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After Brexit, More Than 100 Firms May Move To Ireland (mirror.co.uk)

An anonymous reader quotes The Daily Mirror: Ireland has said it has received more than 100 inquiries from major firms looking to move from the UK because of Brexit. Martin Shanahan, the chief executive of the Industrial Development Agency, said the bulk of the interest came from banks and financial institutions based in the City of London. He told the Guardian newspaper that Dublin was looking to capitalize on Brexit by wooing firms with its low corporation tax rate and status as the only English speaking country in the EU after the UK leaves the trading bloc... A recent report by accountants PwC said up to 100,000 jobs in the UK financial services sector could be lost if the UK cannot strike a deal on passporting.
The New York Times also reports on the European Medicines Agency -- which oversees approval of drugs across Europe (like America's FDA) from London. The agency believes that relocating to a different country could mean losing up to half its employees, which would majorly impact the licensing and monitoring of prescription drugs for the entire European Union.

11 of 442 comments (clear)

  1. Re:Traitors. by Anonymous Coward · · Score: 5, Informative

    Now we know where these traitors stand and where they will be.

    Traitors? Who?

    The major firms fleeing an alarming, and possibly catastrophic, regulatory landscape in solo Britain? You're being silly. CEOs and entire boards of directors can and have been dismissed -- and even sued -- for not doing their due diligence by mitigating exactly that kind of factor. It's their job.

    The employees of said firms? Again, you're being silly. A paycheque is a paycheque. If I had a high-paying job that was relocating, especially if it was just to the other side of the Irish Sea, and even more especially if I could keep my EU passport after doing so, you'd better believe following them would be a strong option. Staying, unemployed, in a country with an uncertain future, might not.

  2. Re:Traitors. by Fragnet · · Score: 4, Informative

    Failing economy? Are you completely fucking retarded? The UK is doing better than most other economies in Europe even with Brexit priced in. And when it comes to broadband, something you seem to have a pea in your knickers about, I live in a small town and I've got BT Infinity. Yea - it's rolled out to most cities and towns in the UK these days. 1mb connections are mostly in rural areas.

    Stop writing. You seem to know precisely FUCK ALL about the UK.

  3. Re:The days of high taxes on corps are numbered by gtall · · Score: 3, Informative

    Technically, Trump is isn't part of the Far Right Wingnuts, he's merely using those rubes. End result is the same though.

  4. Re: Such as? by oobayly · · Score: 5, Informative

    I can't really comment on Trump - not being American. With regards to Brexit I can confidently say that the Leave voters in my office did indeed ignore facts and believed what they wanted to hear.

    * They were told the UK would have to make concessions to retain access to the single market, but "no, we've a bigger economy then Norway, so we'll get what we want".
    * They were told it would devalue the sterling, but "no, that's project fear"
    * They were told that Turkey joining the EU was highly unlikely - 1 out of 37 chapters in 10 years - but "no, Merkel will push it through" even though the UK was a bigger proponent than Germany.
    * They were given the figures on immigrants being less likely to claim benefits then natives, but ignored them.

  5. Re:I hope those in power learned by AmiMoJo · · Score: 3, Informative

    We learned that lying is the best policy. Tell people what they want to hear, not the cold hard truth. Doesn't even matter if they know your are bullshitting.

    Cameron should just have said that all immigration stops on January 1st 2017 and he could have won.

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  6. Re: Traitors. by TheRaven64 · · Score: 5, Informative

    not wanting your children raped by welfare migrants,

    Migrants from the EU are statistically less likely to be criminals, less likely to be claiming state benefits, and likely to be paying a higher tax rate. Now, if you're in a low-skilled job then you might have a convincing argument that you've suffered disproportionately from freedom of movement driving down wages.

    not wanting to be controlled by distant unelected beauracrats

    Which Bureaucrats are those? The European Commission employs around 30,000 civil servants. To put that in perspective, that's less than a tenth of the total number employed by the UK alone (and that's only counting ones employed centrally, not anyone employed by local governments). Or did you mean the European Parliament, elected via a party list system? You know, the one that Britain vetoed shifting power towards? Or the Council, composed of elected ministers from the member states? Or the Commission, comprised of one delegate for each country, nominated by their elected governments?

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  7. Re:Only English speaking country? by thegarbz · · Score: 3, Informative

    I was in the Netherlands on business recently and everyone spoke perfect English, even the waitress in her mid 50s at the restaurant.

    I had a retarded person (in the literal sense, mental and physical disability with a major speech impediment to boot which I even figured out listening to his Dutch) approach me in the street the other day and ask me to help him. I totally gave up. I wasn't even prepared to struggle through Dutch, it's hard enough to understand the people who can speek it properly. "Sorry, Ik spreek geen Nederlands". Then in perfect English (as perfect as anyone with a disability) he asked me if I knew how to get to the supermarket.

    Unbelievable.

    I'm thinking of moving there.

    There are a lot of good job offers with relocation packages at the moment. Definitely a bit of a brain-drain going on. There is some urgency too, as no-one knows when the cut-off date for exercising your EEA treaty rights (freedom of movement) will be.

    Tip for free: The Dutch have very high taxes 52% bracket kicks in at like 50000 EUR but are also very keen to snap up foreign talent. If you can find a job before moving over then the employer and a tax agent can ask for the 30% facility because you were brought in to the country for talent. This gives you a 30% tax free threshold on your income as well as simplifies some of the moving hassle (e.g. you can transfer a drivers license from almost any country if you get this facility, vs a list of like 20 countries if you don't)

  8. Re:The days of high taxes on corps are numbered by Joce640k · · Score: 2, Informative

    we have no idea what he will do when facing two conflicts ideas.

    Yes we do. He'll choose the option that makes the most profit (for him).

    Does anybody seriously believe that Trump cares about the common man? The common man is everything that Trump despises.

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  9. Re:The days of high taxes on corps are numbered by peragrin · · Score: 5, Informative

    Except vat tax raises the costs of goods on those who can least afford it. Making the poor pay a higher present age of the taxes.

    A person earning $50k a year spends 99% of his income
    A person earning $100k a year spends 97% of their income
    A person earning $250k a year spends 90% of their income
    Above that the percentage drops drastically.

    Money not spent on new goods is wasted in a consumer society therefore the top brackets need to be taxed heavily to compensate for their lack of spending

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  10. Re: Such as? by Raenex · · Score: 3, Informative

    They were given the figures on immigrants being less likely to claim benefits then natives, but ignored them.

    Figures I've seen were largely based on Eastern European immigration. What you're ignoring is the relatively recent massive influx of Muslims, and any statistics I find on that group are appalling. The most unemployed, the most claiming disability, the most on public housing, the most in medical costs. And this is hardly unique to the UK.

    Here's a recent left-wing source:

    "The high proportion of the Muslim prison population (13%) and the proportion of Muslims in social housing (28%) is also a "cause for concern", the report's author said."

    Here's an older source, and things have surely gotten worse since then:

    "Muslims households were the least likely to be homeowners (52%) and are the most likely among all religious groups to be living in accommodation rented from the council or housing association (28%); 4% live rent-free. [..] 63% contained at least one dependent child, and 25% contained three or more dependent children. [..] Muslims between the ages of 16 and 24 had the highest unemployment rates at 28%; 11% of Muslims over the age of 25 were unemployed. [..] Muslims were most likely to be unavailable or not actively seeking work due to reasons such as disability, being a student, or looking after the family and home. 31% of working-age men were economically inactive, as were 69% of working-age women."

    Not only is the massive Muslim immigration into the West a security risk, it's a massive failure economically.

  11. Re:The days of high taxes on corps are numbered by jellomizer · · Score: 3, Informative

    I guess those are words you live by.
    $1 a year is to just get around taxes. And unlike the trump foundation the Clinton foundation had a mission to help people.

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