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Video Length: 2 minutes
Thanks to favorable corporate taxes, Ireland attracts the head offices of multinational companies and generates more than €8 billion in budget surpluses.
Has Ireland discovered the secret to good economic health? The country's budget surplus is 8.6 billion euros. These are the head offices of big tech multinationals like Google, LinkedIn and Meta, attracted by the advantageous tax rate of 12.5% corporate tax. Europe's Silicon Valley generates billions in revenue for the Irish state, and residents have a clear idea of how to spend it.
“No More Trains”asks a woman. “We need to build housing”A man assures. Parliament decided to spend the surplus sparingly by increasing the budget for public services, but above all deferred. The Irish crisis may surprise other countries, but leaves a bitter taste for the EU. According to Aurore Laluc, president of the European Parliament's Economic Affairs Committee, part of Ireland's money will be diverted from the rest of Europe.
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