this post was submitted on 13 Aug 2024
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Ireland has attracted many tech companies including Twitter, and the latter has a massive employment footprint here.
I wouldn't mind corporate tax breaks to public companies (like ireland gives) as long as the gov't taxes private wealth enough to fund decent social programs like Ireland.
My experience living and working across Europe, including The Netherlands which is pretty similar to Ireland, is that the result of a low corporate tax system for the common people is to end up paying high personal taxes whilst getting inferior public services: it really stands out just how bad the public services are for the amount of personal taxes one pays in a place like The Netherlands compared to other countries in Europe.
The low corporate tax scheme can work for city states and similarly tiny nations (Singapore, Luxemburg, Cayman Islands and so on) probably because the additional jobs they bring do make a lot of difference in a place with so few people, but it doesn't seem to work all that well in nations that aren't micro (though the trickery of counting the passing-through profits from whole continents of those large companies in the local GDP of the low corporate tax nation, does allow politicians there to swindle the Economically-uneducated and claim they made the country "grow").