Tax avoidance royalties make up almost a quarter of Ireland's GDP.

eoghanacht

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Multinational companies shifted profits through Ireland – an accounting technique designed to avoid corporation tax - equivalent to almost a quarter of the country’s GDP between 2010 and 2015.

Profits diverted through Ireland far exceeded those diverted through other EU states, according to a report published by the European Commission on Wednesday, which examines tax rules in Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta and the Netherlands.

The Commission said that some businesses have exploited loopholes and different tax regulations across member states.

Tax avoidance royalties make up almost a quarter of Ireland's GDP, says EU | The Independent

https://twitter.com/premnsikka/status/971477337685549058?s=19
 


ThatsReasonable

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Nov 9, 2017
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Can we stop calling it avoidance. This is tax cheating pure and simple, brought about by Ireland's regulatory captivity.
 

gleeful

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Feb 7, 2016
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"Tax avoidance royalties make up almost a quarter of Ireland's GDP"

There's a name for this: Winning.
 


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