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home council election of chairperson culture, arts & leisure committee corporate and regulatory services committee annual general meeting economic development strategic location strabane 2000 background to the gas to the west campaign general information strabane district map how to get here is a 26% jump in gdp good for ireland? when eire’s central statistics office (cso) published that, in 2015, that the country’s gdp had risen by 26%, over €50 billion, exports jumped by €75 billion, imports increased by €40 billion and productive assets rose from €700 billion to €1000 billion, some may have been inclined to see this as an excuse to throw a party, a measure of the supreme success of the economic and political minds of contemporary ireland and sure fire guarantee of their financial security for the next decade. but for many it was nothing more than a mirage that could be laid at the door of a few usual suspects. the central statistics office has strict privacy rules that prevent it from revealing certain data that could have been a factor in the sudden spike in gdp figures but the irish government has been very tax friendly to giant multinationals and a number of the said (formerly) foreign agents, mainly pharmaceuticals and technology companies. they have set up headquarters in the country bringing billions in assets with them. along with their billions they have brought some ruthless, if not downright shady business and accounting practices. the cso gives only clues, being very protective about disclosing information relating to them, but the gigantic nature of the annual change in figures leave a very short list to choose from. the fact that these changes did not show up in the monthly figures is another surefire indicator that the boost to gdp was a result of the actions of multinationals. even the imf was moved to comment that growth statistics were probably due to the activities of global companies, suggesting that 5% growth – reported by forex brokers , would be flattering real rate and 26% an absurdity. there are four key business practices that have been influential here: contract manufacturing, tax inversions, relocating intellectual property and aircraft leasing. contract manufacturing this is where production of a good or component is outsourced overseas on the behalf of the company in ireland. this sourcing across multiple jurisdictions complicated national accounting but is a feature of modern globalization. in fact the cos has known that the gdp figures of ireland have been artificially inflated for a number of years, alerted to the situation by a government advisory council in 2014 that contract manufacturing was an increasingly powerful influence. in the past finished goods were often transported to ireland to be packaged, thus appearing as imports on the national accounts, but today not even that is happening and these goods do not come to ireland at all, appearing only as exports. tax inversion this is where a firm, typically from the us, buys out another firm from abroad, ireland in this case, and then relocates to the country in which the acquired firm is located. the us firm would usually be the bigger firm but the deal is dressed up to seem like the us firm has been acquired by the foreign firm, hence the inversion. the us firm then moves its domicile abroad to ireland but keeps its operations in the us. the lower tax rate in ireland is the motivating factor here. this practice led to a clampdown by the us treasury earlier this year, scuppering the pfizer-allergan deal, keeping their headquarters in new york (instead of dublin). relocating intellectual property relocating intellectual property (ip) to a tax haven, while perfectly legal, led to controversy in the press. it is a practice whereby ip assets are transferred from one jurisdiction to another lower tax jurisdiction. the intention is to maximize profits from ip in low tax countries and minimize profits in high tax countries. apple have, it is surmised, done exactly this moving it’s extremely valuable ip to its headquarters in cork for sales outside the us economy. the actual value to the economy of this is perhaps minimal but it could have had a profound influence on the 2015 metrics. aircraft leasing ireland is a world center of aircraft leasing, with 4000 commercial aircraft leased worth over €100 bn in revenue. last year aercap took over rival international lease finance corporation in a deal worth €39 billion, probably contributing to the irish gdp bubble. aircraft leasing only began to be taken account of last year and it seems to have had a seriously distorting effect already. there are moves afoot to count purchases of aircraft overseas as imports, though whether that will clarify things or only muddy the water further remains to be seen. so, what can we take away from all this? one: the growth in gdp was a result largely of physical goods not manufactured in ireland. two: the entities responsible are very large multinationals. there is no doubt that courting these multinationals has been a matter of government policy, but will this do the irish any good in the long run or lead to any sight of general prosperity? or is it a relocation bubble? the statistical anomaly makes it difficult to take anything away from last years figures to make plans for the future, at least unless you are privy to the full picture. it’s hard to know if the economy is overheating or stagnant. the public will be expecting public money to be spent and taxes to be cut, but we have been here before in ireland in 2008. it didn’t end well then and it could be the same situation now. the international view of these developments is also a concern. the imf has already been mentioned but what about the eu, how will they view the tax breaks given to mostly us companies? moody’s rating agency recommended the irish government keep more reserves in case of a sudden downturn amid fears of volatility. it should not be forgotten that these companies relocated to ireland primarily for tax breaks. if something changes in that equation they can just as easily move away again. loading stock data... country risk effect on company valuation news annual general meeting background to the gas to the west campaign corporate and regulatory services committee culture, arts & leisure committee election of chairperson how to get here ireland’s economy is a 26% jump in gdp good for ireland? strabane 2000 strabane district map strategic location live currency cross rates irishexaminer.com shares in manchester united reach record high despite brighton defeat 22nd august 2018 united continue to be strong off the pitch despite their latest loss on it. port of cork company and bantry bay see rise in turnover 22nd august 2018 the port of cork company and bantry bay port company have announced a rise in their combined turnover for 2017 when compared to 2016. survey shows the level of boredom at work 22nd august 2018 the research also found that 45% of respondents see a stigma attached to flexible working hours. video game experiences could be the future of marketing, say experts 22nd august 2018 gaming experts suggest the blurring of the line between reality and the virtual world could lead to games being a key way to sell products. stolen eir laptop decrypted by faulty update; 37,000 customers affected by data breach 22nd august 2018 around 37,000 eir customers have been hit by a security breach after a staff laptop was stolen. © 2018 copyright strabane dc | terms & conditions | contacts | download

URL analysis for strabanedc.org.uk

http://www.strabanedc.org.uk/terms-conditions/
http://www.strabanedc.org.uk/download/
http://www.strabanedc.org.uk/strabane-district-map/
http://www.strabanedc.org.uk/strabane-2000/
http://www.strabanedc.org.uk/irelands-economy/
http://www.strabanedc.org.uk/corporate-and-regulatory-services-committee/
http://www.strabanedc.org.uk/election-of-chairperson/
http://www.strabanedc.org.uk/annual-general-meeting/
http://www.strabanedc.org.uk/culture-arts-leisure-committee/
http://www.strabanedc.org.uk/strategic-location/
http://www.strabanedc.org.uk/how-to-get-here/
http://www.strabanedc.org.uk/contacts/
http://www.strabanedc.org.uk/background-to-the-gas-to-the-west-campaign/

Whois Information

Whois is a protocol that is access to registering information. You can reach when the website was registered, when it will be expire, what is contact details of the site with the following informations. In a nutshell, it includes these informations;

Domain name:
strabanedc.org.uk

Registrant:
Metodi Darzev

Registrant type:
Non-UK Individual

Registrant's address:
123 Nishava
Sofia
Sofia
1404
Bulgaria

Data validation:
Nominet was not able to match the registrant's name and/or address against a 3rd party source on 03-May-2017

Registrar:
Internet Domain Services BS Corp t/a Internet.bs [Tag = IDS-BS]
URL: http://internetbs.net

Relevant dates:
Registered on: 11-Mar-2015
Expiry date: 11-Mar-2019
Last updated: 10-Mar-2018

Registration status:
Registered until expiry date.

Name servers:
ns1.strabanedc.org.uk 185.123.34.26
ns2.strabanedc.org.uk 185.123.34.26

WHOIS lookup made at 23:56:26 12-Mar-2018

--
This WHOIS information is provided for free by Nominet UK the central registry
for .uk domain names. This information and the .uk WHOIS are:

Copyright Nominet UK 1996 - 2018.

You may not access the .uk WHOIS or use any data from it except as permitted
by the terms of use available in full at http://www.nominet.uk/whoisterms,
which includes restrictions on: (A) use of the data for advertising, or its
repackaging, recompilation, redistribution or reuse (B) obscuring, removing
or hiding any or all of this notice and (C) exceeding query rate or volume
limits. The data is provided on an 'as-is' basis and may lag behind the
register. Access may be withdrawn or restricted at any time.

  REFERRER http://www.nominet.org.uk

  REGISTRAR Nominet UK

SERVERS

  SERVER uk.whois-servers.net

  ARGS strabanedc.org.uk

  PORT 43

  TYPE domain

OWNER

  ORGANIZATION Metodi Darzev

TYPE
Non-UK Individual

ADDRESS
123 Nishava
Sofia
Sofia
1404
Bulgaria
Data validation:
Nominet was not able to match the registrant's name and/or address against a 3rd party source on 03-May-2017

DOMAIN

  SPONSOR Internet Domain Services BS Corp t/a Internet.bs [Tag = IDS-BS]

  CREATED 2015-03-11

  CHANGED 2018-03-10

STATUS
Registered until expiry date.

NSERVER

  NS1.STRABANEDC.ORG.UK 185.123.34.26

  NS2.STRABANEDC.ORG.UK 185.123.34.26

  NAME strabanedc.org.uk

DISCLAIMER
This WHOIS information is provided for free by Nominet UK the central registry
for .uk domain names. This information and the .uk WHOIS are:
Copyright Nominet UK 1996 - 2018.
You may not access the .uk WHOIS or use any data from it except as permitted
by the terms of use available in full at http://www.nominet.uk/whoisterms,
which includes restrictions on: (A) use of the data for advertising, or its
repackaging, recompilation, redistribution or reuse (B) obscuring, removing
or hiding any or all of this notice and (C) exceeding query rate or volume
limits. The data is provided on an 'as-is' basis and may lag behind the
register. Access may be withdrawn or restricted at any time.

  REGISTERED yes

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