also plays to the FT's overall position on tax simplification!
Might make sense?
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In #Switzerland, voters supported #carbon neutrality by 2050, and a 15% #tax for multinational firms, despite having one of the world's lowest corporate rates.
Swiss direct democracy model: 100k signatures for a new law #referendum & 50k for an optional referendum. This system significantly moderates every political decision in the country.
#NetZero #CorporationTax
https://www.swissinfo.ch/eng/politics/results-of-the-vote-of-june-18--2023-switzerland-tax--reform-oecd-climate-covid-law/48525080 -
Swiss voters back a net-zero climate law and a global minimum tax for multinationals.
Voters supported the legislation to reach carbon neutrality by 2050 and even more strongly backed adopting a 15% tax rate in a country with some of the world's lowest corporate rates.
#Switzerland #Referendum #NetZero #Carbon #Tax #CorporationTax
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This week, we're going to test the proportion that #CorporationTax rates have a material effect on incoming investment... as rate rises from 19%-25%.
However, all is not as it may seem; #JeremyHunt has also launched 100% #taxrelief on capital investment, which may offer some help to #manufacturing whose CapEx needs are (likely) more pronounced than the #servicesector.
Q.is whether the tax rise causes any exits from the UK by large mobile firms, or whether #sunkcosts will keep them here anyway?
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More small print from the #budget:
After lobbying by some ministers #JeremyHunt dropped a proposal to require #SoveriegnWelathFunds (SWFs) to pay #CorporationTax
Once again, we can see who this budget was for; with #incometaxes thresholds not rising with #inflation, lifetime pension allowances raised & other measures, for the most part this was a budget for the rich whether living here, or as in the case of SWFs just investing here.
No, as Leona Helmsley said: tax is for the little people
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#Amazon had sales income of €44bn in #Europe in #2020 but paid no #CorporationTax | Amazon | The Guardian
Why am I not surprised?
