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by pfyra 1778 days ago
> I'd say most of the US Big Tech have their European HQ in Dublin.

That's due to tax reasons. US companies extracting value from Europe while avoiding taxes at all costs.

1 comments

Also it is (and was) the only English speaking country in the eurozone.

Tax was a huge factor in drawing some of the big names but the double-Irish (the worst aspect of tax avoidance) had been phased out. Corporate tax is 12.5% which is lower than the majority of EU countries [1] but the existing ecosystem of companies has also helped create an attractive labour pool. If it's purely tax everyone would move to Hungary (9%).

1: https://taxfoundation.org/2021-corporate-tax-rates-in-europe...

A number of European countries have near 100% English literacy and allow for document workflow and accounting in English. I suspect it's mostly the taxes.
>A number of European countries have near 100% English literacy and allow for document workflow and accounting in English.

Like he said, there are places with tax rates below Ireland (eg. Hungary, Bulgaria). Taxes are a significant aspect but it's a combination of things.

Taxes AND rule of law
> A number of European countries have near 100% English literacy and allow for document workflow and accounting in English.

Is there a handy list of such countries?

(I'm genuinely curious.)

The three Scandinavian ones plus Finland, Iceland and possibly the Netherlands. Maybe some others too.

English documentation is customarily recognized throughout the EU.

I totally agree that English can be used entirely for businesses in other euro countries but for a US company it is attractive for employees/families to be in country where English is an official language.
English literacy in Finland is pretty bad.
According to this ranking Finland is on 3rd place for English skills in Europe, only behind Netherlands and Denmark.

https://www.ef.com/wwen/epi/