Romney: Let the U.S. Become like Ireland

http://www.huffingtonpost.com/2012/0...n_1609089.html

"They've [the Irish] laid off a large fraction of their public workforce, they've slashed spending, they've had extreme austerity programs, they haven't really raised taxes on corporations or the rich at all, they have 14 percent unemployment, 30 percent youth unemployment, zero economic growth," Krugman said.
Romney, the likely Republican nominee for president, recently suggested that the government should lay off more firemen, policemen, and teachers, according to CNN. Romney's campaign website says that if elected president, Romney would aim to slash federal spending at least 18 percent by the end of his first term.

http://politicalhumor.about.com/od/p...omics.16xB.htm

We need to be more like Iceland.


http://www.davidicke.com/headlines/6...nkers-arrested

http://www.davidicke.com/headlines/6...nch-of-accused

We need to be more like Ireland in a sense that they charge only 14-14 1/2 % business taxes , you wouldn't believe the companies that are based there now , other countries are maybe 20% , whats the U.S. 30% . As one CEO put it , why wouldn't we move our H.Q.'s to these places with those taxes and went on to say its easier to do than we think , its all done on paper

For sure, a country with an economy based on consumption SHOULD lay off as many middle class consumers as possible. Makes so much sense....

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Originally Posted by Wingnatic

We need to be more like Ireland in a sense that they charge only 14-14 1/2 % business taxes , you wouldn't believe the companies that are based there now , other countries are maybe 20% , whats the U.S. 30% . As one CEO put it , why wouldn't we move our H.Q.'s to these places with those taxes and went on to say its easier to do than we think , its all done on paper

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Here's the thing -- those paper corporations aren't exactly helping Ireland's employment picture. There needs to be a huge overhaul of the US business tax structure to avoid this sort of thing. We also need to get rid of the 20% tax bonus paid to businesses that offshore jobs and replace it with one for companies that bring jobs in. of course the republicans have shot down that proposal every time it comes up

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Originally Posted by rb336

Here's the thing -- those paper corporations aren't exactly helping Ireland's employment picture. There needs to be a huge overhaul of the US business tax structure to avoid this sort of thing. We also need to get rid of the 20% tax bonus paid to businesses that offshore jobs and replace it with one for companies that bring jobs in. of course the republicans have shot down that proposal every time it comes up

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Hey RB...... can you provide a link to this information?Not that i don't trust your sources, but this is the type of crap I know goes on; I've just never seen it in writing.

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The budget would also provide tax incentives for manufacturers who create jobs in the U.S. and doubles the deduction for advanced manufacturing. It also ends tax deductions for shipping jobs overseas, and establishes a Manufacturing Communities Tax Credit to encourage investment in communities affected by job losses.

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http://www.accountingtoday.com/news/...16-1.html?pg=1

I've read accounting today articles before. they can't write worth a damn. I swear the word "also" appears in the first sentence of every paragraph. ugh

Quote:

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Originally Posted by Wingnatic

We need to be more like Ireland in a sense that they charge only 14-14 1/2 % business taxes , you wouldn't believe the companies that are based there now , other countries are maybe 20% , whats the U.S. 30% . As one CEO put it , why wouldn't we move our H.Q.'s to these places with those taxes and went on to say its easier to do than we think , its all done on paper

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In the mid 90s there was a lot of discussion regarding behemoths like IBM moving significant research and development, especially were IP was concerned, to Ireland. This was also around the time IBM purchased Lotus Development.

Enter beginning of the 21st century and Ireland continued to woo IT giants while IT labor costs grew.

2006 Ireland outsourcing scorecard.

IBM Expands Operations in Ireland.