Ireland’s low corporate tax rate.
For years now Ireland has attracted large corporations to its shores by having, at 12.5% the lowest tax rate in the developed world. This cynical ploy has enabled Ireland to steal tax revenues from more responsible nations and to massage its economy so it looks richer than it actually is. It’s really a legalised form of money laundering.
The good new is that now it looks as if it’s coming to an end. President Biden, that true born son of Ireland, God’s own phoney Irishman, is pushing for a global minimum corporate tax rate of 21 per cent. That won’t matter much to France (28 per cent), or Germany (30 per cent) or the UK (19 per cent). But it will destroy Ireland’s economic model.
On top of Irish Joe’s initiative there is also pressure from the EU. The EU has Ireland’s low corporate tax in its sights. The EU is now saying that if Ireland’s wants a share of the EU Coronavirus rescue fund it will first have to raise its corporate tax rate and, in effect, destroy the competitiveness of its own economy.
The Irish are trying to resist by arguing that as a small nation it should be allowed to have a low corporate tax model to offset the advantages enjoyed by larger economies. But Ireland is a member of the World’s largest single market, something they were always crowing about during Brexit, so this makes no sense.
The Irish are trapped. The only way they can keep their precious, thieving corporate tax rate is by leaving the EU and, like the UK, become a sovereign nation again. Shakespeare had a phrase for the current Irish predicament- they are “hoist by their own petard”.
Ireland’s low corporate tax rate is a cunt. As for the Irish, well Father Ted said it well when he was trying to show he was not racist against the Chinese –
‘The Irish……a great bunch of cunts”.
https://news.sky.com/story/why-ireland-will-be-among-those-most-wary-of-americas-global-corporation-tax-idea-12268525
Nominated by: Marvellous Mechanical Cunting Macchine
