What do companies do with profits?

[Berberis]

I see that Google's tax deal on British profits means that Ireland will get less tax revenue. The pot is only so big so if you take it from one place in the EU it leaves somewhere else. The UK deal seems to be very bad for the Irish economy, and lord knows, the Irish need companies like Google.

 

http://www.irishtimes.com/business/economy/google-to-pay-less-tax-in-ireland-on-british-profits-after-deal-1.2508797

 

Thats why the likes of Google, Amazon and Dell all have bases of operation in Ireland but this system of low tax, thumbing its noes ot other EU nations leaving them out of pocket is coming to an end. Amazon and Facebook are opening up branch offices all across the EU. These will be used to find the best route for their profits to limit their tax.

Edited January 28, 2016 by Berberis

[L00b]

I see that Google's tax deal on British profits means that Ireland will get less tax revenue. The pot is only so big so if you take it from one place in the EU it leaves somewhere else. The UK deal seems to be very bad for the Irish economy, and lord knows, the Irish need companies like Google.

My heart bleeds.

 

They've enjoyed the proceeds of that creative tax geo-location long enough, since before the Celtic Tiger, at the expense of the rest of the EU (and continually rebuffed the EU's attempts to put a stop to it, let it be said).

 

They chose to p*ss said proceeds up a wall the entire time and were worse-prepared than the UK when 2008 hit.

 

There's a reason I upped the L00b family's stick from Dublin in 2008: the coming storm and under-preparedness of the Irish economy and State for it were as plain as a nose on a face

 

"Pigeons coming home to roost" - never more apt.

[999tigger]

I see that Google's tax deal on British profits means that Ireland will get less tax revenue. The pot is only so big so if you take it from one place in the EU it leaves somewhere else. The UK deal seems to be very bad for the Irish economy, and lord knows, the Irish need companies like Google.

 

http://www.irishtimes.com/business/economy/google-to-pay-less-tax-in-ireland-on-british-profits-after-deal-1.2508797

 

Not really bothered about Ireland am more concerned with the UK.

 

The settlement is being examined again by the Commons treasury committee as it seems a really poor deal for the UK.

 

£130m v estimated profits of £7.2 billion, which amounts to a tax rate of c3%.

 

The French and Italians have made moves for more than three times the amount for business done in their countries on much less business, so it will be interesting to see how much they recover.

[Chelle-82]

It's a straight forward enough question. What do you think companies do with profits?

 

Buy a car, a home, spend money on their children, put it back into the business, employ more staff, save it, give to charity..

 

What ever they want to do with it really.

[Cyclone]

Companies don't buy homes (houses maybe, but not homes) or have children...

[Obelix]

Aren't we a little commie.

 

 

 

That is exactly what we capitalists do.

Don't forget - we also roll around in piles of money when noone is watching. Naked. In cowboy boots and hat. Covered in Vaseline.

 

Only cheapsters use Vaseline these days that's for the proles. Proper corporate overlords would use nothing less than organic hand churned tofu butter.

 

Er, apparantly. I mean I wouldn't know.

 

The cowboy hat and boots are spot on though.

 

---------- Post added 28-01-2016 at 16:03 ----------

 

Not really bothered about Ireland am more concerned with the UK.

 

The settlement is being examined again by the Commons treasury committee as it seems a really poor deal for the UK.

 

£130m v estimated profits of £7.2 billion, which amounts to a tax rate of c3%.

 

The French and Italians have made moves for more than three times the amount for business done in their countries on much less business, so it will be interesting to see how much they recover.

 

Are you sure that's not revenues rather than profits?

[Orzel]

Companies don't buy homes (houses maybe, but not homes) or have children...

 

Yes, companies have children

They are called subsidiaries

[Cyclone]

So those are subsidiaries, not children... That's why we call them subsidiaries...

 

---------- Post added 28-01-2016 at 22:07 ----------

 

Only cheapsters use Vaseline these days that's for the proles. Proper corporate overlords would use nothing less than organic hand churned tofu butter.

 

Er, apparantly. I mean I wouldn't know.

 

The cowboy hat and boots are spot on though.

 

---------- Post added 28-01-2016 at 16:03 ----------

 

 

Are you sure that's not revenues rather than profits?

 

It's estimated profits based on worldwide declared profits and the % of customers that reside in the UK (I think).

[Solomon1]

Not it's not.

A bad employer will treat you as poorly as they can get away with.

If you learn valuable skills, you become hard to replace. Then not only do you get better pay, you also get better treatment because you're valuable to them and you both know it.

 

I've always been an employee and I've always been improving my skills. It works.

 

This is great advice

 

Wish I'd had it years ago