Ireland has been very good to Intel equally as well. It works both ways.

Are they not all waiting for a Yes vote?? Even though it brings us closer to losing corporate tax rate..

I get sick hearing about all the foreign companies and how great they are! Doesn’t anyone see that they’re bleeding us dry! Huge amounts of IDA money( taxpayers money) is handed out in grants to these companies every year, and the huge profits are taken out of the country! All you hear from this Government is FDI this and FDI that! Let’s get up off our backsides and build our own companies! What’s to stop us? We’re supposed to be a highly educated people! So let’s prove it.

Great news indeed. Rodrigo, how many small business have been spawned from the likes of Intel? Anyway hope you are taking your own advice and building your own business and genuinely hope it will be a success for you

Enda favours Eurobonds, which may only happen in the context of ‘deeper fiscal union’ according the Merkel. Fiscal policy is the tax and expenditure policies governments use to manage the economy. Tax harmonisation will be a prerequisite for the introduction of Eurobonds, which makes sense. However, Eurobonds and a 12.5% corporation tax rate are mutually exclusive. The Irish government wants Eurobonds and to retain its corporation tax rate – The Greek government wants bailout funds without austerity. This is called having your cake and eating it, especially in today’s cutthroat financial environment.

Agreed Jerry, so signing up for this treaty, means that we (Ireland) will be forced to sign up for the CCT (consolidated corporate tax) which will mean the large multinationals that are in Ireland will see no specific benefit of being in Ireland. Our corporate tax rate is the key decision point for multi-nationals to come here and stay here. If that is messed with, all hell is going to break loose in this country, as the multi-nationals will opt for countries within europe that have lower wages, as this will be the only differentiator if the consolidated tax rate is adopted in Europe and Ireland.

I agree with you Cal, and it appears the government has a contradictory policy on this issue. A ‘no vote’ will maintain the status quo.

HP cut thousands of jobs worldwide today to prompt “growth”. I always wonder do you guys mean growth in profits or growth in employment. But then of course I realise you always mean the first.

The overall jobs growth in the IT sector is huge. One company cutting back doesn’t reflect the whole industry.

Can you spell BUBBLE David?

Here we go! FG linking this to the referendum. Didn’t take long.

Linking the treaty to the household and water charges didn’t take long from the NO side either.

This is good news – the staff in Intel Ireland know their jobs are safe. There might not be redundancies in HP, but if there is it could take the shape of early retirement packages. Stop being such a pessimist…

@Barry O’Brien: You don’t understand propaganda just before a vote so that makes me a pessimist.

Your failure to understand propaganda makes you the ignorant. How did you check the validity of this information just before you vote in a referendum?

I would rather be a pessimist than in your state.

The Buddhists call it “cosmic balance”. Here we say “sure it all comes out in the wash”.

Very presumptuous of you to say I don’t understand propaganda. I can assure you I do. And if this was a propaganda piece it would have FG/Lab written all over it. Alas, this does not… This is simply Intel following their “tick-tock” method of processor upgrades. After a two generations of CPU redesign and the die size is reduced, a fab needs to be upgraded to manufacture the new dies. The manufacturing plants outside of the USA are located in Ireland and Israel. One worry was that when the Ireland fab is out of date then Intel might build a new plant in another country rather than upgrade the Irish plant. This story is Intel confirming, to our delight, that they are upgrading the Irish plant. I don’t see Bruton crawling around taking credit…

@Barry O’Brien: Over 300,000 emigrants might disagree.

You stupid man.

Another stupid man.

Intel have an empty factory located in China that they’re keeping open in preparedness for any changes in taxation situation here. I have two friends working in Intel who have both been privy to this information. As said, completely unsustainable.

Intel will never put their newest processes in China, the F24 process uses old technology an practically runs itself in its maturity so that’s why these guys think that the current process could go there, Intel like many things about Ireland including our climate and education levels. P1272 is coming to Ireland supposedly as HVM2 which is good news for the confidence in the Irish plant. Also many guys who were once based in Ireland have gone up the ranks and are now very fond of Ireland.