Trump says Ireland cheats the US as its leader joins him to celebrate St. Patrick’s Day
Posted by Saltedline
Trump says Ireland cheats the US as its leader joins him to celebrate St. Patrick’s Day
Posted by Saltedline
5 Comments
I mean if there’s some countries it’s fair to say cheat on trade it’s tax havens like Ireland but they’re more cheating the rest of the EU.
I mean they do cheat, but I’d really wish it wasn’t Trump saying this because people will just rally around the cheater to BTFO Trump
Broken clock and all that. A very large part of our current services surplus and goods deficit with Ireland is due to their tax rates. Their low patent-box rate on IP makes it very costly to use that IP in US manufacturing, and US pharma basically pays no US tax anymore due to round-tripping their profits through Ireland for the drugs produced there.
They’re basically getting primary taxing rights on a lot of US income, and then our foreign tax credits allow it to offset actual US tax
Odds over/under some chinless dipshit of the administration or some megachurch dominionist evangelical associate will start calling them some variation of “popist Fenian” or “lazy Taig” by Pat’s?
Ireland has a comparative advantage in providing stable corporation registration services.