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Facebook Finds Grass Greener In Ireland

Posted by kdawson on from the o'tax-break dept.

theodp writes "Facebook announced it has chosen tax-haven Dublin for its international HQ, but not all are buying COO Sheryl Sandberg's line about local world-class talent being the motivation behind the move. The Irish Times recently reported that Irish subsidiaries owned by US multinationals are opting to convert to unlimited liability status, concealing the financial performance of their Irish operations from public view. They include Microsoft's incredibly profitable Irish subsidiaries Round Island One and Flat Island Company, Google Ireland Holdings, and a subsidiary of Apple Computer. The conversions have occurred as US tax authorities have increased their scrutiny of international mechanisms used by American multinationals to reduce their taxes at home."

2 of 287 comments (clear)

  1. Re:duh by spun · · Score: 0, Flamebait

    So don't let the bastards do business here. There are plenty of smaller American companies that can't compete against the bigger, greedier, and better connected ones. Give a break to those companies willing to keep jobs here, tax the hell out of those that want to move overseas.

    You move overseas, your products get taxed into oblivion. You stay here, you get benefits. The US is a huge market. More than enough companies will play ball. When they see that is how things are, and they can't bribe or whine their way out of it, they will do what we tell them to.

    --
    - None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
  2. OK, so what do you do? by Toll_Free · · Score: 0, Flamebait

    Tax the FUCK out of them for doing business in our country.

    Seriously, it's time to stop sucking the collective cocks of our own corporations that run to tax sheltered countries or territories.

    Facebook. Based in Ireland, based in the US.

    Tax the FUCK out of them, and anything from China as well. Wanna do bidneth here? I suggest you pay the proper taxes as well.

    note, I am NOT one who normally advocates raising taxes (small business owner myself), but having major corporations that SHOULD be paying literally tens of thousands to millions in taxes being able to run out of country, but yet, still maintain their base here in the US, and have other smaller corporations (like mine) that CAN'T leave the country due to other regulations, is bullshit.

    --Toll_Free