05/16/2018

Ireland Lowered Its Corporate Tax Rate. Here’s What Happened.

Fred Lucas, Daily Signal

Many U.S.-based multinationals are finding luck with Ireland’s low corporate tax rate—and that 12.5 percent rate has been a pot of gold for the Irish economy as well.

In 2015, the Irish economy was estimated to have grown by 26.3 percent through foreign companies opening operations and providing high-paying jobs, including about 700 U.S. companies currently operating in the country.

The Irish corporate tax rate is about half the average for other countries in the Organization for Economic Cooperation and Development, which comprises 34 developed nations.

Ireland’s rate is less than half of what some other European countries’ corporate tax rates are: Belgium, for example, has a rate of 33.9 percent; Austria’s rate is 25 percent; and Greece’s is 29 percent.

It’s also still lower than the U.S. corporate rate, despite the latter being slashed last year from 35 percent to 21 percent.

Read full article



You May Also Like:

When Carter Page Met Stefan Halper The Wall Street Journal

Lying Liar James Clapper Just Lied Again About His Previous Lies About NSA Spying [Watch] Bre Payton, The Federalist

Tinker, Tailor, Clapper, Carter, Downer, Halper, Spy Mark Steyn, SteynOnline.com

Texas Laps California In Job And Population Growth Chuck DeVore, Forbes.com

HOW TO DESTROY A MAJOR CITY: One Week After Passing Massive Job Tax, Seattle Democrats Consider Huge Property Tax Increase Ben Shapiro, Daily Wire

Honest FBI Agents Step Forward: Want To Testify Against Their Deep State Masters Jim Hoft, Gateway Pundit

NFL Adopts Policy To Fine Teams If Players And Personnel Don't Stand For National Anthem Kathleen Joyce, Fox News

How Junk Science Sends Innocent People To Jail [Watch] John Stossel, Rasmussen Reports

The Obamas’ Netflix Deal Proves It’s Time To Stop Paying Ex-Presidents Jonathan S. Tobin, New York Post

Let The Farm Bill Stay Dead Michael Tanner, National Review

Larry Elder: Kanye, The Media, And New Conservatives [Watch] Rubin Report

Right To Try Passes House, Trump Expected To Sign Mary Lou Lang, Washington Free Beacon

Tomi Lahren Viciously Assaulted At Brunch With Mom [Watch] Matt, Political Insider

You Have To Work!': Judge Lays Down The Law On 30-Year-Old Who Refused To Leave Parent's House [Watch] Jenni Fink, Independent Journal Review

Firefighter Earned $300K In Overtime By Working More Hours Than Actually Exist Eric Boehm, Reason

Welfare By Another Name James Rickards, Daily Reckoning

For More go to the Home Page >>>

Join Our Email List



section

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

section

In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

-- Daniel J. Mitchell,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 3.93%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central April Year-to-Year: 2.46% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

section