Tuesday 21 February 2017

More strings to our bow than low tax

Published 20/11/2010 | 05:00

The multinational companies benefiting from Ireland's low corporation tax are, of course, being financed by the poor old Irish taxpayer.

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Surely if these tax receipts were instead used to sharpen up the health service, fill in potholes and build service stations on motorways, etc, then everyone would benefit -- rather than just the usual coterie of fat-cat businessmen and trough-feeding politicians.

In any event, I can't see why increasing corporation tax would reduce the numbers of companies 'investing' in Ireland. After all, don't they always say they're setting up in Ireland because it's a "strategic hub" to Europe, has a "21st century infrastructure" and a "highly educated and skilled workforce"?

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