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Ireland's GDP now is all that matters, not at some point in the future.
Ireland looks liking having a diverse and independent economy and it's citizens enjoy a high standard of living -not sure why the wealth it has, wouldn't be considered genuine.
Is Singapore's wealth genuine?
we are not as wealthy as statistics suggest , the median wage is about 35 k euro per annum , public sector wages are very high but those in retail in the private sector often earn less than 23 k per annum , the multinationals have such a massive influence on GDP , it can occasionally make figures look absurd as happened a year ago or so when it appeared the economy grew by something like 25% from one year to the next based on one snapshot
Exactly...Ireland basically was imploding few years ago...
that was because the banks toxic debt was loaded onto the sovereign ( at the insistance of the ECB ) ) , we were bullied by the big powers so as to avoid contagion to the european banking system , not saying had we done an iceland and allowed the banks to fail or be nationalised , it would have been a picnic but bar a very severe property crash , things were not near as bad as many abroad think , nothing compared to greece , the economy was far too dependent on the construction sector from 2001 to 2007 and it was these workers who left for the likes of australia and canada
........Or maybe they do not pay any takes or very little at all and that's make some countries attractive.
corporations dont pay any more tax in france than they do in ireland , the headline rate is often not the actual rate paid , ireland is ( for now ) a sovereign independent state , its no ones business what rate of corporation tax it charges google or facebook , let germany lower theres to below 13% if they wish
Of course I do....within the EU you do what the ECB, the European Commision and Germany wants you to do (the Troika "less the IMF" when there is no emergency)...that is the deal, is that simple.
Quote:
that was because the banks toxic debt was loaded onto the sovereign ( at the insistance of the ECB ) ) , we were bullied by the big powers so as to avoid contagion to the european banking system
Exactly....Ireland folded like a cheap suit. There are a lot of angry Irish citizens about this.
Last edited by saturno_v; 09-30-2017 at 04:23 PM..
, ireland is ( for now ) a sovereign independent state , its no ones business what rate of corporation tax it charges google or facebook , let germany lower theres to below 13% if they wish
I know I was simply replying to people that think that if a multinational generates on paper a lot of its revenue in a given country, all the benefits, automatically, go to that country....is not that simple.
Of course I do....within the EU you do what the ECB, the European Commision and Germany wants you to do (the Troika "less the IMF" when there is no emergency)...that is the deal, is that simple.
Exactly....Ireland folded like a cheap suit. There are a lot of angry Irish citizens about this.
had we defaulted , the older generation would have lost by far the most and the older generation own the political class
it's a socially homogeneus country, with low population and population growth, and it's located in Europe near several of the main global economies (UK, Germany, Russia...).
Very isolate. Having CCCR and Russia for neighbhoor. At the exception of sweden, mainly poor country near them. Bad weather.
But yeah homogeneus country is a big advantages. I don't get why all politicians try to lead us to the opposit direction.
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