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I am not defending your splendid low corporation tax.

And measured in gdp pro head, Ireland is still number two in the EU behind Luxemburg.

Now you could argue that gdp per head is meaningless. But that just shows how hollow this whole "lure multinationals with low taxes and lax regulation" to Ireland strategy was. It did produce high gdp numbers, but did it produce national wealth?

In the end, Ireland is richer then e. g. Slovakia or Estonia or Portugal, surely in the top quarter of the EU.

by IM on Sun Feb 13th, 2011 at 05:56:05 PM EST
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Top half, I guess, but well behind the core still in wealth: infrastructure and so on.

I'm not defending the corporation tax rate - or any other Irish tax policy - either: the whole thing is part of the dumbass lack of an industrial policy, including a proper redistribuion policy, in the EU. However, given an EU that's being run in terms of national self-interest and beggar-your-neighbour economics, the Irish corporate tax rate pretty rational.

by Colman (colman at eurotrib.com) on Mon Feb 14th, 2011 at 07:23:15 AM EST
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