By Finfacts Team
Irish Economy 2012: The Irish Exporters
Association (IEA) today launched its annual publication, the ‘Top 250
Exporting Companies in Ireland.’ Internet giant Google has been named as
Ireland’s largest exporter with export turnover
having increased by 55% from €6.5bn in last year’s listing to €10.1bn in
the current year (from the 2010 accounts). The IEA says the Irish operation is
now Google’s largest outside of the US, and employs staff from 40 different
countries. However, the UK is Google’s biggest overseas market and advertising
generated there, as well as in other countries, is booked in Ireland for tax
purposes. Google UK has a payroll of about 1,000 servicing customers in its
market and it reported a loss in 2010. The IEA says: ‘Ireland’s position as a
global services export hub is boosted by internet companies,’ but this is the realm of fairytales. The outsize data dictated by tax strategies of
companies such as Microsoft, Facebook and so on, does not even provide an
additional tax benefit for Ireland.
full article at source: http://www.finfacts.ie/irishfinancenews/article_1024613.shtml
Comment :
Another example of fairy tales on the Irish economic growth !When we see multi corporate companies paying their share of taxes we might then get some extra cash to fund our public services .Apparently Google doesnt like paying taxes to anybody including the Irish Government. (see link below)
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