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Tax breaks for Apple vs breaks for house hoarders? (Read 1349 times)
Sir lastnail
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Tax breaks for Apple vs breaks for house hoarders?
Aug 31st, 2016 at 10:23pm
 
Which would you rather see here in Australia ?

Would you rather see generous tax concessions given to multi national tech giants to come here as they have done in Ireland in order to create some real job and career prospects in high tech or would you rather see billions in tax concessions go to the light show brigade flipping old dump houses that were built decades ago ?

I know that no property developer or house flipper is ever going to give me a job, career or opportunity to participate in the tech industry so I favour withdrawing the generous tax concessions given to house hoarders and offering them to multinational tech giants. To me it is black and white and it is little wonder we barely have a high tech industry here at all !!

For decades we have been propping up a non productive property sector at the expense of losing tens of thousands of highly skilled and qualified people so they could find a job overseas Sad

Australia is a bullshit country run by Neanderthals and con-men Sad
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AiA
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #1 - Sep 1st, 2016 at 8:31am
 
tax incentives have their pros and cons and there isn't a lot of clarity around the matter. some of the most interesting data comes from the USA where states compete against each other by offering incentives:  job creation, infrastructure development and tax revenue generation have all been recorded there. On the other hand, some argue that jobs are not created as much as transferred, information is manipulated to make results look more positive than what they are and benefits are short-lived and easily lost, like when Apple begins to make threats.

The movie industry has been lured away from Hollywood to Australia and American states other than California have been fighting back by offering tax incentives for film production.

The ubiquity of incentives can also diminish competitive advantage. Apple can request and get those same Irish incentives in many places in the world.
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« Last Edit: Sep 1st, 2016 at 8:38am by AiA »  

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Sir lastnail
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #2 - Sep 1st, 2016 at 10:02am
 
One thing that is certain is that Apple doesn't come here. In it's place we have 1.2 million negatively geared investment properties draining 5 billion a year in forgone tax revenue. That is the price we pay for promoting mediocrity Sad

Look at all of the tech giants that are in Ireland !!

https://en.wikipedia.org/wiki/List_of_companies_of_Ireland

Electronics and technology
Accenture - headquarters, Dublin
Analog Devices - headquarters, Limerick
Amazon.com - world's largest online retailer, Located in Dublin
Apple Inc. - EMEA Headquarters, Hollyhill, Cork City
Airbnb - European headquarters, Dublin
Baltimore Technologies - renamed to Oryx International Growth Fund; quoted on LSE
Cisco - located in Oranmore, Co. Galway
Cúram Software - produces social enterprise management software, acquired by IBM
DCC - quoted on ISE and LSE
Dell Ireland - subsidiary of Dell, quoted on NASDAQ
Dropbox - EMEA Headquarters, Dublin
eBay - EMEA Headquarters, Blanchardstown, Dublin 15
EMC Ireland - subsidiary of EMC Corporation
Facebook - EMEA Headquarters, Barrow Street, Dublin 4
Farmflo - EMEA Headquarters, Letterkenny
Fineos - headquarters, Dublin
Glen Dimplex - manufacturer of consumer electrical goods
Google Ireland - EMEA Headquarters, Barrow Street, Dublin 4
Havok - acquired by Intel Corporation in 2007
Hewlett-Packard - Liffey Park Technology Campus (LPTC), Leixlip, Kildare
IBM - quoted on NYSE[2]
Indeed[3] EMEA Headquarters, 124/127 St Stephen’s Green, Dublin 2.
Infosys[4]
Intel Ireland - Leixlip, Kildare; largest manufacturing plant outside of the United States
IONA Technologies - acquired by Progress Software in 2008
LinkedIn - EMEA Headquarters, Wilton Place, Dublin
Logitech - R&D, S&M, finance, Cork
Microsoft Ireland - subsidiary of Microsoft, quoted on NASDAQ
NewBay Software - acquired by Research In Motion in 2011; sold to Synchronoss in 2012
Norkom Technologies - now a part of Detica
Openet - produces software for the telecoms industry
Oracle - Oracle EMEA Limited; based at East Point Business Park Fairview Dublin 3
PayPal - EMEA Headquarters, Blanchardstown, Dublin
Salesforce.com - SFDC Ireland Ltd.; based in the Atrium Sandyford Business Park, Dublin 18, Ireland
SAP AG - SAP SSC Ireland Ltd.; based in Citywest Business Park, Dublin 24 and Galway, Parkmore Business Park
Symantec Ireland
Tata Consultancy Services - Ballsbridge, Dublin 4
Twitter - EU Headquarters, Dublin
Uber - EU Headquarters, Limerick
Workday - EU Headquarters, Dublin
Xilinx - FPGA and EDA tool company
Yahoo - EU Headquarters, Dublin
Yelp - EU Headquarters, Dublin
Zamano - quoted on AIM



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AiA
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #3 - Sep 1st, 2016 at 10:27am
 
Many on that list would be called corporate tax-evaders by Americans ... and for good reason.
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Sir lastnail
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #4 - Sep 1st, 2016 at 6:32pm
 
AiA wrote on Sep 1st, 2016 at 10:27am:
Many on that list would be called corporate tax-evaders by Americans ... and for good reason.


And the light shoe brigade wheeling and dealing in properties are not tax evaders ??
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Bobby.
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #5 - Sep 1st, 2016 at 7:15pm
 
Hi sir Nail,
those big companies have their own greed at heart -
they don't care about us:



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Sir lastnail
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #6 - Sep 1st, 2016 at 7:17pm
 
Bobby. wrote on Sep 1st, 2016 at 7:15pm:
Hi sir Nail,
those big companies have their own greed at heart -
they don't care about us:





No business does but do you think those greedy house hoarders care about first home buyers or people who just want to own one house for the intended purpose of providing a roof over their heads ? They would rather see them as eternal renters of their investment properties.
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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Bobby.
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #7 - Sep 2nd, 2016 at 6:48am
 
Sir lastnail wrote on Sep 1st, 2016 at 7:17pm:
Bobby. wrote on Sep 1st, 2016 at 7:15pm:
Hi sir Nail,
those big companies have their own greed at heart -
they don't care about us:





No business does but do you think those greedy house hoarders care about first home buyers or people who just want to own one house for the intended purpose of providing a roof over their heads ? They would rather see them as eternal renters of their investment properties.



Hi sir Nail,
I don't believe that 1 person should be able to own 20 houses
& claim tax advantages while others are forced out of market.
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #8 - Sep 2nd, 2016 at 7:33am
 
All those companies that you have nominated Sir Last Nail are pirates of the worst kind..international pirates who go to a tax haven where they pay 1% tax.


Countries across the world are missing out on reasonable taxation income because these greed driven companies won't pay their fair share. Apple Google and the others are doing it blatantly here but the day is fast approaching when they will have to ante up.

Do you really think that these companies will abandon Australia? Not with the huge profits they are making here tax or no tax.

I hope the European Union rips the heart out of these schemes.

These companies which in reality are monsters need to be brought to Justice.
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John Smith
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #9 - Sep 2nd, 2016 at 7:56am
 
what good is apple in Australia if it doesn't pay taxes? At least the house flippers pay their taxes.
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I hope that bitch who was running their brothels for them gets raped with a cactus.
 
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Sir lastnail
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #10 - Sep 2nd, 2016 at 10:50am
 
John Smith wrote on Sep 2nd, 2016 at 7:56am:
what good is apple in Australia if it doesn't pay taxes? At least the house flippers pay their taxes.


They provide decent career prospects and many technology spin-offs come from those companies. What tech industries do house flippers provide ? The banking industry and realestate.com Cheesy LOL

And 5 billion a year in forgone tax revenue is your idea of paying taxes ? Throw in another 4 bill a year for capital gains tax discounts !
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« Last Edit: Sep 2nd, 2016 at 10:58am by Sir lastnail »  

In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.
 
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Sir lastnail
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #11 - Sep 2nd, 2016 at 10:54am
 
red baron wrote on Sep 2nd, 2016 at 7:33am:
All those companies that you have nominated Sir Last Nail are pirates of the worst kind..international pirates who go to a tax haven where they pay 1% tax.


Countries across the world are missing out on reasonable taxation income because these greed driven companies won't pay their fair share. Apple Google and the others are doing it blatantly here but the day is fast approaching when they will have to ante up.

Do you really think that these companies will abandon Australia? Not with the huge profits they are making here tax or no tax.

I hope the European Union rips the heart out of these schemes.

These companies which in reality are monsters need to be brought to Justice.


Yes they are but I'm just thinking that they are the lesser of two evils when you compare it with decades of these house hoarders and flippers getting away with 100's of billions of forgone tax revenue.

What benefit does the non productive housing industry provide apart from over inflating house prices and racking up mountains of debt and providing employment for halfwit tradies that never completed high school ? What productive industries do they create in terms of GDP ? All I can see it doing is creating more job prospects for real estate agent parasites and the rest of the swill that hangs off it. I don't see how this helps the nation as a whole.

If property deals were the answer wouldn't Silicon Valley closed down and just resorted to flipping properties by now ?
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John Smith
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #12 - Sep 2nd, 2016 at 12:08pm
 
Sir lastnail wrote on Sep 2nd, 2016 at 10:50am:
John Smith wrote on Sep 2nd, 2016 at 7:56am:
what good is apple in Australia if it doesn't pay taxes? At least the house flippers pay their taxes.


They provide decent career prospects and many technology spin-offs come from those companies. What tech industries do house flippers provide ? The banking industry and realestate.com Cheesy LOL

And 5 billion a year in forgone tax revenue is your idea of paying taxes ? Throw in another 4 bill a year for capital gains tax discounts !


career prospects? you mean if they don't give then tax exemptions Apple will stop selling in Australia?

as for your 5 billion rubbish ... if they don't pay tax now, they pay CGT when they sell .... when does Apple ever pay tax?
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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #13 - Sep 2nd, 2016 at 10:55pm
 
It must be a Cultural thing because I see these opinions as based on feelings rather then thought. Ultimately the consumer pays all the Taxes in the price payed for goods and services.
By house hoarders I can only guess you are referring to people who restore and update existing houses and other buildings. They buy new materials and pay for the labor to increase the value of their projects. Every time money changes hands the government gets a cut. Back in the day when the locals made up the labor force many built on their skills and became successful businessmen. Today most people seem to look down on the workers who get their hands dirty for a living. Somehow the drones in the cube farms with their vague super high school diplomas from a University feel they are superior to people who actually have useful life skills.

As for Apple, my issues with them have nothing to do with how much tax they pay but how much money they pour into Liberal causes!

Governments are insatiable and in their greed drive away opportunity for their own people!

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Re: Tax breaks for Apple vs breaks for house hoarders?
Reply #14 - Sep 3rd, 2016 at 12:16am
 
AiA wrote on Sep 1st, 2016 at 10:27am:
Many on that list would be called corporate tax-evaders by Americans ... and for good reason.


And when the international protocols on tax evasion are set in place, and all signatory countries are required to render up a list of their taxpaying companies..... and non-signatory ones are offered trade sanctions if they fail compliance.... and the Global Taxation Office compels all taxes to be paid to the countries in which profit is earned (sort of a refined global GST if you like)... then the 'global economy' will have caught up with itself in terms of paying due taxes.

The ONLY part of the 'global economy' that is not part of the equation is tax paid by companies and by individuals who operate for off-shore companies that operate here.

Andrei, for example, only pays income tax to Australia for the work his organisation deems him to do here - which generally puts him in one of the lower tax brackets.. IF he pays any at all.

Andrei:-  ""Oh, my company says I only did work worth $18k for our Australian branch."

ATO:-  "Thank you, Mr Hicks - that means you are below the tax free threshold and pay no tax here."


HELLO!!
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