The Big Bailout of the Eurozone (Another crisis coming? - Seriously)

[trileacman]

Maybe I am reading this wrong, but I think the Commission's argument is not about our low tax rate but that Apple got a particular "sweetheart deal" above and beyond our low CT rate.
That is its gripe I think  in that it was according to them a not allowed state aid .

By the way, every other country in the EU is at this state aid mallarkey, but when you,  as Ireland is,  severely weakened in owing alot of money, the sharks will pounce.

No your reading it wrong, that's the way the EU, SF and PBP are trying to spin it. Imagine SF and PBP taking the EU stance, talk about selling out your country to gain a few red C poll points.

The government here simply tax Apple on their business dealings here and not their total worldwide share. The EU think we should be taxing Apple on their international dealings in total. The government are right to contend it and the EU will lose on appeal. What we are doing is not illegal but it might not be immoral. But as I said previously in international dealings f**k morals, not like anyone else is using them.

[armaghniac]

The Shinners should pay more attention to Michael O'Leary and stop licking Brussels rear end.

http://www.independent.ie/business/irish/apple-tax-row-government-should-tell-eu-to-fk-off-michael-oleary-35010094.html

[Declan]

[muppet]

The problem with this case is so many people have not even got the most basic understanding of tax law. The old adage of "if it seems to good to be true it probably is" applies here.

I read a quote that sum up the situation perfectly - "Not to appeal the case would imply acceptance of a loss of sovereignty"

The famed billions are not due to Ireland under tax law. The EU is acting beyond its powers and will lose this appeal (which I think they know). It's typical bully boy tactics and designed to embarrass Ireland and force changes to our CT regime including a rate reduction. I'm amazed but delighted that it look like FG and FF are standing up to them on this. I'm equally disappointed at the short-sightedness and stupidity of SF, SD's, PBP and others in opposing an appeal. This is a red line issue regarding our sovereignty. We haven't a lot left but setting our tax law is one. We simply cannot concede this.

As I understand it this "loophole" regarding stateless companies has now been closed so no longer applies. The 1% argument is a total red herring.

Nail on the head.

How can Ireland be entirely responsible for taxing Apple's non-US revenue, yet the Commission clearly states that other EU countries might have a claim on some of the €13bn?

[seafoid]

The Shinners should pay more attention to Michael O'Leary and stop licking Brussels rear end.

http://www.independent.ie/business/irish/apple-tax-row-government-should-tell-eu-to-fk-off-michael-oleary-35010094.html

OLeary is a rentagob for the 1%. He should STFU
Ryanair prices were down 9% compared to expectations of 6%. That is called deflation.
Deflation is caused by the venality of the 1%
It is not good for Ryanair.

[seafoid]

There is no point in reading the papers or watching telly if you want to understand the Apple issue.
Brexit has changed the game. The Brits were all for tax avoidance.

http://www.thepropertypin.com/viewtopic.php?f=4&t=66347

[muppet]

http://www.rte.ie/news/business/2016/0912/816030-ecb-non-performing-mortgages/

[seafoid]

http://www.rte.ie/news/business/2016/0912/816030-ecb-non-performing-mortgages/

"For all the money we done paid to all these banks we could have recapitalised the Banking system. why didn't we do that? Why ain't that a good idea ? "

https://www.youtube.com/watch?v=zOZnRUZKf48

But Draghi decided to pump QE to the already rich. So now we have a bond bubble and
the banks are still loaded with NPLs. And because rates are close to zero they can't make money. And the customers have no money. And that's across Europe.

[highorlow]

But Draghi decided to pump QE to the already rich. So now we have a bond bubble and
the banks are still loaded with NPLs. And because rates are close to zero they can't make money. And the customers have no money. And that's across Europe.

Draghi was better to just put €10k into everyones bank account across Europe.

[seafoid]

But Draghi decided to pump QE to the already rich. So now we have a bond bubble and
the banks are still loaded with NPLs. And because rates are close to zero they can't make money. And the customers have no money. And that's across Europe.

Draghi was better to just put €10k into everyones bank account across Europe.

Yeah. But he didn't
the best thing to do now is to tax the ones who got the money

[muppet]

But Draghi decided to pump QE to the already rich. So now we have a bond bubble and
the banks are still loaded with NPLs. And because rates are close to zero they can't make money. And the customers have no money. And that's across Europe.

Draghi was better to just put €10k into everyones bank account across Europe.

Yeah. But he didn't
the best thing to do now is to tax the ones who got the money

Seafoid.

Draghi didn't give anyone free money. It came with interest. This is the problem.

All currency is owed back with INTEREST. That means that there is always more debt than there is currency to pay it off. QE just compounds this problem. It isn't free money for the rich or anyone else.

If he gave all of us €10, he would have charged interest on it. Thus we would have got money, yes, but we would have had even more debt. Giving even more debt to over-indebted people would be as daft as giving it to over-indebted banks.

[seafoid]

But Draghi decided to pump QE to the already rich. So now we have a bond bubble and
the banks are still loaded with NPLs. And because rates are close to zero they can't make money. And the customers have no money. And that's across Europe.

Draghi was better to just put €10k into everyones bank account across Europe.

Yeah. But he didn't
the best thing to do now is to tax the ones who got the money

Seafoid.

Draghi didn't give anyone free money. It came with interest. This is the problem.

All currency is owed back with INTEREST. That means that there is always more debt than there is currency to pay it off. QE just compounds this problem. It isn't free money for the rich or anyone else.

If he gave all of us €10, he would have charged interest on it. Thus we would have got money, yes, but we would have had even more debt. Giving even more debt to over-indebted people would be as daft as giving it to over-indebted banks.

Muppet the point is where QE went. It didn't get to people who would spend it. It went into asset bubbles. The theory behind QE came from Milton Friedman who believed that an increase in the money supply would generate inflation. It didn't.  We are in serious shit now.

[muppet]

But Draghi decided to pump QE to the already rich. So now we have a bond bubble and
the banks are still loaded with NPLs. And because rates are close to zero they can't make money. And the customers have no money. And that's across Europe.

Draghi was better to just put €10k into everyones bank account across Europe.

Yeah. But he didn't
the best thing to do now is to tax the ones who got the money

Seafoid.

Draghi didn't give anyone free money. It came with interest. This is the problem.

All currency is owed back with INTEREST. That means that there is always more debt than there is currency to pay it off. QE just compounds this problem. It isn't free money for the rich or anyone else.

If he gave all of us €10, he would have charged interest on it. Thus we would have got money, yes, but we would have had even more debt. Giving even more debt to over-indebted people would be as daft as giving it to over-indebted banks.

Muppet the point is where QE went. It didn't get to people who would spend it. It went into asset bubbles. The theory behind QE came from Milton Friedman who believed that an increase in the money supply would generate inflation. It didn't.  We are in serious shit now.

Increasing the money supply this way increases the debt, which is the problem in the first place. It doesn't matter where it goes, all that matters is that it has to be paid back.

[seafoid]

But Draghi decided to pump QE to the already rich. So now we have a bond bubble and
the banks are still loaded with NPLs. And because rates are close to zero they can't make money. And the customers have no money. And that's across Europe.

Draghi was better to just put €10k into everyones bank account across Europe.

Yeah. But he didn't
the best thing to do now is to tax the ones who got the money

Seafoid.

Draghi didn't give anyone free money. It came with interest. This is the problem.

All currency is owed back with INTEREST. That means that there is always more debt than there is currency to pay it off. QE just compounds this problem. It isn't free money for the rich or anyone else.

If he gave all of us €10, he would have charged interest on it. Thus we would have got money, yes, but we would have had even more debt. Giving even more debt to over-indebted people would be as daft as giving it to over-indebted banks.

Muppet the point is where QE went. It didn't get to people who would spend it. It went into asset bubbles. The theory behind QE came from Milton Friedman who believed that an increase in the money supply would generate inflation. It didn't.  We are in serious shit now.

Increasing the money supply this way increases the debt, which is the problem in the first place. It doesn't matter where it goes, all that matters is that it has to be paid back.

I have heard from a few people who think the Central Banks will cancel what they bought.
What they can't do is get money to "real food real people" .Inequality is the root cause of the ongoing mess.

[muppet]

What do you mean by 'cancel what they bought'?

Is it like collecting money and electronically deleting it, like we were doing with Lenny's promissory note?

If inequality really is the problem, then there is no solution. Because people are not born equal.