Trump says Ireland has done 'amazing job' on economy
12 replies, posted
[URL="https://www.rte.ie/news/2017/0511/874391-donald-trump-ireland/"]https://www.rte.ie/news/2017/0511/874391-donald-trump-ireland/[/URL]
[QUOTE]US President Donald Trump has praised Ireland's economic policies in an interview with The Economist magazine.
Mr Trump was asked about his plans for the US economy, and used Ireland as an example, saying the country had done "an amazing job".
He also said that under his plans to cut corporation tax, a lot of companies would be moving back to the US and very few would be leaving.
He told The Economist: "You look at Ireland. I own a great property in Ireland that I bought during their downturn. And I give the Irish a lot, a lot of credit.
"They never raised their taxes. You know you would have thought when they were going through that really they would've doubled and tripled their taxes. They never raised it a penny. And they got through it and they are thriving now. Ireland's done an amazing job. A lot of companies have moved to Ireland and they like it.
"But we're going to be getting a lot of companies moving back and we're going to get very few companies leaving the United States because we went from the highest tax rate of not only major, you know they always say major countries, just about the highest tax rate period."[/QUOTE]
Suddenly I feel my skepticism of my government's policies rising...
Even a broken clock is right twice a day, I wouldn't let trump's endorsement change your opinion about most matters.
[QUOTE=hypno-toad;52215136]Even a broken clock is right twice a day, I wouldn't let trump's endorsement change your opinion about most matters.[/QUOTE]
I really need to work on my sarcasm, clearly. :v
Being serious, while we are no-where near the shit we were in 2010, and we no longer have our budgets decided by foreign groups... the effects of the recovery have not been felt by everyone, and with Brexit coming down the line I think we need a change in direction and a change in a lot of our policies to simply make this a fairer, better country to live in.
I didn't suffer during the recession but looking back, I think many around me did, through absolutely no fault of their own. Both because of the actions of Bertie Ahern and his cronies, and through certain policies of the government that came afterward.
Mostly, though, the past two governments have been fairly poor on social issues such as homelessness, etc. That's where my main issue lies - and why I wish our Labour party was stronger and led by someone more inspiring.
[QUOTE=hypno-toad;52215136]Even a broken clock is right twice a day, I wouldn't let trump's endorsement change your opinion about most matters.[/QUOTE]
pretty sure ireland's tax haven status isn't really helping their economy since it just means the entire government is funded by individual taxes instead of partially individual and corporate taxes. the tax code of the 21st century cannot and should not be purely individuals, corporations as people should not be able to avoid taxes if they claim individual status for things like free speech and religious exemptions.
[QUOTE=Sableye;52216133]pretty sure ireland's tax haven status isn't really helping their economy since it just means the entire government is funded by individual taxes instead of partially individual and corporate taxes. the tax code of the 21st century cannot and should not be purely individuals, corporations as people should not be able to avoid taxes if they claim individual status for things like free speech and religious exemptions.[/QUOTE]
The theory is that it's either having FDI with low corporate tax rates or not having it at all with higher corporate tax rates. Corporations would be more than willing to move to places like Poland where the cost of labour is cheaper, so the government would rather have employment created here at a higher wage with lower corporate tax, then tax the wage (as well as allowing it to be spent). I can't really say if all the MNCs would up and leave if we had a higher corporate tax rate, but I believe that's the thinking behind it (though there are other factors that makes Ireland an attractive foot into the EU market, such as the educated workforce and being a natively English-speaking nation).
I mean Ireland is where it is because it's a tax haven, that's Irelands thing.
[QUOTE=Vasili;52216562]I mean Ireland is where it is because it's a tax haven, that's Irelands thing.[/QUOTE]
And I can't wait for you to join us!
Sure we need to clean it up, I'm the first to admit that.
But are you *really* implying that's the only reason places come to Ireland? 'Cause you'll find those reasons mounting after Brexit.
Bit ironic, coming from you.
[URL="https://en.wikipedia.org/wiki/British_Virgin_Islands"]Especially when you have one place that's a tax haven itself.[/URL]
They were doing great until the great recession rendered the Irish economy noncompetitive.
[QUOTE=Daniel Smith;52216705]They were doing great until the great recession rendered the Irish economy noncompetitive.[/QUOTE]
Depends on how you look at it.
We never really stopped being attractive to international companies. It was domestically that things were disastrous, from what I can remember.
good things happen when the germans need motorways to get to their holiday homes :v:
[QUOTE=BlackMageMari;52216675]Bit ironic, coming from you.[/QUOTE]
This isn't a competition, I'm just stating a fact. Don't take everything posted on here as someone trying to fight you.
[QUOTE=Vasili;52216851]This isn't a competition, I'm just stating a fact. Don't take everything posted on here as someone trying to fight you.[/QUOTE]
Sure that "you" was a you aimed at the Brits in total. Though you haven't been nice to me at all sure in a lot of your posts for no reason. I have no problem with you but I detect you might have one with me.
And you say it's a fact but you act as if it's the only reason Ireland is a good place to do business. I hope that when a government finally solves our tax haven problem that will prove ya wrong.
[quote]They never raised their taxes. You know you would have thought when they were going through that really they would've doubled and tripled their taxes. They never raised it a penny. And they got through it and they are thriving now. Ireland's done an amazing job. A lot of companies have moved to Ireland and they like it.[/quote]
Donald Trump talks like a 9th grader trying to fill space in his essay.
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