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> Every major tech company is therefore in Ireland because the country is small enough to essentially steamroll local politicians with lobby money No, it's bec
by fidotron 2y ago
> Every major tech company is therefore in Ireland because the country is small enough to essentially steamroll local politicians with lobby money
No, it's because Ireland had a very low corporation tax with the strategy of becoming the preferred HQ for foreign companies in the EU.
https://en.wikipedia.org/wiki/Corporation_tax_in_the_Republic_of_Ireland https://en.wikipedia.org/wiki/Corporation_tax_in_the_Republi...
"By 2018, Ireland had received the most U.S. § Corporate tax inversions in history, and Apple was over one–fifth of Irish GDP. Academics rank Ireland as the largest tax haven; larger than the Caribbean tax haven system."