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Ireland's prosperity is built on a house of cards to do with low corporation taxes. I wouldn't be surprised if Ireland faces serious economic challenges and may
by TapWaterBandit 4y ago
Ireland's prosperity is built on a house of cards to do with low corporation taxes. I wouldn't be surprised if Ireland faces serious economic challenges and maybe even decline in coming years as governments are getting increasingly serious about not allowing corporations to only register profits in overseas jurisdictions with low tax rates.
- asdadsdad 4y agoYeah, agree. Also the EU cracking down on tax tricks like that.
- monero-xmr 4y agoWhy is low corporate taxes a bad thing? I want countries to compete on efficient government and low taxes. Otherwise it’s an endless cycle of stealing from private enterprise until there is nothing left.
- gerbler 4y agoIt was the initial incentive, but it's the only English speaking country in the eurozone (aside from Malta) and there's a huge number of companies who have massive capital investments (pharma/biomedical). Now there's a very active tech scene, it's tightly linked to the US so it actually feels quite sustainable.
- TapWaterBandit 4y agoMaybe. I suspect playing tax haven for the largest corporations in the world plays a much bigger role in the generalised prosperity than anything else but I suppose we'll see.