‘60 Minutes’ investigates why 100,000 American jobs went to Ireland - VIDEO

The bottom line is this - 12.5% vs. 35% tax rate...do the math. I personally think it's fantastic that so many companies are choosing to locate in Ireland. Here in Canada we have a wonderful Irish finance minister, Jim Flaherty, who can be heard espousing the same line of thought. I hope to see more of a Canadian presence in Ireland over the next months and years.

I just hope they mentioned the 60/70 thousand jobs that irish companies have provided in the united states.. its not all one way traffic. i really feel this type of reporting from cbs is done with a darker agenda.

@jdl2269-- no need to shout.

Johnymac, if you change the words "americans" in your comment to "Irish", I'd swear you are talking about Ireland, it sounds so familiar.

DaveyBoy we do not need your type of mouth to speak on behalf of the irish people.

It's all about the botton line,Taxation. Ireland has the largest amount of College educated young people and is situated geographicaly on the periphery of Europe. The present recession will be as always..."Irelands Loss will be America's gain".

As long as the American companies are creating jobs for the Irish and not black americans and muslim Americans and others to move there fine let the Irish get money they deserve

This is utter nonsense. So now Ireland is the reason Americans have no jobs? Good grief. American greed is the reason Americans have no jobs. Fat-cats taking the food out of the mouths of their own people to fatten their wallets. Companies paid bonuses to the very employees that caused the bust in the first place - and with Taxpayer funds! And no-one did anything! Firing squads, folks. Where did you get YOUR last million bucks, buddy?

They talk about the 100,000 jobs America lost to Ireland, but not the millions of jobs lost to China, taiwan, India, etc. That's to get your eye off the real problem of too much concentrated wealth. Their insatiable greed blinds them from the fact that it is unsustainable to try and live off of speculation.

Unions were the fix for workers who were at the mercy of greedy businessmen who wanted to make their money off the backs of those workers. Then the unions got greedy and began making their own money off the backs of their workers in the form of expensive union dues for "pension funds" that turn out not to have been funded as they should have. It's all about greed, and until someone finds a way to combat that, I don't see an end to the problem.

And how many in China - that bastion of democracy and staunch defender of human rights?

Hey NGrandquis you better get some facts and business acrumen down. 401k because of Union. No the Union's did not come up with that. 401k's are what non-union people worked hard on getting, and it became part of the tax code, unlike Pensions, because hard working non-union people wanted retirement funds saved as pre-tax, a pay yourself first tool. And business used it to help get better hires on total pay packages. Dear NGrandquis it is large part because of the massive cost that unions have caused businesses to move their manufacturing plants out of America, along with the tax rates. Non-union, non-manufacturing jobs have largely stayed in America, union type business has left. Why? Because of the outrageous costs Unions demand. Look at the majority of businesses that needed TARP money? Look at the failed states, look at the health industry, what is the major link? Union jobs.

acmelvi,

I don't think the numbers are equal, but they're not all that far off. There are a load of people in Wisconsin working for Ireland's Kerry foods. CRH has employees all over America, etc.

TomFitz,

Whenever I've called for tech support here I've had to speak to India too. Maybe with the recession some of those jobs will return.

Reply to NGrandquis - "...exposing these corporations for the greedy trators they are! Thank God for the unions in the US..." You have to be kidding me! The greed is in Washington along with the stupidity. The U.S. now has the largest corporate tax rate in the world! What incentive do corporations have to keep business in the U.S. if they are going to be so haeavily taxed? Wake up!! It is time we get back to lowering the corporate tax rate and keep the businesses and jobs here. The time for unions is over, they have corrupted and ruined the entire free market system!

Actually, if 60 minutes really did their homework, Irish companies in America employ nearly the same amount of Americans. Multinational Corporations owe allegiance to no one, and that includes countries...this is old news!