Decryption – In the government's 2025 budget, gifts to households exceed 4.7% of GDP. Between tax cuts and increased spending.
It's a rich man's problem that is the envy of many in Europe. Especially watching from France, a day of public policy speeches and a precarious budget equation for the prime minister. To present the 2025 budget this Tuesday, the Irish government had to answer the question: how to spend €9.7 billion of GDP? Not to mention the extraordinary windfall of 14 billion euros that fell from the sky on September 10 following the decision of the Court of Justice of the European Union, which ordered Apple to pay these funds to Ireland. That is a total of 23.7 billion, which equates to a surplus of 4.7% of GDP.
The case dragged on for ten years and the European Justice ruled that the Apple brand had benefited from an undue tax advantage. The irony of history, especially a…
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