[lbo-talk] Google Warns Irish Government Against Tax Increase - Slashdot

[fernando cassia]

/"The Irish government has been given a stark warning from some of the 
biggest American companies in Ireland 
<http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8148882/US-firms-warn-Irish-over-tax-move.html> 
on the risk of a mass exodus if the country's controversial low 
corporate tax rate is raised in return for an IMF/EU bailout to shore up 
the country's beleaguered banking system. According to The Telegraph, a 
statement signed by senior execs at Microsoft, HP, Bank of America, 
Merrill Lynch, and Intel points out that although Ireland's tax rate may 
be low in European terms, it is not when compared with locations such as 
Singapore, India and China. Separately, the head of Google's 
2,000-strong European HQ in Dublin told the Belfast Telegraph 
<http://www.belfasttelegraph.co.uk/news/local-national/republic-of-ireland/google-warns-irish-government-against-tax-increase-15009051.html> 
that 'anything that impinges on Ireland's competitiveness is going to be 
a big thing for Google,' adding that, 'anything that increases the 
cost-base of a business is negative for competitiveness.' /
http://slashdot.org/submission/1395620/Google-Warns-Irish-Government-Against-Tax-Increase