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Post by Tinculin on Nov 27, 2023 7:47:14 GMT
The average person in Ireland does not earn even close to that kind of money.
Its due to multinational firms accounting for their intellectual property, assets and profits.
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Post by johnofgwent on Nov 27, 2023 9:52:32 GMT
It's effectively a tax haven because it has very low corporation tax and a lot of businesses have their notional HQ in Ireland in order to cut tax. They're not averse to tax dodges either - like the Double Irish. Basically Ireland went bust a few decades ago with a property crash and they decided to go for growth. The EU don't like it of course. This is what we should be doing (up to a point). Ireland has a CT rate of 12.5%. Truss wanted the UK to go to 15% but the EU didn't like this and got her removed. Indeed In 1999 Blair decided to destroy the SME IT Sector after a chat with EDS and Mahindra who complained little guys were cost effective and fucked the big corporations from making profits so they could bribe politicians Within weeks of his rollout of the legislation designed to do this, every IT related company on companies house got a letter inviting them to open a business in a bricks and mortar site in the republic, and enjoy a mere 10% CT and all the dividend income you wanted Within months, software update CD’s that used to come from IBM in Greenock and Oracle and Microsoft in Reading arrived from addresses in County Cork. The boom hit the irish housing sector HARD |
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Post by vlk on Nov 27, 2023 22:25:41 GMT
The population of Ireland has risen so fast that the infrastructure hasn't been able to keep up. The population was in the mid 90's only 3.5m and now it is over 5m.
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