Lots of Irish companies registered in The Channel Islands, Isle of Man etc. for tax reasons.
Optimus Grime
So what was a state company is now dodging paying tax to the state! Some days this country just keeps on amazing me! Bring back Telecom Eireann I say!
Owen C
Think its probably in Jersey for accounting disclosure reasons, rather than tax reasons. Basically, they wont have to publish that much information on revenues/profits etc, though they would still be liable for tax given their business is conducted here and they have a registered branch here.
Jimmee
Correct.
Some people and a little learning…
Optimus Grime
I have no time for learning! I just want to spend my time being outraged at everything!
Padi
Not entirely for accounting or privacy reasons, stamp duty savings and now also, to a certain extent, with the new tax residence rules, not incorporating in Ireland gives you more flexibility for the future.
Mark
Eircom was sold years ago. No longer a state company.
Vote Rep #1
Eircom has been bought, stripped and sold many times. Its been a long time since it was a semi state company.
Murtles
There was no of this Mickey Mousing and Donald Ducking when it was the old Post and Telegraphs Service. No siree.
Remember when Mary Harney told everyone we should all buy stocks and get into doing a bit of stock exchange trading… you know, when she was trying to convince everyone to buy eircom shares… yeah?
A lot of people still think it’s Telecom Eireann from the old days of state ownership. Same people who go to Mass and watch The Late Late because it’s a sin not to.
scottser
that reminds me, i must get a newer irish jersey
Quint
American hedge funds keep it going. No big surprise. Who cares?
Rich
Certainly not a state body for a long time and from reading online they transferred their balance sheet to a new entity in Jersey in August of last year.
All the same its rather ominous that the main telecoms infrastructure of this country is part of a pool of assets now registered in Jersey.
Still more relevant than a post about some poorly parked car in an apartment block in Sandyford if you ask me……
Saul
It’s eiR? I might have been asleep for the launch on the new brand, but looking at the logo I thought it was just ei.
Lots of Irish companies registered in The Channel Islands, Isle of Man etc. for tax reasons.
So what was a state company is now dodging paying tax to the state! Some days this country just keeps on amazing me! Bring back Telecom Eireann I say!
Think its probably in Jersey for accounting disclosure reasons, rather than tax reasons. Basically, they wont have to publish that much information on revenues/profits etc, though they would still be liable for tax given their business is conducted here and they have a registered branch here.
Correct.
Some people and a little learning…
I have no time for learning! I just want to spend my time being outraged at everything!
Not entirely for accounting or privacy reasons, stamp duty savings and now also, to a certain extent, with the new tax residence rules, not incorporating in Ireland gives you more flexibility for the future.
Eircom was sold years ago. No longer a state company.
Eircom has been bought, stripped and sold many times. Its been a long time since it was a semi state company.
There was no of this Mickey Mousing and Donald Ducking when it was the old Post and Telegraphs Service. No siree.
Remember when Mary Harney told everyone we should all buy stocks and get into doing a bit of stock exchange trading… you know, when she was trying to convince everyone to buy eircom shares… yeah?
No?
Oh, OK then.
http://www.irishexaminer.com/business/eircom-plans-transfer-to-jersey-entity-278797.html
Eircom is not an Irish company.
A lot of people still think it’s Telecom Eireann from the old days of state ownership. Same people who go to Mass and watch The Late Late because it’s a sin not to.
that reminds me, i must get a newer irish jersey
American hedge funds keep it going. No big surprise. Who cares?
Certainly not a state body for a long time and from reading online they transferred their balance sheet to a new entity in Jersey in August of last year.
All the same its rather ominous that the main telecoms infrastructure of this country is part of a pool of assets now registered in Jersey.
Still more relevant than a post about some poorly parked car in an apartment block in Sandyford if you ask me……
It’s eiR? I might have been asleep for the launch on the new brand, but looking at the logo I thought it was just ei.