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No, Ireland is not swimming in money. All they did is they artificially raised their GDP per capita to ridiculous number of $120k, but the tax rate on all that
by Detrytus 3y ago
No, Ireland is not swimming in money. All they did is they artificially raised their GDP per capita to ridiculous number of $120k, but the tax rate on all that revenue is like 0.001%, so average Irishman is no better off from it.
- DoughnutHole 3y agoNo, the government is absolutely swimming in money separate from GDP shenanigans. We have an unprecedented budget surplus. This is a direct result of the OECD forcing us to raise our corporate tax to a higher minimum. Big tech stayed put so we’ve seen a massive boon to the public purse.
- extraduder_ire 3y agoEventually, you get used to the country being a statistical outlier and make your peace with charts using GDP per capita instead of GNI*, and news articles about something that's not really been news for the past couple of years. We also have the most leased planes of any country, make a plurality of all contact lenses, and produce all the botox branded botox. (we also made all the viagra-branded sildenafil until those factories were needed for other things in ~2021)