That’s predominantly pharmaceuticals being exported into stockpiles ahead of any impending tariffs btw.
You can never use GDP as a figure for anything in Ireland. There is a reason the term leprechaun economics became a thing.
What’s Irish for “tax haven”?
Tax heaven benefiting from beeing in the EU. That’s it.
And the more the EU deals with third countries, the more Eire will punction taxes on products/services entering/leaving European market.
Is this real by now or just tech companies exploiting the tax system.
Its because you can order british-isch things from ireland (which is still in the EU) without going through customs and paying extra taxes. Source: myself avoiding ordering things from UK but from Ireland is fine.
Ireland’s economy is not stable nor normal for a country.
Its heavily dependent on American companies being based there for low tax benefits.
Irelands is colony grew 25% in 2015 due to Apple’s internal restricting. The is is where it gets the name “leprechaun economics”.
Nearly 10% of the Irish worker force is employed by these American firms and they are mostly high paying.
50% of Ireland’s corporate tax revenue comes from 10 companies and they are mostly American.
US companies in Ireland are responsible for more than 50% of Irish exports.
Irelands economy is mostly bullshit and reliant completely on the US.
Yet Dublin has no Metro (I’m not biased because my bus driver drove straight past me today causing me to wait for another hour)
Worrying trends…
Ireland has signed up with the global minimum tax rate. It’s not even the lowest rate available in Europe any more.
We had low taxes when we were the poorest country in Europe – everyone laughed at us for doing it. Now we have a huge pharma, medtech, semiconductor manufacturing and tech industry.
When the banks went bust in 2008 we paid their debts on the public purse to appease the EU. When Germany was reunifying we pushed to support that effort.
We didn’t build our country on the back of imperialism and exploitation – we were the victims of it. When the UK was pillaging India and the mainland EU countries were dividing up Africa, we were under British rule. How about you pay back the resources you took from those countries too?
If you care so much about our tax laws how about you change your laws to collect more taxes at the point of purchase/leading your territory.
Yeah but our housing, policing, hospitals, social services, prisons and arts are all fucked.
GDP is a shitty metric, especially for quality of life.
So whats up wit Chech republic ?
What’s been happening Slovenia? Poorer economic results than expected for quite some period 🤔
A big L for Slovenia.
No source.
Meanwhile in Ireland: the exact same cost of living crisis in the rest of the continent
The EU is so screwed. Those numbers are dreadful.
Ierland is a tax haven, companies artificially pump up their Irish production to take advantage of this. E.g. by American companies having patents owned by their Irish subsidiary which they need to licence for inflated amounts, ensuring all profit is made in tax haven Ireland.
Irish GDP figures are not very meaningful for the actual economy there.
A better measure of prosperity is
“Actual Individual Consumption (AIC) per capita”
25 comments
That’s predominantly pharmaceuticals being exported into stockpiles ahead of any impending tariffs btw.
You can never use GDP as a figure for anything in Ireland. There is a reason the term leprechaun economics became a thing.
What’s Irish for “tax haven”?
Tax heaven benefiting from beeing in the EU. That’s it.
And the more the EU deals with third countries, the more Eire will punction taxes on products/services entering/leaving European market.
Is this real by now or just tech companies exploiting the tax system.
Its because you can order british-isch things from ireland (which is still in the EU) without going through customs and paying extra taxes. Source: myself avoiding ordering things from UK but from Ireland is fine.
Ireland’s economy is not stable nor normal for a country.
Its heavily dependent on American companies being based there for low tax benefits.
Irelands is colony grew 25% in 2015 due to Apple’s internal restricting. The is is where it gets the name “leprechaun economics”.
Nearly 10% of the Irish worker force is employed by these American firms and they are mostly high paying.
50% of Ireland’s corporate tax revenue comes from 10 companies and they are mostly American.
US companies in Ireland are responsible for more than 50% of Irish exports.
Irelands economy is mostly bullshit and reliant completely on the US.
Yet Dublin has no Metro (I’m not biased because my bus driver drove straight past me today causing me to wait for another hour)
Worrying trends…
Ireland has signed up with the global minimum tax rate. It’s not even the lowest rate available in Europe any more.
We had low taxes when we were the poorest country in Europe – everyone laughed at us for doing it. Now we have a huge pharma, medtech, semiconductor manufacturing and tech industry.
When the banks went bust in 2008 we paid their debts on the public purse to appease the EU. When Germany was reunifying we pushed to support that effort.
We didn’t build our country on the back of imperialism and exploitation – we were the victims of it. When the UK was pillaging India and the mainland EU countries were dividing up Africa, we were under British rule. How about you pay back the resources you took from those countries too?
If you care so much about our tax laws how about you change your laws to collect more taxes at the point of purchase/leading your territory.
Yeah but our housing, policing, hospitals, social services, prisons and arts are all fucked.
GDP is a shitty metric, especially for quality of life.
So whats up wit Chech republic ?
What’s been happening Slovenia? Poorer economic results than expected for quite some period 🤔
A big L for Slovenia.
No source.
Meanwhile in Ireland: the exact same cost of living crisis in the rest of the continent
The EU is so screwed. Those numbers are dreadful.
Ierland is a tax haven, companies artificially pump up their Irish production to take advantage of this. E.g. by American companies having patents owned by their Irish subsidiary which they need to licence for inflated amounts, ensuring all profit is made in tax haven Ireland.
Irish GDP figures are not very meaningful for the actual economy there.
A better measure of prosperity is
“Actual Individual Consumption (AIC) per capita”
https://ec.europa.eu/eurostat/en/web/products-eurostat-news/w/ddn-20250618-1
Edit: stripped Google url
Yet every year Irish leave en masse to other countries like Australia , Canada ? Why?
McWilliams puts it best on his podcast. 1st world country, 3rd world infrastructure.
Dublin doesn’t even have a train from the airport to the city.
Not really Ireland. *The giant American corporations “domiciled” in Ireland.
I am sure that the GDP growth will trickle down like it has been accomplished in the US.
So how do regular Irish folks benefit from this?
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