[samlevine]

To the best of my knowledge the corporate tax in question is a tax on income, rather than revenue.

Any would-be competitor to Google is going to want to plow most/all of their revenue back into growth for years, perhaps over a decade. VC funded companies normally lose money so they can grow faster.

Once you're making money, yeah that's kind of a big sucking hole you want to deal with. But that's a political issue that other EU members states have with Ireland (and Luxembourg, and the Netherlands).