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by adventured
3124 days ago
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For a small nation, it's one of the few outsized competitive advantages they can try to offer (that is, something they can do that can benefit them far beyond the scale of their population). Ireland's corporate tax rate + joining the European single market, resulted in one of the greatest booms in modern economic history. From $40 to $280 billion in GDP in just 17 years. Given the extreme nature of the benefits, a small nation is probably crazy not to do it. |
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