Quote:
Originally Posted by opendoor
Sure, but it's in no shape or form in proportion with the amount of GDP that gets credited there. About $220B in revenue is attributed to the Irish subsidary each year. With 6,000 employees, that's $37 million in revenue per employee. Do you really think that figure accurately reflects the economic activity occurring within Ireland? Obviously not, but it gets counted as part of Ireland's GDP because the money flows through there.
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Does anyone actually think Ireland is the 3rd richest country behind Switzerland and Luxembourg? Of course their GDP numbers are inflated. There are benefits Ireland's strategy of allowing corporations to set up their headquarters, without much taxation.
The USA, unlike Ireland (and Switzerland), isn't pumping up their numbers by acting as a tax haven. They have much better numbers than us. If anything, it's Canada's numbers that are inflated. We're still exporting raw natural resources, and we're very poor at going after tax cheats.