What is truth?

Posts tagged ‘Multinational corporation’

Kenny and Ireland’s dead cat bounce

By Michael Hennigan

Enda Kenny, taoiseach, made a broadcast to the nation last night to mark the official end of the international bailout and he deserves some credit for meeting the financial terms of the bailout and winning concessions from Europe on debt. However, the crisis
provided the best opportunity for radical change since the late 1950s and now
the time has passed. The Economist in a blog post titled ‘Dead Cat Bounce‘ says that meeting the bailout terms “has done little to solve Ireland’s underlying ailment: the fact that domestic activity – – roughly equivalent to GNP – – only accounts for 80% of GDP. As the multinational firms that account for most of the rest contribute little towards
government revenue due to Ireland’s super-low tax rates, Ireland’s debt burden
will only become more sustainable when domestic firms start booming.”

full article at source: http://www.finfacts.ie/irishfinancenews/article_1026992.shtml

Comment:

By Thomás Aengus O Cléirigh

104

Kenny and his co collaborators in the Twiddle dumb and twiddle dumber political system are effectively announcing that its back to Business as Usual for the 350 insider family’s or so elite that are running this BA-NAMA Republic .They lied to us and broke all their promises and anyone dumb enough to believe that Happy days are on the way with 65,000 citizens leaving every year is just a joke, the lower classes, the vulnerable and the old who cannot defend themselves. Our country is divided and these crooks are still parting at our expense, sucking our country dry on behalf of the big multi corporations ,who pay a pittance in tax  so the PAYE taxpayers will continue to carry the burden of bailing out gangsters, crooked politicians and toxic banks! We need a drastic change that includes the abolition of the current dictatorship of the 2.5 political party systems that ensures no change in politics no matter what combination of political party wins at the so called polls! Putting the likes of this puppet in charge of our lives along with Noonan, Gilmore, and M. Martin is just plain stupid!

Allowing the current totally corrupt system to continue is just putting off the day of reckoning /revolution. We cannot allow this system where these self-centred, sell-outs controlling   every aspect of our lives for 5 years after each and every election! No I want to be able to kick these crooks out of office via referendum (Direct democracy) a month after any election or any time within the 5year period, if they prove to be liars, con artists, on the make or downright puppets in the pay of foreign governments, and or proven to have deceived the people (Broken promises) No real modern democracy needs career politicians! We are a small country and we should be able to govern ourselves like the Swedes or the Swiss.

Have a great day!

So we the people of Ireland are paying the taxes these multinational corporations should be paying?

By Thomás O Cléirigh

158

So we the people of Ireland are paying the taxes these multinational corporations should be paying? As usual the Government are backing the rich and are threatening the downtrodden taxpayers of Ireland with the revenue commissioners .They have resorted to blackmail  and are trying to  hoodwink the citizens of Ireland ! This tax (Property tax= Irish Poll tax) is helping large multinational corporations to evade their taxes.

The tax haven (IFSC) in the Dublin docklands

ifschousenew

helps gangsters and dictators and human trafficking to steal from their own nations. This tax helps to keep open the largest money laundering operations and tax avoidance scams in the EU! At the last count there was over two trillion Euros in “managed funds” swirling around in that haven for hot money! How much of this money is drug money from the Mexican cartels or money from Human migrant slave trade or prostitution??

One thing is for sure this money has blood all over it and any government minster here in Ireland that allows this to continue is equally guilty of the horrendous murders that are occurring all around the world each and every day! Kenny and Noonan are swimming in blood at this stage!

untitled Mexico-beheadings

But I say not in my name or in my children’s name! I do not support the tax avoidance of hot money and we the people of Ireland must stand up and demand an end to our country been used by murders and gangsters from around the world. Kenny and Noonan should tax these rich gangsters before they come looking to steal my few cents for a so called property tax! I will not pay this property tax.

942852_589909111033058_1298399770_n

I will defend my right to my home with whatever means from these puppets of the troika, Berlin and the IMF.

Irish GNP projections under new US tax proposals

Have a look at this excellent article from

by Dr. Constantin Gurdgiev

Much ignored by irish media so far, the US Congressional proposals to reform corporate tax system are gaining

speed and have serious implications for Ireland. In the nutshell, today, US

House Ways & Means Committee Chairman Dave Camp described some of his report

proposals (see Bloomberg report here),

which include:

  • Lower corporate tax rate to 25 from 35%

  • Exempting 95% of overseas earnings from US tax

  • Introducing a tax holiday on repatriated profits

For US MNCs operating in Ireland this will serve as a powerful incentive to
on-shore profits accumulated in Ireland. While the full impact is impossible to
gauge – it is likely to be significant, running into 50% plus of retained
earnings.

This will, in turn, translate into higher Net Income Outflows from Ireland
(see QNA) and thus directly depress our Gross National Product.

full article at source:http://trueeconomics.blogspot.com/2011/10/26102011-irish-gnp-projections-under.html

Who Runs the world?

By Michael Ricciardi
In the first such analysis ever conducted, Swiss economic researchers have conducted a
global network analysis of the most powerful transnational corporations (TNCs).
Their results have revealed a core of 787 firms with control of 80% of this
network, and a “super entity” comprised of 147 corporations that have a
controlling interest in 40% of the network’s TNCs.

When we hear conspiracy theorist talk about this or that powerful group (or alliance
of said groups) “pulling strings” behind the scenes, we tend to dismiss or
minimize such claims, even though, deep down, we may suspect that there’s some
degree of truth to it, however distorted by the theorists’ slightly paranoid
perception of the world. But perhaps our tendency to dismiss such claims as
exaggerations (at best) comes from our inability to get even a slight grip on
the complexity of global corporate ownership; it’s all too vast and complicated
to get any clear sense of the reality.

read full article at source : http://planetsave.com/2011/08/28/who-runs-the-world-network-analysis-reveals-super-entity-of-global-corporate-control/

Tag Cloud