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I am from Ireland and from talking to friends and family most people are pretty happy with it. We give them a pass on taxes and they employ thousands of high en
by jamsiedaly 5y ago
I am from Ireland and from talking to friends and family most people are pretty happy with it. We give them a pass on taxes and they employ thousands of high end engineers here. We then collect large income tax revenues from these workers and subsidise the rest of the country.
- sim_card_map 5y agoPerhaps all countries should adopt 0% corporate tax then, if it's so beneficial.
- octopoc 5y agoThat would probably level the playing field between small companies and big companies, TBH.
- nix23 5y agohttps://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=IE-US https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...
- rrrrrrrrrrrryan 5y agoYou joke, but some types of taxes are objectively worse than others. An ideal tax would have to generate sufficient revenue, be non-distortionary, inexpensive, and fair. We can argue about what's "fair" all day, but "inexpensive" is more objective: some taxes hamper more economic activity than others. A $1 tax on a stock trade will reduce exactly $1 of economic activity. It's so expensive, it's basically pointless. A land value tax, on the other land, is almost free. (And in some cases, negative!) Most taxes fall somewhere between these two extremes, but corporate income taxes are one of the most expensive, which is why economists aren't big fans of them.
- unglaublich 5y agoYes, skim off trillions of potential tax revenues of other countries to earn a billion or two as a single country. Effectively a Prisoner's dilemma on an international scale. Countries like Ireland and the Netherlands are nothing more than tax avoidance puppets of a few big companies. And the sad thing is that their governments think it's good what they do while it's a downwards spiral instead.