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by fidotron
406 days ago
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> Every major tech company is therefore in Ireland because the country is small enough to essentially steamroll local politicians with lobby money No, it's because Ireland had a very low corporation tax with the strategy of becoming the preferred HQ for foreign companies in the EU. https://en.wikipedia.org/wiki/Corporation_tax_in_the_Republi... "By 2018, Ireland had received the most U.S. § Corporate tax inversions in history, and Apple was over one–fifth of Irish GDP. Academics rank Ireland as the largest tax haven; larger than the Caribbean tax haven system." |
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