NI and Ireland

Multinationals use Ireland to dodge taxes.
This practice skews Irelands GDP figures.
The EU has allowed big companies like Apple to avoid paying taxes.
 
Ireland is a fur coat and no knickers economy.
Take away the money earned by allowing the multinationals to launder their profits through the Irish tax system and there is nothing left.

www.socialistparty.ie

“Leprechaun economics” creates fictitious growth

Suspend your sense of disbelief – Ireland's economy “grew” by a staggering 26.3% in GDP in 2015.
www.socialistparty.ie www.socialistparty.ie
 
Vinty said:
Ireland is a fur coat and no knickers economy.
Take away the money earned by allowing the multinationals to launder their profits through the Irish tax system and there is nothing left.

www.socialistparty.ie

“Leprechaun economics” creates fictitious growth

Suspend your sense of disbelief – Ireland's economy “grew” by a staggering 26.3% in GDP in 2015.
www.socialistparty.ie www.socialistparty.ie
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Bolshevism!
Your source would be better titled as Bolshevik communist economics.
The Socialist Party is a revolutionary organisation committed to ending the rule of capitalism
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From your link.


Northern Ireland is one of the two economically weakest regions of the UK, alongside the North East of England. By contrast, Ireland has one of the most dynamic economies in the EU.
The cost-of-living crisis is more painful in Northern Ireland than in either Great Britain or Ireland, where pay is rising faster, while inflation in Ireland is not rising as fast as in the UK.
Some of these changes are the result of Brexit, which is changing the economic environment in the UK.
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https://muse.jhu.edu/pub/423/article/908962
 
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Mrs Doubtfyre said:
Bolshevism!
Your source would be better tilted as Bolshevik communist economics.

From your link.



https://muse.jhu.edu/pub/423/article/908962
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Load of crap.
The UK is still one of the wealthiest countries in the world due to having had an empire, great wealth was accumulated and is still there although hidden.
Outside of Ulster, Ireland was under developed until the EU pumped billions into its economy and then along came the multinationals who used the Irish tax system to launder their profits.
Most investment into Ireland is indirect , mostly American multinationals, if they leave then the economy will go tits up.
 
Vinty said:
Load of crap.
The UK is still one of the wealthiest countries in the world due to having had an empire, great wealth was accumulated and is still there although hidden.
Outside of Ulster, Ireland was under developed until the EU pumped billions into its economy and then along came the multinationals who used the Irish tax system to launder their profits.
Most investment into Ireland is indirect , mostly American multinationals, if they leave then the economy will go tits up.
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Everything you say there about Eire could equally apply to Ulster, y'know.
 
Odds said:
Everything you say there about Eire could equally apply to Ulster, y'know.
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Eire is a sovereign state.
Ulster is a region of the UK.
Can you really compare one with the other.
 
Vinty said:
Load of crap.
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Intelligent response to my post. :rolleyes:

Vinty said:
The UK is still one of the wealthiest countries in the world due to having had an empire, great wealth was accumulated and is still there although hidden.
Click to expand...
Don't be ridiculous, it's not even in the top 10. Ireland is in 3rd place.
1722338952311.png

gfmag.com

Richest Countries in the World 2024 - Global Finance Magazine

Many of the world's richest countries are also the world's smallest: the pandemic and the global economic slowdown barely made a dent in their huge wealth.
gfmag.com gfmag.com
 
Mrs Doubtfyre said:
Don't be ridiculous, it's not even in the top 10. Ireland is in 3rd place.
Click to expand...

It's a long time since I've looked into this. But isn't the argument that Ireland's GDP is inflated by companies booking profits there from other parts of the world? So it's not actually a great indicator of Ireland's wealth. This might be way out of date!
 
JonathanM said:
It's a long time since I've looked into this. But isn't the argument that Ireland's GDP is inflated by companies booking profits there from other parts of the world? So it's not actually a great indicator of Ireland's wealth. This might be way out of date!
Click to expand...
It's dated as 2024.

The latest macroeconomic forecast for Ireland. Ireland's economy is expected to rebound and grow by 1.2% in 2024 and 3.6% in 2025 supported by an improvement in global trade, falling inflation and a strong labour market
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economy-finance.ec.europa.eu

Economic forecast for Ireland

The latest macroeconomic forecast for Ireland. The European Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July).
economy-finance.ec.europa.eu economy-finance.ec.europa.eu

I suspect that any foreign investment is the envy of many countries including UK.
 
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