It's not misappropriation. Other countries within the EU could be much more business incorporation and FDI friendly, and IDA Ireland tends to be one of the more competent trade promotion agencies within the EU.
Why should Ireland undermine 13% of it's GDP [0]?
Edit: can't reply
> Telling American multinationals you will have them pay 0 tax isn't exactly a "tax policy" as such
Ireland's corporate tax rate is 12.5% but drops to 6.25% if it's qualified R&D and IP income with an added 35% R&D tax credit.
It's attractive, but CEE states like Poland and Czechia can (and often do) match that.
The biggest attraction for Ireland is the fact that everyone speaks English in Ireland, and Irish tax and corporate legal firms have worked with American firms since the 1990s, which reduces the headache.
> Or to 0.005% if you're Apple
Which ended in 2014, yet Ireland still remains attractive for tech FDI.
At the end of the day, Ireland executed much better than it's developmental peers in the 1990s (Spain, Czechia, Russia, Ukraine, Cyprus, Greece, Argentine, and Libya in 1991 based on HDI) simply because it was much more business friendly.
alt Hacker News
It's not misappropriation. Other countries within the EU could be much more business incorporation and FDI friendly, and IDA Ireland tends to be one of the more competent trade promotion agencies within the EU.
Why should Ireland undermine 13% of it's GDP [0]?
Edit: can't reply
> Telling American multinationals you will have them pay 0 tax isn't exactly a "tax policy" as such
Ireland's corporate tax rate is 12.5% but drops to 6.25% if it's qualified R&D and IP income with an added 35% R&D tax credit.
It's attractive, but CEE states like Poland and Czechia can (and often do) match that.
The biggest attraction for Ireland is the fact that everyone speaks English in Ireland, and Irish tax and corporate legal firms have worked with American firms since the 1990s, which reduces the headache.
> Or to 0.005% if you're Apple
Which ended in 2014, yet Ireland still remains attractive for tech FDI.
At the end of the day, Ireland executed much better than it's developmental peers in the 1990s (Spain, Czechia, Russia, Ukraine, Cyprus, Greece, Argentine, and Libya in 1991 based on HDI) simply because it was much more business friendly.
[0] - https://www.trade.gov/country-commercial-guides/ireland-digi...