Posted on 07/27/2021 1:47:40 PM PDT by Recovering_Democrat
One of...Biden's priorities is a historic overhaul of global tax rules. The world's most powerful 20 economies are on board. But an island nation of 5 million people is standing in the way....
....the country has successfully attracted hordes of global businesses with a corporate tax rate of just 12.5%, compared to 21% in the United States and 19% in the United Kingdom....
Now, with 132 governments around the world in agreement on a minimum corporate tax of at least 15% to ensure big business pays its fair share, Ireland is digging in its heels. "We are not in that agreement," Finance Minister Paschal Donohoe recently told Irish media.
(Excerpt) Read more at cnn.com ...
Inverse Square rule. Ireland is very close to Britain and so less expensive to maintain. Hong Kong, Cape Town, India? Forget it. Too far. Logistics is a bitch.
Plus you no longer have colonial troops you can shuttle around the empire-commonwealth. No Indian units, no Aussies, no Kiwis or Canadians.
If you have to do it with English, Welsh & Scots without any affiliates, a slice of Ireland is about all you can manage.
Biden is full of blarney.
They'll fold...like a cheap suit.
i believe you are thinking of Scotland
Ireland wants to be a globalized country and part of the EU. They live and die about that. They wanted lower taxes but didn’t comprehend that in the EU that would come back to smash them.
Truth in advertising, I'm not Irish. Just poking fun.
Huh?
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