[rusk]

Spoken like somebody who knows very little about the topic.

The effective tax rate is far lower than this, but also, most countries have an effective tax rate for megacorps far lower than what they advertise once exemptions, subsidies and tax-breaks come into play.

[vetinari]

The difference is, that the Irish rate applies to any business taxing its income in Ireland. It doesn't have to be a megacorp, they do not have to have special relations to get subsidies or tax breaks. It may be your company, if your registered and operate it there.

That's not the case in other EU countries.

[rusk]

The difference is, that the Irish rate applies

Speaking as an Irish resident, I can tell you that this is effectively untrue. Indigenous businesses, or even businesses small enough to not get the sweetheart treatment of the relevant authorities definitely do not get equal treatment. The difference is vast.

[oarsinsync]

Are you suggesting that indigenous and/or small businesses are taxed at a higher rate than the published standard 12.5%, or that they don't qualify for even better exemptions and thus lower effective rates than 12.5%?

GP was indicating that Ireland has one of the lowest standard corporation taxes at 12.5% available to everyone, not that there aren't even better effective rates offered to larger corps & multinationals.

[rusk]

Yes I’m stating that as an absolute fact.

[oarsinsync]

Can you provide any evidence, as everything I can see shows 12.5% on trading income, and 25% on non-trading income.

Are you referring to the non-trading income corporation tax rate, or is there something else going on? If something else, that sounds an awful lot like corruption

[rusk]

Legal corruption

[rusk]

That's not to mention the impact that the US tax system has allowing megacorps defer and arbitrate their tax obligations, which effectively lets them pay even less than that

[dbdjfjrjvebd]

Yes but a lot of that is done by allowing large companies to offshore their profits.

[rusk]

No, that's not completely true. It's a part of the picture but there's plenty more strokes going on than that.

[dbdjfjrjvebd]

Hence "a lot" which allows for other processes. We agree.

[rusk]

To me “a lot” signifies “most of” which I think understated the amount of other skullduggery going on.