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That's because Ireland has low corporation tax (12.5%) so multinational companies export their profits there and artificially inflate the GDP.
by donalm 16y ago
That's because Ireland has low corporation tax (12.5%) so multinational companies export their profits there and artificially inflate the GDP.
- vdm 16y agoAgreed; isn't this why this discussion should use GNP? Or would that miss some other relevant detail?
- salemh 16y agoThat may change however: http://www.belfasttelegraph.co.uk/news/local-national/republic-of-ireland/meps-demand-single-corporate-tax-15012686.html http://www.belfasttelegraph.co.uk/news/local-national/republ... "Ireland's low corporate tax level of 12.5% should be doubled to 25% as part of a common rate across Europe, a cross-party group of MEPs have said."