That’s very true, Ronan. I have heard anecdotally that high-tech companies canvass their staff on where they should locate their operations. Ireland has been successful in attracting the likes of Google and facebook because the staff saw that we had relatively low taxes on wages and would therefore be an attractive location in which they could work. Our own Havok also warned that if we continued to raise labour taxes(like the health and income levies) then they would stop basing operations here and do so through their San Francisco office.
This further highlights the limits of increased taxation in terms of solving both our fiscal and economic crises. We risk further harm to our economy if we raise taxes any further.
Cathal ,
That’s very true, Ronan. I have heard anecdotally that high-tech companies canvass their staff on where they should locate their operations. Ireland has been successful in attracting the likes of Google and facebook because the staff saw that we had relatively low taxes on wages and would therefore be an attractive location in which they could work. Our own Havok also warned that if we continued to raise labour taxes(like the health and income levies) then they would stop basing operations here and do so through their San Francisco office.
This further highlights the limits of increased taxation in terms of solving both our fiscal and economic crises. We risk further harm to our economy if we raise taxes any further.