4 ms·
The tax loopholes were closed years ago. All this will do is allow the Irish to cash in on their position without any blowback from the multinationals. Whom hav
by nope876543 3y ago
The tax loopholes were closed years ago. All this will do is allow the Irish to cash in on their position without any blowback from the multinationals. Whom have already set up their operations in the country and basixally fund the countries new sovereign wealth fund.
I doubt Ireland has anything to worry about for decades. Since Brexit they are the ONLY highly educated and native english speaking country in the EU and are eating the UKs business being the link between EU and America. Their young educated youth are running most of the EUs tech companies now and the future of the world is tech.
- illwrks 3y agoNo doubt. I saw a report several months ago and it listed Ireland as a hotbed of tech talent, which makes sense given the investment in Ireland over the last 20 years.
- NoboruWataya 3y agoIreland definitely has advantages other than its tax regime, but on the other hand the cost of living is sky high and infrastructure is poor. This makes it hard to attract and retain talent and will eventually start to weigh heavily on companies' decision to set up there. There doesn't appear to be any hope of a solution in the near term so Ireland is at risk of squandering its position as a global tech hub.