What is miraculous about creating a tax haven for apple?
Those magical Mick Ro’softs, Cisc’o, Hewlet Fitzpatricks and McGoogle’s
Yeah. Its a miracle here in Ireland. A corporations miracle island. Cold California
Legally stealing money is indeed a miracle.
Let’s say what *some* Irish have to say about that:
> The Disconnection of GDP from Economic
Activity Carried out in Ireland
>By Stephen Byrne, Thomas Conefrey and Michael O’Grady1
> The unsuitability of GDP as a measure of both the size of the Irish economy and its rate of growth has been well documented for over 20 years. The problems with using GDP in an Irish context were brought into sharp focus in 2016, when CSO National Accounts data recorded an increase in GDP for 2015 of just under 26 per cent, a year in which employment grew by 3.4 per cent. Since 2015, there is evidence of a widening gap between measured GDP, in the official National Accounts published by the CSO, and what could be considered as underlying domestic economic activity – i.e. economic activity conducted in Ireland that affects the employment and incomes of Irish residents. In 2021, GDP is likely to overstate the underlying rate of growth in the Irish economy by around threefold. This Box outlines some of the reasons for the growing disconnection between GDP and other measures that more closely align with economic activity that takes place in Ireland.
The median full time salary in Ireland is roughly the same as in Britain, both around €37k/£32k, yet the cost of living for groceries, rent, alcohol (especially now after MUP), cars is generally much higher in Ireland.
This is a massive improvement for Ireland compared to decades past, but the impression that the image above gives is illusory for the average citizen.
Facebook/Google/Apple economic miracle.
It is amazing how well an economy can do if it does not devote 2 % of all income [ basically all potential capital formation ] to military contractors.
Same advantage of Costa Rica, and of course, The Isle of Man and The Channel Islands – see also the Caribbean [ for the most part, except Haiti and The Dominican Republic and Cuba]. A goal Czechia and Austria and Croatia should try for.
12 comments
What is miraculous about creating a tax haven for apple?
Those magical Mick Ro’softs, Cisc’o, Hewlet Fitzpatricks and McGoogle’s
Yeah. Its a miracle here in Ireland. A corporations miracle island. Cold California
Legally stealing money is indeed a miracle.
Let’s say what *some* Irish have to say about that:
> The Disconnection of GDP from Economic
Activity Carried out in Ireland
>By Stephen Byrne, Thomas Conefrey and Michael O’Grady1
> The unsuitability of GDP as a measure of both the size of the Irish economy and its rate of growth has been well documented for over 20 years. The problems with using GDP in an Irish context were brought into sharp focus in 2016, when CSO National Accounts data recorded an increase in GDP for 2015 of just under 26 per cent, a year in which employment grew by 3.4 per cent. Since 2015, there is evidence of a widening gap between measured GDP, in the official National Accounts published by the CSO, and what could be considered as underlying domestic economic activity – i.e. economic activity conducted in Ireland that affects the employment and incomes of Irish residents. In 2021, GDP is likely to overstate the underlying rate of growth in the Irish economy by around threefold. This Box outlines some of the reasons for the growing disconnection between GDP and other measures that more closely align with economic activity that takes place in Ireland.
Source: [Irish Central Bank](https://www.centralbank.ie/docs/default-source/publications/quarterly-bulletins/boxes/qb4-2021/box-c-the-disconnection-of-gdp-from-economic-activity-carried-out-in-ireland.pdf?sfvrsn=2#page12)
Let them eat GDP
A miracle for corporations. Meanwhile to rent a studio in Dublin you pay more than 1500 euros per month ..
Even the Irish Central Bank call bullshit on this
https://www.centralbank.ie/docs/default-source/publications/economic-letters/vol-2021-no-1-is-ireland-really-the-most-prosperous-country-in-europe.pdf
What being a tax heaven domes to a mf
The median full time salary in Ireland is roughly the same as in Britain, both around €37k/£32k, yet the cost of living for groceries, rent, alcohol (especially now after MUP), cars is generally much higher in Ireland.
This is a massive improvement for Ireland compared to decades past, but the impression that the image above gives is illusory for the average citizen.
Facebook/Google/Apple economic miracle.
It is amazing how well an economy can do if it does not devote 2 % of all income [ basically all potential capital formation ] to military contractors.
Same advantage of Costa Rica, and of course, The Isle of Man and The Channel Islands – see also the Caribbean [ for the most part, except Haiti and The Dominican Republic and Cuba]. A goal Czechia and Austria and Croatia should try for.