Posts Tagged ‘Michael Noonan’

Apple taxation and 1st World Problems

September 4, 2016

Apple - Irish Tax

What a bizarre scenario!

The EU want to charge Apple for back taxes to the tune of €13 billion – Ireland are supposed to get this money and we are all in a flap because this is an unlawful challenge to our tax system so we are appealing!!

Of course the giant have made colossal money and their tax gurus have used every possible loophole and structure to avoid paying the taxes that we get clobbered with.

Is this right and moral? – this is a great question but Ireland has had this fantastic “anchor tenant” in our country, which has no doubt helped us to attract other high profile foreign tenants.

Pierre Moscovici, the EU commissioner for economic and financial affairs, has said the commission is “certain” its decision to charge Apple €13 billion in back taxes is legally valid and he went on to say  “There will be no particular targets, and no particular indulgence. No one will escape. Nothing will stop this revolution of transparency.”

Pierre wants to start his own revolution!!

It’s all very strange timing from the EU coming on the heels of the Brexit vote – are they now walloping us for being so adamant and vocal about the importance of our relationship with the U.K.?

In the meantime our government aren’t taking this “attack” lying down as Taoiseach Enda Kenny and Finance Minister Michael Noonan have launched their own blistering attack on Europe over its ruling, accusing Brussels of using the scandal to create a “bridgehead” to target Ireland’s 12.5% corporation tax.

Our language got even stronger as they claimed the European Commission was “bullying” Ireland in the same way it did during the bailout.

The boxing gloves are well and truly on with the EU.

The Cabinet made a “unanimous” decision to appeal against the ruling but then the politicians started playing their usual games and two ministers undermined this stance when they said they still believe multinationals are not paying enough to the State. Doh!

It’s all very odd and confusing and it makes you wonder about the world we live in where the story of a genius company led by the true revolutionary, Steve Jobs comes crashing into the story of world politics and taxes or should we just say money.

These are very strange first world problems that other parts of the world would love to have right now..

Boy in ambulance in Syria

This is the recent photograph of five-year-old Omran Daqneesha who was sitting dazed and bloodied in the back of an ambulance after surviving a regime airstrike in Aleppo, highlighting the desperation of the Syrian civil war.

Greg Canty 

Greg Canty is a Partner of Fuzion Communicatons who offer Marketing, PR, GraphicDesign services from our offices in Dublin and Cork, Ireland

Is that your best shot?

December 8, 2012
Ghost Estate

Creative Solutions?

Is that your best shot?

I’m not sure about you but I felt a huge sense of the inevitable about this years budget – it was a huge nothing, not in terms of what will be taken from the “easy suspects” , which is wrecking our domestic economy but it was a nothing in terms of the “solutions” , initiatives, incentives to try to revitalise and generate growth in areas that badly need it.

I was deliberately ignoring all the “headlines” on budget day but I did manage to accidentally tune into Michael Noonan being interviewed on the radio – he was declaring it a budget “for” SME’s and designed to help jobs and growth..

That was interesting – I eagerly started looking for some of the budget detail. I am a little confused as to what is in place to make it a budget for SME’s and for generating jobs and growth. Nothing!

Our government who admittedly have  a really tough job in a tough economic climate had a lot of time to work and prepare for this budget – considering the job creation issues and the huge challenge with sectors of our economy it was a huge nothing.

This budget was lazy and unimaginative, it did nothing to stimulate our economy and most significantly it did nothing to restore confidence or any spark that would encourage you to drive on and start “making things happen”.

What is sure is that the budget won’t beat us and we will drive on and create our own future … As I have said to our own team “F**k the budget“.

Is that your best shot?  Unfortunately, it probably was …..

Greg Canty is a partner of Fuzion