this post was submitted on 26 Nov 2024
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Economy
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Good. It was a mistake on the EUs part to allow Ireland to become a tax haven in the first place. At least one tiny part of Trumps presidency won't be a complete disaster.
I hate to disappoint you, but the EU and OECD had already dealt with it 10 years ago and it was fully phased out by 2020. Look at what happened to Meta and Google's domestic corporate tax numbers that year to get an illustration. It's expected to continue to shift in the coming years as companies are moving intellectual property to the US from Ireland.
Ireland stole billions of euros in taxes from other EU countries, and no, Ireland getting shittons pf money from Meta and Google is not "dealt with it"
That's not how international taxation works.