Originally Posted by Jupitel
I was referring to an action (lowering corporate taxes) that is often taken by countries that do not actually produce very much indeed but instead live off successful economies by offering tax heavens. This is what in essence Ireland has been doing after the last bailout, you can check the numbers yourself and compare them to other countries, you do not have to believe me. I have nothing against Ireland.
As far as the Vatican is concerned I'm Italian myself and I can make you a list of the things their bank pulled off in the past 60 years, such as recycling money for italian organized crime. Basically all these countries have in common 1) Are small and independent 2) Do not have a real economy 3) Rely on low corporate/inheritance/income taxes to attract business headquarters and offshore accounts. This is what Ireland has been doing to boost their economy, Apple case is significant because it seems that ,according to the EU commission, Ireland not just gave low corporate taxes (lower than allowed) to many companies but in particular Apple (maybe even 0.005% taxes on profits). This doesn't mean Ireland IS one of these "useless" countries, I never implied it nor have I ever believed it.
As far as personal insults are concerned I won't bother with that, if you're that hanged up on the word "useless" I can only conclude you have nothing better to do today or say in this discussion. Regardless, I'd like to offer my most sincere apologies to any Irishmen/Irishwoman I might have offended with my comments, I already stated it many times, but I have nothing against Ireland at all.
Many small countries have to do it in order to keep employment up. Overall that is the highest reason for this practice.
When a tech giant comes and hires 10000 people, it means 10000 people are getting money, and from that money, the government is getting money by taxing them.
If that tech giant leaves because they no longer get tax reductions, it means 10000 people are now unemployed. And if they can't find a job similar in other businesses, it means less evolvement of the country.
There are a lot of pros and cons to this practice.
The vatican in that concern, is not even similar. They aren't business tax heaven. They have no taxes on the basis that all the money they are getting is to pay for the priesthood and the preservations of the catholic real-estates.
If they gave apple a place to build offices and employ people and pay no tax, inside the vatican area, people would cry out before morning.