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If the U.S. wants to make itself uncompetitive with high corporate tax rates, that is America's problem. "Ireland's headline 12.5% corporate tax rate — much lo
by Bostonian 6y ago
If the U.S. wants to make itself uncompetitive with high corporate tax rates, that is America's problem.
"Ireland's headline 12.5% corporate tax rate — much lower than most industrialized nations — has been key to attracting many multinationals to the country."
- nabla9 6y agoCan you guess what the _global_ in the name means? I mean it's not called federal global minimum corporate tax rate.
- turbinerneiter 6y agoCongrats, they got more of the pie while reducing its total size. And getting my tax money on top of it via EU programs.
- secfirstmd 6y agoIreland has been a net contributor to the EU budget for many years. Plus it bailed out many EU bondholders when it didn't need to.
- turbinerneiter 6y agoIt was itself bailed out to the tune of 44b, so they still owe me a couple of bailouts, given that no one ever bailed me out. The whole EU is full of chery pickers and the fact that we have tax havens within it is disgusting.
- andrepd 6y agoThat's not how bailouts work. They were loaned money.
- secfirstmd 6y agoYeh and it's made most of it back with interest
- foepys 6y agoAfter financial markets collapsed in 2008, Ireland was in quite bad shape and requested a 67 billion Euro bailout from the EU. The EU granted it under the condition that Ireland gets their finances in order and imposes austerity measures on its citizens. https://en.m.wikipedia.org/wiki/Post-2008_Irish_banking_crisis https://en.m.wikipedia.org/wiki/Post-2008_Irish_banking_cris...
- chpmrc 6y agoNo idea why you're getting downvoted. This makes perfect sense. Especially for up and coming economies, they almost need to resort to these schemes. Anything "global" that doesn't take into account details of specific realities is usually a bad idea.
- foobarbecue 6y agoLet this be a lesson to click the link before going on a screed
- knodi 6y agothis is a battle to the bottom. Whats to stop India from offering 6.25% corporate tax rate, what will Ireland do next go to 3% tax rate to? only losers with this kind of thinking is the individuals that end up paying more taxes than the multinationals.
- missedthecue 6y agoYes that's the entire point. Competition is good.