We study the existence of common invariant subspaces for semigroups of idem
potent operators. It is known that in finite dimensions every such semigrou
p is simultaneously triangularizable. The question; of the existence of eve
n one non-trivial invariant subspace is still open in infinite dimensions.
Working with semigroups of idempotent operators in Hilbert/Banach vector sp
ace settings, we exploit the connection between the purely algebraic struct
ure and the operator structure to show that the answer is affirmative in a
number of cases.