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  1. #1 Ireland Lowered Its Corporate Tax Rate. Here’s What Happened. 
    Other countries obviously don’t like their lower corporate rate. These countries suggest Ireland is stealing revenue and jobs from other European nations. Actually, it goes to show the the fallacy in having punitive tax policies that undermines economic activity, jobs and competitiveness in a global economy. The Europeans would prefer everyone act the same across the board which would preclude them from having to make tough choices between taxes, spending and the welfare state. Read down to how Ireland feels about raising it corporate rate. Hint: economic suicide and contrary to their own “self-interest.” Go Ireland!

    The U.S. can learn from their actions. The American Dream is about creating favorable business climate to foster jobs, business expansion and increased tax revenue for communities and more opportunity and disposable income for Americans. The left hates prosperity! They prefer class warfare and using the power of government to punish success, innovation and achievement.

    “In the U.S., we largely have Ireland to thank for the increasing pressure placed on the U.S. to lower our corporate tax rate,” Michel said. “The pressures of tax competition and competition for global investment is a force for good policy and helped give U.S. policymakers a nudge in the right direction.”

    Ireland’s 12.5 percent corporate tax rate became effective in 2003.

    The low corporate tax rate is not without controversy, as European Union officials are seeking “tax harmonization,” meaning similar rates, and accused Ireland of “stealing” revenue and jobs from other European nations.

    Ireland ranked fourth on the Tax Foundation’s 2017 International Tax Competitiveness Index of 35 countries for corporate tax rates, and 16th overall for its entire tax environment. Estonia ranked first overall with a corporate tax rate of 20 percent. But that rate is only applied to distributed profits, which are earnings shared with shareholders as a dividend, according to the Tax Foundation.

    Only Hungary has a lower corporate tax rate at 9 percent, the Tax Foundation says. The other countries with rates below 20 percent are Latvia at 15 percent and the Czech Republic, Poland, Slovenia, and the United Kingdom, which all have a 19 percent rate.

    But Ireland’s economy is too reliant on the low rate to raise it, argues Eamon Delaney, director of the Hibernia Forum, an Irish free-market advocacy group.

    “Let’s face it. There was a clear reason why we brought Apple and others to Ireland and why we have a low corporate tax rate,” Delaney wrote in an Irish Times op-ed in January. “It is the lifeblood of our economy, and in the past, we even had a lower tax model to bring jobs to our rain-washed shores.”

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  2. #2  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
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    Apr 2009
    They're after me lucky charms!
    Woe to those who call evil good, and good evil;
    Who substitute darkness for light and light for darkness;
    Who substitute bitter for sweet and sweet for bitter!
    21 Woe to those who are wise in their own eyes
    And clever in their own sight! Isaiah 5:20-21 NASB

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