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> without conferring any discernible benefit to the Irish economy. Mildly put ... Some people might say it contributed to the problems the Irish economy has at
by lazyjones 14y ago
> without conferring any discernible benefit to the Irish economy.
Mildly put ... Some people might say it contributed to the problems the Irish economy has at the moment and also to those of the rest of the EU, which has to compete with the low taxation and loopholes the Irish tax code offers.
- eru 14y agoAt least they are sticking to the rules, even with loopholes and a low tax rate, in Ireland. Greece has much bigger problems.
- lazyjones 14y agoGreece has both loopholes (for ship owners / shipping companies, think Onassis) and corrupt tax collectors, but their biggest [OT] problem is the corrupt government that managed to greatly increase the interest on the country's dept so the banks could earn more - on purpose, I'm sure (good reading: famous composer and author Theodorakis about this => http://theodorakisfriends.com/news/the-truth-about-greece/ http://theodorakisfriends.com/news/the-truth-about-greece/).
- gadders 14y agoPlus all the ridiculous feather-bedding of benefits to government and other employees that were clearly unaffordable.