[matt4077]

While their rates are low, the issue was about additional, individual deals that lead to effective tax rates around .5% (instead of the official 12.5%, I believe).

I think the EU has done a pretty good job to find a balance here: when Ireland joined the EU in the 70s, it was among the poorest countries west of Moscow and north of Morocco. It became one of the largest recipients of net transfers over the next 30 years, but everyone knew that their chances of catching up required some economic competitiveness, and that it would take decades to pull even in terms of "Features" (infrastructure, local market etc)

Low taxes were therefore the only viable path to attract investments. That scenario is explicitly accepted even among those advocating for coordinated taxation.

In the case of Ireland, everything actually worked out extremely well: Speaking something almost resembling the english language, and having the strength of character to make peace with the English, Ireland established world-class universities and a rather remarkable knowledge economy in just one generation.

[asdfasgasdgasdg]

Sure. But are these subsidies still needed? In any case, my proposal was more along the lines of an approach to unilaterally prevent companies from benefiting from off-shoring tax schemes, under the assumption you want to do that. The thing I want holes poked in is the scheme itself, since I'm taking as given that some people want to institute a scheme with this goal.

[atq2119]

> Speaking something almost resembling the english language,

Dude... not cool.