That's because Ireland has low corporation tax (12.5%) so multinational companie... | Hacker News

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donalm on Dec 3, 2010 | parent | context | favorite | on: Germany Is Smart to Plan for Death of Euro

That's because Ireland has low corporation tax (12.5%) so multinational companies export their profits there and artificially inflate the GDP.

salemh on Dec 3, 2010 | [–]

That may change however:

http://www.belfasttelegraph.co.uk/news/local-national/republ...

"Ireland's low corporate tax level of 12.5% should be doubled to 25% as part of a common rate across Europe, a cross-party group of MEPs have said."

vdm on Dec 3, 2010 | [–]

Agreed; isn't this why this discussion should use GNP? Or would that miss some other relevant detail?

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