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And of course the only options ever presented in stories like these are more regulation and stricter enforcement. How about lowering tax rates to compete with

• kierank 17y ago
  Just take a look at Ireland's current fiscal and overall economic position.
  • handelaar 17y ago
    And imagine how much worse it would be if Google (and Facebook, and others) weren't paying 12% Corporation Tax to the Irish Treasury.
    • drewbie 17y ago
      If you thought people were complaining about the December budget... wait till the corporations start pulling up stakes wholesale! The funny thing is Ireland has very good social welfare benefits - enough that fraud is a serious issue. A coworker told me a recent (non-gov't) investigation suggested it could be as much as 2 billion EUR per year. That's my euros the fraudsters are taking but the government can't be bothered to battle fraud more effectively! sigh
  • drewbie 17y ago
    In the December 2009 budget announcement the low corporate tax rate was specifically mentioned as a competitive advantage and would not be touched any time soon. Much to the chagrin of some law makers. IIRC Ireland has the lowest (or darn close) corporate tax rate in Europe so why wouldn't companies have their HQ here? It's simply taking the best actions for their shareholders.