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I am aware that supporting global corporate tax reform is an article of faith for ET and progressive people everywhere, and at a moral level I cannot but agree. But it is also more than a bit naive to believe that any tax reform proposed by the Biden administration and passed by Congress will be aimed primarily at reducing global inequality or increasing equity in international economic relations generally.

Ireland, more than most, has benefited from loopholes in current US corporate tax laws and is extremely vulnerable to any changes designed to repatriate more tax revenues to the US. We badly need to diversify our economic development policies to make us less dependent on a tax competition model of attracting investment, and that debate is ongoing and becoming ever more urgent.

Combined with Brexit, combatting climate change, dealing with structural inequalities in our own society and the potential costs of a united Ireland, Ireland faces a perfect storm of threats to its continued economic progression. Keeping a few bureaucrats in Brussels happy is the least of our concerns and Eoin Drea's piece is particularly blinkered in that regard.

The Irish Times is increasingly prone to publishing clickbait articles, but at least on this occasion, it has seen fit to publish my riposte...

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Wed Sep 8th, 2021 at 05:34:58 AM EST

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