tag:blogger.com,1999:blog-19109033.post2420956481048067909..comments2024-03-24T08:26:00.732+00:00Comments on photopol: Schrödinger's ProfitsPólóhttp://www.blogger.com/profile/08661092894104384856noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19109033.post-62422872829556486242013-05-23T21:28:52.773+01:002013-05-23T21:28:52.773+01:00@Brian
Thanks for that piece by Michael Hennigan....@Brian<br /><br />Thanks for that <a href="http://www.finfacts.ie/irishfinancenews/article_1026027.shtml" rel="nofollow">piece</a> by Michael Hennigan. Scare the shit out of you.<br /><br />Is it possible that Government are not up to speed on this stuff? That would be really frightening.<br /><br />As to sovereignty, my point was not about complete independence but that because our "sovereignty" was recognised by others, we could use it to confer competitive advantages on multinationals, which is clearly what we have been blatantly doing for years.<br /><br />At EU Finance Ministers' lunches over many long years, the Irish Minister was often placed between the Germans and the French, so that these Ministers could scream at him about this very issue. So neither it, nor their anger, is new. But patience now seems to be running out all round and to the extent the USA rejig the system at their end, we will be in trouble. The present situation also clearly affects EU MS willingless to help with our banking/public finances crises beyond whatever might be needed to protect the Euro. And this for how long?<br /><br />@Viv<br /><br />Thanks for that elucidation.Pólóhttps://www.blogger.com/profile/08661092894104384856noreply@blogger.comtag:blogger.com,1999:blog-19109033.post-88179542135947351112013-05-23T20:50:00.131+01:002013-05-23T20:50:00.131+01:00Profits on intellectual property can be considerab...Profits on intellectual property can be considerable. Take the iPhone as an example. It contains perhaps 60 dollars worth of materials. The real value - the intellectual property - consists of the way in which the individual components are developed, optimised and combined to execute the range of functions that the phone is capable of.<br /><br />However, those components, or many of them, can be adapted and optimised to become part of other products. For example, touch-screen technology is used in phones and many other products such as the iPad and laptop computers.<br /><br />This means that the value of the intellectual property incorporated in each individual mass-produced product is vanishingly small. Yet these products sell for several multiples of the value of the materials they are made from. This is one way how profit on intellectual property is created. Another way is the sale of intellectual property to other companies.<br /><br />How to tax intellectual property? Not easy, but one way might be to tax it in the country in which the products incorporating it are manufactured. Or, in the case of sale of intellectual property, to tax it in the country where the sale contract is signed.Vivnoreply@blogger.comtag:blogger.com,1999:blog-19109033.post-8023403114237061762013-05-23T20:42:49.735+01:002013-05-23T20:42:49.735+01:00I think that Michael Hennigan of Finfacts makes se...I think that Michael Hennigan of Finfacts makes sense on this topic (as on others): see http://www.finfacts.ie/irishfinancenews/article_1026027.shtml<br /><br />On "prostituting its sovereignty", I fear that the concept is, as it has always been, a pipe-dream. No man is an island and nor is any state.<br /><br />bjgAnonymousnoreply@blogger.com