*Ø* Why US troops were allowed to use Shannon airport ...
... on their way to Iraq, while the Irish Government protested that it was supporting the UN line, i.e. "give the inspections more time, there is as yet no war". We wouldn't like any bad blood that might make these companies pull out and find their labour elsewhere, now would we. Never morals. Always economics.
Ireland is most profitable tax haven for US firms
"Ireland is the most profitable country in the world for US corporations, a detailed analysis of global tax havens has found, writes Sean O'Driscoll in New York
"The analysis, in the influential US tax journal Tax Notes, found that profits made by US companies in Ireland doubled from 1999 to 2002, while profits in most of the rest of Europe plunged. While Luxembourg showed greater profitability rates for US corporations, Ireland has a much larger 'real economy' and produced the greatest profitability.
"The report found a huge shift in the movement of capital towards tax havens.
"'In low-tax Ireland, for instance, profits of subsidiaries of US multinationals have doubled in four years, from $13.4 billion to $26.8 billion. Profits from operations of US multinationals in no-tax Bermuda have tripled, from $8.5 billion to $25.2 billion. Not surprisingly, those two tax havens rank as the number one and number two locations in terms of profitability for US corporations operating abroad - surpassing long-time leading investment partners like the United Kingdom,' the report found."
Continue at the Irish Times
... on their way to Iraq, while the Irish Government protested that it was supporting the UN line, i.e. "give the inspections more time, there is as yet no war". We wouldn't like any bad blood that might make these companies pull out and find their labour elsewhere, now would we. Never morals. Always economics.
Ireland is most profitable tax haven for US firms
"Ireland is the most profitable country in the world for US corporations, a detailed analysis of global tax havens has found, writes Sean O'Driscoll in New York
"The analysis, in the influential US tax journal Tax Notes, found that profits made by US companies in Ireland doubled from 1999 to 2002, while profits in most of the rest of Europe plunged. While Luxembourg showed greater profitability rates for US corporations, Ireland has a much larger 'real economy' and produced the greatest profitability.
"The report found a huge shift in the movement of capital towards tax havens.
"'In low-tax Ireland, for instance, profits of subsidiaries of US multinationals have doubled in four years, from $13.4 billion to $26.8 billion. Profits from operations of US multinationals in no-tax Bermuda have tripled, from $8.5 billion to $25.2 billion. Not surprisingly, those two tax havens rank as the number one and number two locations in terms of profitability for US corporations operating abroad - surpassing long-time leading investment partners like the United Kingdom,' the report found."
Continue at the Irish Times
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