For those on the Left that still want to raise corporate taxes. Once again Ireland is taking top spot. Ireland's preparing to become the first euro zone member to complete its bailout, They have attracted many American and European businesses. Ireland upbeat ahead of bailout exit The Irish economy was hammered in the Great Recession, but its pro-business environment signals a brighter future. The U.S. continues a four-year slide due to declines in monetary freedom and a heightened regulatory climate. Three years ago, European governments and the International Monetary Fund sent Ireland a $113 billion (85 billion euro) bailout package to support the countrys budgetary needs and prop up the Irish banking system. The loan came after the Irish economy was devastated by the Great Recession. The bursting of the housing bubble was at the center of Irelands problems, and even with recent gains, home prices are still roughly 50% off their 2007 highs. Moodys Analytics doesnt expect home prices to reach 2007 levels for another two decades. Yet despite these economic troubles, Ireland still maintains an extremely pro-business environment that has attracted investments by some of the worlds biggest companies over the past decade. In Forbes eighth annual ranking of the Best Countries for Business, Ireland grabs the top spot for the first time. Ireland scores well across the board when measuring its business friendliness. It is the only nation that ranks among the top 15% of countries in every one of the 11 metrics we examined to gauge the best countries. Ireland ranks near the very top for low tax burden, investor protection and personal freedom. Ireland moved up from its No. 6 ranking last year on the strength of improved scores on the Heritage Foundations measure of monetary freedom, which gauges price stability and assesses price controls. Ireland also benefited from a stock market that has been on fire. The 44% return for the Irish Stock Exchange Overall Index in the 12 months through Nov. 20 ranks first among the top 30 countries. Ireland has continued to attract direct foreign investment despite its problems, says Melanie Bowler, a Moodys Analytics economist focused on Ireland. Bowler highlights the educated workforce and 12.5% corporate tax rateone of the lowest in Europeas big draws, as well as the language factor for companies from anglophone countries. You want to have a common language if you are setting up operations in Europe, she says. http://www.forbes.com/sites/kurtbad...rbes-list-of-the-best-countries-for-business/
..... Ireland have the best landscape, cities, musicians, businesses, and Irish music is fantastic and provides a great cardio workout for couch potatoes.
This was the first link when I googled Irish unemployment: http://www.independent.co.uk/news/b...rate-move-to-slash-welfare-costs-9002720.html Sounds like a GOP wet dream...
‘60 Minutes’ investigates why 100,000 American jobs went to Ireland - VIDEO American companies ‘stupid if they are not in Ireland’ says expert Ireland’s reputation as a major center for American investment came under intense scrutiny on America’s top rated TV show ‘60 Minutes’ on CBS which investigated why 100,000 jobs in American companies were in Ireland and not in the US. The investigation came at a tough time for Ireland when they are desperately trying to hang on to overseas investment in the current crunch and hardly need a bright light shining on the fact that American companies lose jobs to Ireland "Almost everybody is in Ireland," leading economist Martin Sullivan said. "All the pharmaceutical companies, all the high tech companies. You're stupid if you're not in Ireland," he replied. John Chambers , The CEO of Cisco ,one of America’s largest companies, told the company the low corporate tax rate of 12.5 per cent there compared to 35 per cent in the US. was key. "We do what makes sense to the shareholders," Chambers said. "We go where there are incentives in countries that say, 'We want you here, we're going to give you tax advantages, and we want you to add jobs here, etc.' We can no longer in America say, 'This is how we do it, therefore you must do it.' We've gotta change, or we're going to be left behind." Economist Martin Sullivan told ‘60 Minutes correspondent Lesley Stahl that "U.S. multinationals are shifting their research facilities, shifting their manufacturing facilities, and shifting some regional headquarters into Switzerland and into Ireland. And those are massive numbers of jobs," "Well, if you have a 35 percent rate in the United States and, for example, a 12.5 percent rate in Ireland, there's a incentive to move your factory to Ireland," he explained. "Six hundred American companies are in Ireland and they employ 100,000 people," Stahl stated . "Those are jobs that aren't here. And they moved to Ireland because of taxes." "The U.S. Treasury in effect is subsidizing investment in Ireland," Sullivan said. "We leave the money over there. I create jobs overseas; I acquire companies overseas; I build plants overseas; and I badly want to bring that money back," John Chambers told Stahl. Chambers told Stahl that Cisco had about $40 billion overseas that could be brought back to the U.S. Chambers called for lower corporate tax rates in the US , "All we're asking is: Give us a level playing field. Get us close." Read more: European leaders ‘beating up the Irish’ over corporate tax rate Read more: '60 Minutes’ goes behind the scenes as U2’s ‘Spider-Man’ opens to mixed reviews – SEE VIDEO Read more: http://www.irishcentral.com/news/60...-Ireland---VIDEO-118830494.html#ixzz2nO7YOuLM Follow us: @IrishCentral on Twitter | IrishCentral on Facebook Read more: http://www.irishcentral.com/news/60...-Ireland---VIDEO-118830494.html#ixzz2nO6PdS00 Follow us: @IrishCentral on Twitter | IrishCentral on Facebook
Okay so let's say the USA lowers it's corporate rate to 10%. Are you willing to have your individual rate go up to help make the difference?
To many foreigners came before the recession About what we might expect with 11 million illegals after citizenship is given. Ireland is offering money to immigrants to leave the recession-crippled Republic. The Irish Department of Justice has confirmed that it is opening an EU-funded project to persuade foreign workers and asylum seekers to return to their country of origin. A spokeswoman told the Observer this weekend that the scheme will only apply to non-EU nationals living in the Republic and would involve the department spending almost €600,000 this year to pay for immigrants and their families to return to nations outside the European Union. "The grants will not be given to individuals but rather the scheme will operate through projects and organisations," she added. "They [immigrants] can apply for the fund only through organisations and community groups. It is the first time we have introduced the scheme." The department has made it clear it had no projected figure in mind as to the number of immigrants the government hopes will take up the repatriation grants. Advertisements promoting the scheme were published in Irish national newspapers on Friday. Application forms will also be available for non-EU nationals in the main immigration centre on Burgh Quay, Dublin. The voluntary repatriation programme comes at a time of rising fears about the cost of immigration into Ireland. Last week the mayor of Limerick caused a political storm when he called for the deportation of EU nationals who were out of work for more than three months and were claiming social welfare benefits. Kevin Kiely said: "We are borrowing €400 million per week to maintain our own residents and we can't afford it. "During the good times it was grand, but we can't afford the current situation unless the EU is willing to step in and pay for non-nationals." However the mayor was forced to withdraw his remarks after a storm of protests. His own party, Fine Gael, distanced itself from his comments. In a subsequent statement, Kiely said: "I still am of the opinion and so are others, who have approached me in recent days, that there is abuse of the Irish social welfare system. "But in seeking to highlight this I inadvertently caused offence to others, which I very much regret." During the latter years of the Celtic Tiger boom Ireland underwent a demographic revolution in terms of its ethnic make-up. Up until the early 1990s Ireland was 95% white and Catholic. However, according to the Republic's central statistics office, about 18% of Ireland's inhabitants are now non-nationals. Most of them are from eastern Europe, China, Brazil and west Africa or are British citizens who have settled on the island. Some academics, such as Dr Bryan Fanning of University College Dublin, estimate that the real figure is more than 20%, meaning Ireland's "foreign" citizens make up over one fifth of the Republic's entire population. The majority of the immigrants who arrived during the boom years were enticed to Ireland to fill vacancies in the construction, retail and tourist sectors – the main parts of the Irish economy to be severely hit by the current recession. http://www.theguardian.com/world/2009/nov/15/ireland-pay-immigrants-go-home
Cisco alone says it has over 40 billion they want to bring home. What if most of these companies that have parked billions over seas brought that money home and also moved many of their factories back? Look at the tax money that could be added and taxes from new jobs that could be had. With new jobs comes more spending, more spending more jobs and more taxes.
