Wall Street Journal: EU is “Beating Up the Irish”

Simpsons 'Whacking Day'

Via Irish Central, a Wall Street Journal main editorial – Beating Up the Irish:

You might think that Berlin, Paris and Brussels—all lenders to Dublin—would want to maximize the chances that they’ll be paid back by encouraging helpful economic policies. But resentment on the Continent over Ireland’s 12.5% tax rate apparently trumps economic rationality. The European claim is that Ireland needs to raise its tax rate to raise more tax revenue…

Even in 2009, amid recession and a contracting economy, Ireland managed to collect the equivalent of 2.4% of GDP in corporate income tax revenue, compared to 1.3% for Germany and 1.4% for France. This is a testament to the efficiency of Ireland’s low rate in encouraging investment, economic growth and tax payments. Instead of punishing Ireland for its enlightened tax policy, politicians on the Continent would be wiser to emulate it.

Read more.

This entry was posted in Budget, ECB/IMF, Economy, EU, ireland, Taxation and tagged , , . Bookmark the permalink.

One Response to Wall Street Journal: EU is “Beating Up the Irish”

  1. Pingback: Germany owns Europe: during boom bankers went out way to get dirty, needed to go abroad to (Vanity Fair/Michael Lewis) | rebel-alliance.org

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s