Double Irish Arrangement

Lerch · 03-17-2011, 03:42 PM

http://en.wikipedia.org/wiki/Double_Irish_Arrangement

The Double Irish Arrangement is a tax avoidance strategy that U.S. based multinational corporations use to lower their income tax liability. The idea is to use payments between related entities in a corporate structure to shift income from a higher-tax country to a lower-tax country. It relies on the fact that Irish tax law does not include effective transfer pricing rules.

Major companies known to employ the Double Irish strategy are:

Eli Lilly and Company
Forest Laboratories
Google
Microsoft
Oracle Corp.
Pfizer Inc.

Experts estimate the US Government is going to lose about $100 Billion in Corporate Taxes this year alone.

Spaz · 03-17-2011, 03:55 PM

Quote:

Originally Posted by Lerch

Experts estimate the US Government is going to lose about $100 Billion in Corporate Taxes this year alone.

How can the Govt. lose money it didn't earn ? Govt. doesn't have it to lose ...they steal it from the TAX PAYERS on every level ....why don't they BALANCE THE BUDGET and quit spending and printing money rather than worrying about money they DIDN'T EARN ? JMHO

edit : Double Irish agreement,Dutch sandwich these sound like names for dirty sex acts

Lerch · 03-17-2011, 04:12 PM

Agreed, but I want to hide my income too, why can't I do that?

Spaz · 03-17-2011, 04:45 PM

Me to ...

The thing that kills me is the U.S. has either the 2nd to or the highest corporate tax rates..
They wonder why companies try to find loop holes or move overseas. They don't think of lowering
it and enticing those companies to bring their money and jobs back here. They are taxing,spending and regulating the country to the point of becoming a de-developing nation.

WadeJordan · 03-18-2011, 06:57 PM

part of the Fair Tax was to get the cprpriate tax one of the lowest

ifthat was ever passed we would have no problems finding jobs cause every corp would want to be in the states

ive always gottn pissed when i hear people saying corps dont pay enough in taxes. These are the people that pay wages and are the people that can find loop hole to not paying them, if you lower the taxes for them, in a whole everything is better

03-17-2011, 03:42 PM	#1
Lerch Senior Member Join Date: Aug 2009 Posts: 52,170 vCash: 2000000000000	Double Irish Arrangement http://en.wikipedia.org/wiki/Double_Irish_Arrangement The Double Irish Arrangement is a tax avoidance strategy that U.S. based multinational corporations use to lower their income tax liability. The idea is to use payments between related entities in a corporate structure to shift income from a higher-tax country to a lower-tax country. It relies on the fact that Irish tax law does not include effective transfer pricing rules. Major companies known to employ the Double Irish strategy are: Eli Lilly and Company Forest Laboratories Google Microsoft Oracle Corp. Pfizer Inc. Experts estimate the US Government is going to lose about $100 Billion in Corporate Taxes this year alone.

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03-17-2011, 04:12 PM	#3
Lerch Senior Member Join Date: Aug 2009 Posts: 52,170 vCash: 2000000000000	Agreed, but I want to hide my income too, why can't I do that?

03-17-2011, 04:45 PM	#4
Spaz BMF Join Date: Jun 2009 Location: Bullets,Beans and Bandaids Fl.. Posts: 53,110 vCash: 99742590428	Me to ... The thing that kills me is the U.S. has either the 2nd to or the highest corporate tax rates.. They wonder why companies try to find loop holes or move overseas. They don't think of lowering it and enticing those companies to bring their money and jobs back here. They are taxing,spending and regulating the country to the point of becoming a de-developing nation.

03-18-2011, 06:57 PM	#5
WadeJordan Senior Member Join Date: Jan 2011 Location: look at dead center of a map of the states Posts: 780 vCash: 7495758	part of the Fair Tax was to get the cprpriate tax one of the lowest ifthat was ever passed we would have no problems finding jobs cause every corp would want to be in the states ive always gottn pissed when i hear people saying corps dont pay enough in taxes. These are the people that pay wages and are the people that can find loop hole to not paying them, if you lower the taxes for them, in a whole everything is better

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