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You have to be careful with GDP because for some countries that money goes offshore. Ireland is a tax haven for corporations. Google sells their IP to Google
by refurb 3y ago
You have to be careful with GDP because for some countries that money goes offshore.
Ireland is a tax haven for corporations. Google sells their IP to Google Ireland, then charges for it across a swath of markets. Then the money flows back to Ireland as GDP.
But it doesn’t stay there, it flows back to Google USA.