Slashdot Mirror
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.
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.
Hey- you guys voted for Brexit. This is a consequence.
It's the free market. Allow it to sort things out. If you do not like the outcome- remember you voted for it.
Another consultant who stuck it out.
"We are the Priests, of the Temples of Syrinx..."
Coming year, France too could pull a Frexit (or whatever the French translation of that is), should Marine Le Pen win.
That you should not try to force people into what you want.
Brexit, Trump, the shit will keep happening over and over and over again until you learn how to talk to people like adults.
What are you even babbling about. Like Britain was some kind of financial wasteland until the EU formed and saved everyone?
Only the State obtains its revenue by coercion. - Murray Rothbard
"Alarming and catastrophic." And here I thought Microsoft was good at FUD. They have nothing on Liberals. Oppose any of their policies and the consequences are ALWAYS world-destroying. Even this article is a fucking joke. 100 people make an inquiry. The article assumes the worst case scenario: every single one of them will leave, and Britain won't do anything to convince them to stay.
Without any sort of "socialist" structure in place to ensure work is paid at the rate it earns for the company
What? So we are going to have a vast bureaucracy micromanaging every employee at every company to see exactly how much they "earn" for the company? That is absolutely idiotic.
Depends on whether you think corporations or humans are the species you want to flourish.
Its very easy to sit in the cheap seats and parrot what this around you are saying. I guess you can feel smart and "with it" by doing so, but frankly its been wearing thin. So, I would love it if you take a moment and show off this maturity that you claim you have.
1. Trump provided position papers on immigration reform, the second amendment, supreme court nominations, veterans affairs, economics, and more. Each of these is detailed. I doubt that you read them. Perhaps take a moment to do so. Try coming to your own conclusions about where you agree and disagree before going to google to find what you are supposed to think. This is what a mature person would do.
2. When you search for similar content from the Clinton side, you will find it much more sparse and less detailed. Like many people, you probably just felt she was "right" on the issues since she was a self proclaimed liberal. Perhaps note that "right on the issues" has a chance to very from person to person. In fact, many of her campaign speeches were contradictory, as if she was pandering more than selling a vision. Do you think it is wise or mature to support a candidate who is fluid on issues? Try to find her policy papers and compare them with the Trump ones.
3. Mature people make decisions and evaluations based upon logic and fact. An immature person makes important decisions on emotion. In fact, an increasingly popular political strategy is to simply call names to make an argument instead of outlining a case. This is very effective because it almost impossible to defend against emotional contructs. For example, you can call anyone racist. Once the label sticks, it is hard to counter even if it is untrue. You seem to have a very negative view of Trump. Perhaps you should prepare a list and right out why. Then, if you are mature, cross of any comment that is emotional or name calling. You might find that you are the victim of mass media manipulation.
For example, a mature response could be "I dislike Trumps stand on illegal immigration. I believe open borders are a good thing. People, like ideas, should be able to flow freely. I see no major issues resulting from assimilating large numbers of people into a country's culture. Such ideas of nation are antiquated and not worth profiting."
An immature response would be "Trump is a racist."
See the difference? In the first case, people can have an honest discussion, trade ideas back and forth, and sharpen their understanding of the world. The racist comment leads to now growth. No ideas. No solutions. I would even argue that those who continually use such tactics have something to hide. You may want to see what it is.
"Liberalism is a very noble idea, currently controlled by some very bad people. Be sure you do not get the two confused.
So the deficit is 25 billion. What is that as a percentage of total trade? I'm not sure if you're aware of this, but the EU has a larger - by a factor of 5 - economy then the UK.
So unless the our imports from the EU are 500% of our exports - they're not - any trade war is likely to hit the UK harder than the EU (there are no winners, just losers).
Unless of course you believe that the UK will get whatever it wants without any consequences, which is quite popular at the moment.
I should think Cyprus, Gibraltar, and Malta might take even more issue with it ...
I lean the other way. Taxes should only be collected on corporate profits and sales.
There are many benefits for this. The govt has less entities to go after in taxing. They spend less on earning the revenue. It's no small feat to process and check so many individual tax submissions. Additionally, with less actors, there is less fraud, less investigations, better funded, and higher returns per case. The govt can more easily direct the general market by taxing one sector over another or internationally over domestic. They can't impact/benefit specific companies as the other well funded companies will interfere. Any major inefficiencies or wastage of monies will be investigated and identified by corps demanding they keep the funds rather than have the govt waste it. The system encourages savings at the individual level but investments at the corp level.
For corporations, they can properly invest in the right amount of resources in processing taxes, paying politicians, lawyers for defense, and finding loopholes. We don't know of a more efficient entity for paying the minimum amount necessary. They also don't need to worry about calculating and paying different amounts of taxes on behalf of their employees and various benefits. Technically we already use corps as tax collectors for the majority of the nation's end user income taxes. Why not remove that job and cost?
For us, normal ppl, we don't need to worry about filing taxes every year. We don't need to worry about paying someone to navigate the tax code. The code is extremely simple for us, it's a percent of the sale. It gives us day to day transparency into the amount the govt takes to keep running. Which makes us more interested in how our govt spends the monies and thus helps the population make better calls during elections. Our savings can be passed on to our children without a middleman taking another cut but the society still benefits when it is spent or invested (directly or indirectly via loans). They aren't out gunned and taken advantage of in the taxation arena by politicians and corporations because they aren't a player.
You are correct in saying taxes do not come out of a corps' pocket, but they are excellent tax collectors and payers. Why not give them the whole job instead of passing it onto the uneducated (tax wise) masses?
Citation needed on all of that. It's easy to spout random crap, harder to back it up with reality. Show us the evidence. Name the "70% muslim cities" in "your country" (which country is that, anyway?) When are where were these kids? Links to any evidence of any of it being true. Yeah, thought so, pure bullshit.
So it's pointless to tax employees, since they'll only demand more pay or be unable to work there at that salary and leave.
But employees pay taxes for the army, police, fire brigade and legal system, all of which, if employers shouldn't be paying taxes for, should be unavailable to those employers. Nope, copyright doesn't exist for Disney, only their employees. Nope, trademark doesn't exist for Nike, only their employees. Nope, contracts are unenforcable by your employer, only employees, because the courts and justice system enforce them. Roads go only to homes, not employees. No protection against arson, fire or theft, for the business places, only the homes of employees. No access to MPs by representatives of businesses, only by constituents and other taxpaying employees, representing themselves. No international trade deals brokered, because MPs arrange it and courts enforce them, so unavailable to corporations and unusable by the employees.
The South of England is doing OK. The UK, not so much.
The thing about Trump is he just lies about everything. In business that isn't a big deal as the contract will force all actions. But for government it is a problem. We have the perception of lying politicians however for the most part they are rather truthful they may be wrong or misinformed but they are truthful. When most presidents say I want to do x, y or z when the opportunity comes up to do it they will. Trump who lies about everything just because people want to hear it stands on both sides of the fences and we have no idea what he will do when facing two conflicts ideas.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
The UK is doing better than most other economies in Europe even with Brexit priced in..
The pricing in of Brexit has just begun. That pricing in will continue for the next two years after art. 50 is triggered and it will continue for at least a decade after that. So far the Brexit process has proven to be so shambolic that it has had the effect of making people in other European countries take second look at the idea of staying in the EU which has led to significant improvements in EU approval ratings. The reason the UK is still doing fine is that you are still at the beginning of a long journey that has an uncertain destination and businesses don't like uncertainty. You can expect a whole bunch of businesses to just bail out rather than wait 10 years to find out exactly what the post Brexit world will look like, and then to have to wait another decade to find out if the Brexit experiment will pan out. The Brexit fun will only begin for real one or two years after art. 50 is triggered and after that Brexit will be a rollercoaster. If you want any indication of what that means Donald Trump's incoming trade secretary Wilbur Ross just called Brexit a "God-given opportunity” to steal business from the UK. That right there is a rational assessment of Brexit from an ice cold predatory capitalist. The sharks are in the water and they small blood.
He writes a good point with reasons and you offer no justification whatsoever for your comment. It is you that sounds scared, not him.
I love stacking my barbecues in the shed at the end of summer - you can't beat a bit of grill on grill action.
This is a common misconception among people who don't know shit and neoliberals who might know better but don't care.
Those "three places" you mention are all controlled by market conditions. As long as there is any competition, companies cannot just pass their tax bill along to customers, because they will lose them. Corporate tax is computed on profits at the end of the year, anyway, after the sale has taken place. The same goes for employees. If a corporation decides to cut salaries because of higher taxes (not to management of course) they won't get good employees.
Shareholders' value is also market-driven (naturally). Except for dividends, a corporation cannot pass it's tax bill on to shareholders.
Let's take Apple, for example. They have over $200 billion in cash. Give me a scenario where they're going to pass the bill for their Irish tax dodge on to customers, employees or shareholders.
You are welcome on my lawn.
The summary obviously means English as a dominant language.
And I obviously mean the same. I hear more people speaking english at my bank then Dutch. If you speak with even a slight accent people answer you in English sometimes out of pure politeness. As an English speaker not only does *everyone* speak English, but they often reply in English when you speak Dutch, and I even had a special person with a learning disability speaking English to me. English is taught in schools from the same year they start teaching Dutch (i.e. the first year), and it's quite funny to actually see Dutch people correct Brits on their English because they are actually taught the language properly.
Yeah there is a difference between England and The Netherlands when it comes to language. The Dutch speak better English.
You cannot have one without the other. Ideally corporations and human beings are a symbiotic relationship and not a parasitic one.
“Common sense is not so common.” — Voltaire