Just a query about how much Tax is actually collected from companies like Tesco who’s CEO is registered to pay tax in the Republic?
JohnDempsy on
Of course he pays tax, he pays 120 euro a year to tax his EV here.
WatfordHert on
Well it really wouldn’t make sense for an individual to report their salary through the Irish tax system instead of the UK one for the purpose of paying less tax.
We have a less favourable tax system for the rich than the UK for both salary and stocks (capital gains).
This doesn’t relate to corporation tax which everyone knows we have a much lower rate of.
They’re talking about the CEO as an individual, I’m pretty sure he lives in Ireland because he’s Irish, not to avoid tax 🤣.
Rabid_Lederhosen on
If he lives here, yeah. Ireland and the UK have tax treaties, so he’ll be taxed in whichever country he spends more time in.
SeaweedBasic290 on
Tesco were proven years ago to use Ireland for profit with higher prices to off-set the UK cheap prices.
wyrd0ne on
If you pay tax here but are non resident for a certain amount of the year (9 months I think) you don’t have to pay tax in Ireland. So imagine it’s related to that. A friend works on boats, so he is always having to manage his days.
Difficult-Set-3151 on
He pays more tax here than he would pay in the UK
Grand-Cup-A-Tea on
Ken Murphy is Irish, from Cork and probably lives 183 days a year here hence why he pays Irish tax. There’s no way he is choosing to pay his tax in Ireland over the UK – the rates are more favourable over there.
Toffeeman_1878 on
There is a lot of fume on the r/Tesco sub about Ken. I wonder if the anger merchants have considered all of the highly salaried “foreigners” who pay tax to the UK government because they are tax resident in the UK? By the nature of the argument these non-Brits should be allowed to pay tax in their home countries, thereby depriving the British government of tax revenue. If it’s good for the goose…
Intelligent-Aside214 on
He’s registered to pay tax in Ireland because he is Irish and lives here.
You don’t pay tax in the country where your company is from
Embarrassed-Fault973 on
He’s from Cork and works out of Ireland. Assuming he’s tax resident here, he’s likely paying as much if not more income tax than he would in the U.K. – Ireland is not a low income tax country – not by a long shot!
Tesco are a multinational with operations in several countries.
The articles I’ve seen on this are largely making a totally false assumption that Ireland is somehow a good place to pay base yourself to pay low or no income tax.
It’s definitely cheap if you’re a multinational corporation with a major HQ here etc and paying 15% corporation tax, but for individuals Ireland is fairly high tax with very few income shelters compared to the U.K.
If you were a high earner you’d usually be better off paying tax in Britain than here.
Reddynever on
Such a bullshit post the OP is quoting all the same.
crescendodiminuendo on
If he’s Irish tax resident and domiciled he pays tax on his worldwide income in Ireland.
If he is paid a salary from a UK company he will pay UK tax. He is required to declare this on his Irish tax return and will get a credit for this against his Irish tax liability under the double tax treaty with the UK.
ClockworkAppl on
This is why shoplifting from supermarkets is justified.
svmk1987 on
He’s a fully employed person in Ireland. Why wouldn’t Ireland collect his tax?
15 commenti
Just a query about how much Tax is actually collected from companies like Tesco who’s CEO is registered to pay tax in the Republic?
Of course he pays tax, he pays 120 euro a year to tax his EV here.
Well it really wouldn’t make sense for an individual to report their salary through the Irish tax system instead of the UK one for the purpose of paying less tax.
We have a less favourable tax system for the rich than the UK for both salary and stocks (capital gains).
This doesn’t relate to corporation tax which everyone knows we have a much lower rate of.
They’re talking about the CEO as an individual, I’m pretty sure he lives in Ireland because he’s Irish, not to avoid tax 🤣.
If he lives here, yeah. Ireland and the UK have tax treaties, so he’ll be taxed in whichever country he spends more time in.
Tesco were proven years ago to use Ireland for profit with higher prices to off-set the UK cheap prices.
If you pay tax here but are non resident for a certain amount of the year (9 months I think) you don’t have to pay tax in Ireland. So imagine it’s related to that. A friend works on boats, so he is always having to manage his days.
He pays more tax here than he would pay in the UK
Ken Murphy is Irish, from Cork and probably lives 183 days a year here hence why he pays Irish tax. There’s no way he is choosing to pay his tax in Ireland over the UK – the rates are more favourable over there.
There is a lot of fume on the r/Tesco sub about Ken. I wonder if the anger merchants have considered all of the highly salaried “foreigners” who pay tax to the UK government because they are tax resident in the UK? By the nature of the argument these non-Brits should be allowed to pay tax in their home countries, thereby depriving the British government of tax revenue. If it’s good for the goose…
He’s registered to pay tax in Ireland because he is Irish and lives here.
You don’t pay tax in the country where your company is from
He’s from Cork and works out of Ireland. Assuming he’s tax resident here, he’s likely paying as much if not more income tax than he would in the U.K. – Ireland is not a low income tax country – not by a long shot!
Tesco are a multinational with operations in several countries.
The articles I’ve seen on this are largely making a totally false assumption that Ireland is somehow a good place to pay base yourself to pay low or no income tax.
It’s definitely cheap if you’re a multinational corporation with a major HQ here etc and paying 15% corporation tax, but for individuals Ireland is fairly high tax with very few income shelters compared to the U.K.
If you were a high earner you’d usually be better off paying tax in Britain than here.
Such a bullshit post the OP is quoting all the same.
If he’s Irish tax resident and domiciled he pays tax on his worldwide income in Ireland.
If he is paid a salary from a UK company he will pay UK tax. He is required to declare this on his Irish tax return and will get a credit for this against his Irish tax liability under the double tax treaty with the UK.
This is why shoplifting from supermarkets is justified.
He’s a fully employed person in Ireland. Why wouldn’t Ireland collect his tax?