182

AIPAC zombies in Congress tweet in unison condemning Ireland for proposed law banning trade with companies operating in illegal Israeli settlements in the illegally-occupied Palestinian territories. (lemmy.dbzer0.com)

submitted 2 weeks ago by irelephant@lemmy.dbzer0.com to c/ireland@lemmy.world

17 comments fedilink hide all child comments

Found here: https://old.reddit.com/r/ireland/comments/1m2w06s/aipac_zombies_in_congress_tweet_in_unison/

you are viewing a single comment's thread
view the rest of the comments

[-] unexposedhazard@discuss.tchncs.de 35 points 2 weeks ago

Almost all of them are crying about consequences for US businesses. Im here wondering why tf Ireland should give a fuck about that?

[-] khannie@lemmy.world 7 points 2 weeks ago

There's an economic answer to this (of course there is) that you're not gonna like because I didn't:

Ireland is full of American multinationals who have their European headquarters here. If any of them were to trade with illegally occupied territories under the proposed and broadly supported "occupied territories bill" the fines would be huge and in some cases it would be difficult for those companies to avoid.

[-] unexposedhazard@discuss.tchncs.de 3 points 2 weeks ago* (last edited 2 weeks ago)

Yeah i know that ireland is a tax haven, but why should ireland itself care about those foreign leeches? Its not like they would lose any tax income if the tech companies were to move away lol

[-] khannie@lemmy.world 6 points 2 weeks ago* (last edited 2 weeks ago)

Our tax haven status is gone. We signed up to the 15% minimum OECD corporate tax rate along with a bunch of others. There are other European countries with a lower tax rate now (Hungary for example).

Those massive companies account for a very high percentage of our employment and tax take unfortunately.

[-] jonathan@piefed.social 3 points 2 weeks ago

We'd lose a whole lot of income tax/prsi, which is the government's largest funding source.

[-] unexposedhazard@discuss.tchncs.de 4 points 2 weeks ago

https://www.rte.ie/news/business/2023/0824/1401458-35-of-corporation-tax-collected-comes-from-ict-sector/

Its Annual Taxation Report, published this afternoon, says the ICT sector now accounts for 35% of the corporation tax collected and around 10% of income tax revenues.

Damn its actually more than i thought