Problems arise when companies want to repatriate that money. Companies face a hefty tax bill for doing so. Ireland also cracked down on this, and companies can only do this until 2020. I'm not seeing the problem.
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Companies don't face a hefty tax bill upon the repatriation of funds, they either borrow against US foreign assets or lobby and receive a low tax rate on repatriated money.
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They already did. The new system phases this out in 2020.
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Medtronic did this a few years back I believe. Moved their corporate headquarters from Mlps, Mn to Ireland...
Thanks. Twitter will use this to make your timeline better. UndoUndo
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There's been a clamp down on tax avoidance schemes, subsequently I think corporate tax take here in Ireland has risen by about 8% in 4 years. It does level the playing field somewhat, but I am still in favour of being allowed incentives to attract companies to a small island.
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Don’t hate the player, hate the game.
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BTW I’m Irish and Dutch, I take offense to this pejorative racist term
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