OriOko88:

You're so confident typing fake news online. What's the correlation between ireland and UK. Ireland is in EU while UK is not. So what's with UK anger over US companies paying corporate tax in Ireland? U think Ireland is in UK?

I was shocked too. I don't think he know anything about Ireland. That country called Ireland is like "Pascal Dozie". Low-key superbly rich

ttmacoy:
You're joking right?

I will give a real life example, my wife works for a biotech company called Horizon which was headquartered in Ireland for tax purposes but operates pretty much out of Deerfield in Illinois.

https://www.theverge.com/2021/10/7/22715229/ireland-status-tax-haven-google-facebook-apple

https://www.irishtimes.com/business/2023/10/23/ireland-identified-as-one-of-worlds-top-tax-havens/

If Ireland truly has a GDP per capita of $130k+ who is their average salary like €3k a month

My point about the taxes is not just to UK but pretty much Europe but I used UK as example. This is an example of Amazon using Luxembourg to do the same thing. And that is another reason why Luxembourg's GDP per capita is skewed, a combination of US tech firms using it as a low tax entry into the EU and Europe and half of its workforce living in neighboring countries but excluded from the GDP per capita calculation.


https://www.theguardian.com/technology/2021/may/04/amazon-sales-income-europe-corporation-tax-luxembourg

Apple was the tech company that started this trend and you can see the EU has started fighting back and
If they succeed I expect Ireland GDP to drop over time given that tax advantage is no longer there.

https://www.google.com/amp/s/amp.theguardian.com/technology/2023/nov/09/apple-suffers-setback-in-fight-against-eu-order-to-pay-11bn-tax-bill-in-ireland

If you think you will go Ireland and get a €100k job because the GDP per capita is so high you're delusional lol

Ireland is a tax haven simple stop deceiving yourself, and the boom in jobs over the last 10 or so years has been driven by US tech and other companies especially biotechnology companies setting up their European headquarters there for tax reasons.

Ireland's true GDP is significantly lower than the UK, I will be surprised if it's more than $45k.

https://www.irishtimes.com/business/economy/2023/01/30/irish-economy-now-growing-at-four-times-the-eu-rate/


https://www.politico.eu/article/ireland-gdp-growth-multinationals-misleading/

my wife works for a biotech company called Horizon which was headquartered in Ireland for tax purposes but operates pretty much out of Deerfield in Illinois. yen yen yen yen. Your wife na member of global economic? Or she work for European economic forum?

Forget story. Ireland is a super rich country.

Racoon:
Nigeria is only rich in extreme individual and institutional corruption hence no where to be found. Now let's have the list of the most corrupt nations on earth. Let's see our ranking. Seems transparency international no more do ranking on corrupt nations anymore?

Nigeria is rich in tribalism, religiosity, ethnicity, sectionalism, banditry, terrorism and corruption. The funny thing is we are not ready to wake up from our slumber, even the so called leaders of tomorrow are killing their own future knowingly by joining hands with those that have eaten their future since yesterday.
Are the so-called leaders of tomorrow ready? Far from it, they are not ready a bit. They are still toiling with their future and playing joker with it. They are like a stray dog that doesn't hear the whistle of its master. Very heart hardened youths.

superintendents:


No single African country..

modified..
Make una dey calm down they post number 1 to 50 when I first comment..

Djibouti no be Africa?

Ok I don hear, Ireland is super rich, go an get a high paying job in Ireland 😂 😆 😂 😆 😂 😆

I don't need to work for world economic forum to have an understanding but that's seems to be your shining moment that you paid $65k for your boss to attend world economic forum and yet you can't grasp the basic concept of what drives different countries GDP per capita.

Which companies have the Irish founded that justifies such high GDP per capita? Guinness Do they have oil like Norway where you can clearly see their high GDP per capita is how they invested their natural resources and they have a small population?

When you have a country with GDP per capita of $130k yet the average salary is €3k a month that should set alarms bells in your head to ask what is driving the unusually high GDP per capita not. You should not have such disparity between both figures.

Indigbo:



my wife works for a biotech company called Horizon which was headquartered in Ireland for tax purposes but operates pretty much out of Deerfield in Illinois. yen yen yen yen. Your wife na member of global economic? Or she work for European economic forum?

Forget story. Ireland is a super rich country.

Please address my points one by one and tell me which one is wrong, because you paid $69k for the last world economic forum doesn't means Ireland's true GDP per capita is over $130k?

As I said I will be surprised if Ireland's true GDP is more than $45k when you remove all the distortions from the US companies.

You claim they are working on their housing crisis and so immigrants will flood in, aren't the majority of the jobs that attracted immigrants from the US companies in the first place? 😂, which Irish company is hiring people at that level? None buddy none. The job boom was driven by US companies setting up in Ireland for tax purposes, stop claiming what you don't understand.

And as I said if the EU is successful in closing the tax loophole in their fight with Apple Ireland's GDP will drop significantly because there is really no other benefit aside the tax benefits hence why even Ireland is fighting against the EU. In summary Ireland will be F**KED if the EU is successful in forcing Apple to pay the back taxes and closing the loophole. And the Biden administration gave also been trying to work with other countries to level the corporate tax and agree a minimum corporate tax which if successful will close the tax haven loophole that Ireland depends on.

Luxembourg is a rich country yes but that GDP per capita is highly skewed, as I said half of the country's workforce live and commute from neighboring countries like Australia, Germany etc so NO Luxembourg does not have a true GDP per capita of over $130k or whatever was listed. Are they still a rich country sure but nowhere near $130k per capita rich, not even close. And Luxembourg's GDP per capita is also skewed by US companies seeking tax havens into Europe lol.

For someone who claims to go to attend the world economic forum you sure have very little understanding of how economies work.

You really think the Irish have it better than the British? Really Ireland is richer than the UK? Nah joke? 😂 😆

Indigbo:



Please don't argue what you don't know. Do you work with global finance? Last world economic forum with membership fee cost $69,000 per year, my oga is a member and we attended together. I'm not a member. Plus don't argue if you don't know about these things. Ireland is a phucking very very rich country. In fact They don't even know what to do with money again cos they're super rich now. You can't go hungry in Ireland except if you're not ready to show yourself. They're currently working on their accommodation crisis, you see how immigrants flooding in right now? Luxembourg too same but the difference is that Ireland is more accessible than Luxembourg. Lux is phucking rich too. Those two countries are small but mighty in money right now. This I am one billion percent sure of. I don't argue about what I am not sure of.

grandstar:


China is notorious for stealing technology. A lot of its advancement in telecoms and bullet trains and other industries came from stolen patents. The theft is very brazen. This just isn't fair trade. The Chinese government is spending $150bn in building microchip plants. This is outright cheating. It isn't by the private sector. Naturally, Chinese companies won't be producing microchips at this stage.

First, everyone "stole" technology from the other. The Americans "stole" from the Germans and the British. The Japanese "stole" from the Americans. The Koreans "stole" from the Japanese. So, China's "stealing" is not out of place. The complaints are because China is not bending to the whims of the West, if not, the same treatment China gets today from the US is what Japan - an ally - experienced when its firms were racing past American automakers and chipmakers. Then came the Plaza Accord.

This is not the first time the West led by the US is trying to sanction a competitor out of business. The difference is that China is big and has nuclear weapons.

Most importantly, this lie that China steals its way to innovation has gone too far. China and Chinese institutions lead in patent fillings. Not just by sheer numbers, but breadth of industries and specialities. For one, China innovated its way to EV dominance. China DID NOT copy any country, but innovated her way through.

China also wants to export wilinilly all over the globe put places a protectionist wall on imports into its own country.

This is not true. Please explain what China deters from entering the country. EU chiefs made this same mendacious claim when they visited the country months ago and were rebuffed. The EU follows the US lead in barring exports of EUV machines to China - a major export - yet complains that China is not importing enough from the union. China buys a lot of German cars, French luxury goods and superior technical machinery from Switzerland.

As for exports, how is it the fault of China that the rest of the world cannot compete with her? Previously, China was known for low-end goods, but as it rose the value chains, it has been able to produce high-quality products at low prices even at the point of amassing losses. How is that a bad thing? The solar panels in developing countries which produce cheap but low-carbon electricity are the result of China's ingenuity at producing high-quality products at low prices. China is not stopping others from doing the same. It is a free world.

Isn't that what capitalism preaches?

Japan, South Korea and especially Taiwan are wary of China and so called advanced technologies. They have more to lose than the West.

How is that the fault of China? I ask again, is it a crime for a country to aspire to high value production? So, China should just remain a consumer, rather than attempt to be a producer as well? Are Korean and Japanese companies not declaring huge profits because their goods are widely purchased by Chinese firms?

China wants to be a leader in microchips. This will hit Taiwan hard! A lot of its companies are suffering because China has specially targeted companies that Taiwan has comparative advantage in.

You haven't explained how this is a bad thing o. How is it a bad thing for China to be a leader in microchips? Are Taiwanese not ethnic Chinese as well? So, why is it right for a younger brother to be successful at one thing, but bad for the elder brother to do the same?

This is something you must understand about economies. When countries are poor, their main selling point is cheap labour. Companies set up labour intensive factories making textiles, garments and so on and other goods.

As these countries grow richer, labour cost increases and gradually they shift from brawn to brains. China is gradually transitioning but the problem it wants leapfrog by decades. China's per capita income is only $8,000-11,000. It wants to achieve what countries with per capita incomes of $30,000 or more are doing.

I would sound like a broken record here: but how is it a bad thing for China to leapfrog technological development? Why is it good for Americans to be good at one thing, but bad for the Chinese? Why should a major economic power of more than 10000 years be made to look wrong because it is reigniting previous achievements?

China I repeat would eventually become a leader in many technologies as it has already in some.

Praise God! Finally, you agree that the Chinese have the right to be a leader in many technologies.

I do understand China's fear is its overdependence on import of microchips but China has largely itself to blame. Its cold war with Taiwan is unnecessary. It should let Taiwan be. Taiwan is too far gone to be part of China today, and the Taiwanese have seen what happened in Hong Kong. A middle ground can be reached between the two countries, but certainly not by force.

What Cold War? The rule is simple: don't declare independence and nothing will happen. The US and Taiwanese elites acknowledge this, but you seem to don't.

Any invasion by China would lead to the death of the Chinese economy.

Where did you hear Chinese officials say they want to invade Taiwan? Please remember the above rule. As for Hong Kong, it has always been a Chinese city. So, why the surprise?

China is currently the world's largest semiconductor market in terms of consumption. In 2020, China represented 53.7% of worldwide chip sales, or $239.45 billion out of $446.1 billion. However, a large percentage are imported from multinational suppliers. In 2020, imports took up over 83% ($199.7 billion) of total chip sales. In response, the country launched a number of initiatives to reduce its reliance on foreign companies, including investing $150 billion into its domestic IC industry through avenues like the National Integrated Circuit Industry Investment Fund (CICF). In 2022, the country announced a “Made in China 2025” goal of 70% domestic production.

Nothing wrong here. Unlike Buhari who barred wheat imports in the name of Nigeria producing hers, China is not barring the imports of chips. It is the West led by Americans that is doing so.

Gerrard59:


First, everyone "stole" technology from the other. The Americans "stole" from the Germans and the British. The Japanese "stole" from the Americans. The Koreans "stole" from the Japanese. So, China's "stealing" is not out of place. The complaints are because China is not bending to the whims of the West, if not, the same treatment China gets today from the US is what Japan - an ally - experienced when its firms were racing past American automakers and chipmakers. Then came the Plaza Accord.

This is not the first time the West led by the US is trying to sanction a competitor out of business. The difference is that China is big and has nuclear weapons.

Most importantly, this lie that China steals its way to innovation has gone too far. China and Chinese institutions lead in patent fillings. Not just by sheer numbers, but breadth of industries and specialities. For one, China innovated its way to EV dominance. China DID NOT copy any country, but innovated her way through.



This is not true. Please explain what China deters from entering the country. EU chiefs made this same mendacious claim when they visited the country months ago and were rebuffed. The EU follows the US lead in barring exports of EUV machines to China - a major export - yet complains that China is not importing enough from the union. China buys a lot of German cars, French luxury goods and superior technical machinery from Switzerland.

As for exports, how is it the fault of China that the rest of the world cannot compete with her? Previously, China was known for low-end goods, but as it rose the value chains, it has been able to produce high-quality products at low prices even at the point of amassing losses. How is that a bad thing? The solar panels in developing countries which produce cheap but low-carbon electricity are the result of China's ingenuity at producing high-quality products at low prices. China is not stopping others from doing the same. It is a free world.

Isn't that what capitalism preaches?



How is that the fault of China? I ask again, is it a crime for a country to aspire to high value production? So, China should just remain a consumer, rather than attempt to be a producer as well? Are Korean and Japanese companies not declaring huge profits because their goods are widely purchased by Chinese firms?



You haven't explained how this is a bad thing o. How is it a bad thing for China to be a leader in microchips? Are Taiwanese not ethnic Chinese as well? So, why is it right for a younger brother to be successful at one thing, but bad for the elder brother to do the same?



I would sound like a broken record here: but how is it a bad thing for China to leapfrog technological development? Why is it good for Americans to be good at one thing, but bad for the Chinese? Why should a major economic power of more than 10000 years be made to look wrong because it is reigniting previous achievements?



Praise God! Finally, you agree that the Chinese have the right to be a leader in many technologies.



What Cold War? The rule is simple: don't declare independence and nothing will happen. The US and Taiwanese elites acknowledge this, but you seem to don't.



Where did you hear Chinese officials say they want to invade Taiwan? Please remember the above rule. As for Hong Kong, it has always been a Chinese city. So, why the surprise?



Nothing wrong here. Unlike Buhari who barred wheat imports in the name of Nigeria producing hers, China is not barring the imports of chips. It is the West led by Americans that is doing so.

You're obviously pro-China, and anti-West.

I'll argue no more

grandstar:


You're obviously pro-China, and anti-West.

I'll argue no more

So, this is the best response to a question about why is it bad for China to progress along the value chain?Interesting.

Thankfully, Chinese elites aren't like those in Africa.

Gerrard59:


So, this is the best response to a question about why is it bad for China to progress along the value chain?Interesting.

Thankfully, Chinese elites aren't like those in Africa.

I never said China should not rise through the value chain. I just said it must do so fairly and naturally.

When I said naturally, it should allow the free market pick winners. Presently, the Chinese government goes over the top to chose winners.

The market always does a far better job in picking winners than the state. This is so globally and that is what leading economists advocate.

Gerrard59:


So, this is the best response to a question about why is it bad for China to progress along the value chain?Interesting.

Thankfully, Chinese elites aren't like those in Africa.

You also mention about China's dominance of eletric vehicles.

It's "dominance" in electric vehicles was achieved through excessive government subsidies. There's now a mountain of unsold electric cars from so many Chinese brands who just hopped into the scene because of the subsidies. There are just too many unsold vehicles.

Nevertheless, upon some very indepth study of electric vehicles, some kudos should be handed China. However, wanting to sell to other parts of the world heavily subsidized vehicles or unsellable lots is very questionable and its dumping in trade parlance.

https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/

https://www.reuters.com/breakingviews/china-ev-overcapacity-fix-would-be-crowd-pleaser-2024-01-22/

grandstar:


I never said China should not rise through the value chain. I just said it must do so fairly and naturally.

When I said naturally, it should allow the free market pick winners. Presently, the Chinese government goes over the top to chose winners.

The market always does a far better job in picking winners than the state. This is so globally and that is what leading economists advocate.

Again, that is not true. Over 70 EV companies are battling against each other in selling their cars at cheap prices. In fact, one of the reasons EVs have gotten so cheap in China is due to the fierce competition. So, how is the Chinese government picking winners? BYD and Co are wining because the enormous capital they have, not because they are favoured. In fact, I dare say none is favoured to be the top. Rather, consumers are encouraged with subsidies to buy EVs, so this spurs competition from the automakers.

I am curious, where are you getting your articles about the Chinese EV revolution from? I get mine from the Economist and Financial Times, but pay close attention to the commentary section of the latter as there are very insightful debates and comments about the industry by a largely Western audience who acknowledge the ingenuity of the Chinese, their efficiency and some of them even dispute the false claims of subsidies.

grandstar:


You also mention about China's dominance of eletric vehicles.

It's "dominance" in electric vehicles was achieved through excessive government subsidies. There's now a mountain of unsold electric cars from so many Chinese brands who just hopped into the scene because of the subsidies. There are just too many unsold vehicles.

Nevertheless, upon some very indepth study of electric vehicles, some kudos should be handed China. However, wanting to sell to other parts of the world heavily subsidized vehicles or unsellable lots is very questionable and its dumping in trade parlance.

https://www.technologyreview.com/2023/02/21/1068880/how-did-china-dominate-electric-cars-policy/

https://www.reuters.com/breakingviews/china-ev-overcapacity-fix-would-be-crowd-pleaser-2024-01-22/

The subsidies are given to consumers, not carmakers. So, the carmakers jostle for those consumers. The same subsidies were issued to Telsa itself and its buyers. In fact, one of the argument so-called Liberals in the US have against Elon Musk is that he rode on the back of government subsidies to EV dominance in the US. So, how is it different from China? When Tesla became the popular car in Norway, it was largely as a result of the waivers and subsidies the government there gave to consumers who purchase EVs. So, why is China's own different?

Nothing wrong in selling to other countries. Aren't Western firms selling to the Chinese? Isn't China a top two market for Tesla cars? So, why is it wrong for China to sell to the West or elsewhere? When Western firms were and are dumping cheap agricultural products (their farmers are heavily subsidised) on developing countries, did anyone complain? Why is it "do as I say, not as I do" when it comes to China?

https://www.youtube.com/watch?v=QDAa6ZQeEJ4&pp=ygULSXJlbGFuZCBnZHA%3D


https://www.youtube.com/watch?v=fKmem7Epk8E


These videos will educate you a lot more than the world economic forum 😂

And the attached screenshot is a headline of way he mentioned in the video where there was a point where Apple's iPhone sales accounted for a quarter of Ireland's GDP growth and my guy is claiming Ireland is super rich 😂 😂 😂

Indigbo:



my wife works for a biotech company called Horizon which was headquartered in Ireland for tax purposes but operates pretty much out of Deerfield in Illinois. yen yen yen yen. Your wife na member of global economic? Or she work for European economic forum?

Forget story. Ireland is a super rich country.