Tuesday 30 November 2010
Financial Terrorism: The Irish Budget 2011
Tonight with Vincent Browne: Irish company's and investors at home and abroad have €1.2 trillion in assetts and cash invested in Ireland and abroad. One of the companies is Google whose company is based in Galway for tax reason's (12.5% Corporation Tax). Google made profits of €3.6 billion in 2008 and paid €18 million tax. Source: The Government of Ireland Central Statistics Office, Dublin. Meanwhile Dermott Ahern TD, Minister for Justice has announced his resignation from politics. He will receive €128k a year as a pension for his job as TD and €150k per year for a pension for his job as a Minister. Before he retires he will join with the rest of his Ministers on 7th December in introducing a budget which will reduce the minimum wage by 12% or €1. He will then bring those on the minimum wage into the tax net for the first time.
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