No, reread it. CORRELATION/CAUSATION. Of course Ireland boomed like DOZENS of nations when the Banksters ran a ponzi scheme on the world! I want the LINK t o causation of a 12% tax rate (like the effective one the US actually has) and their boom!
From 1995 to 2000,
GDP growth rate ranged between 7.8 and 11.5%; it then slowed to between 4.4 and 6.5% from 2001 to 2007.
[18] During that period, the Irish GDP per capita rose dramatically to equal, then eventually surpass, that of all but one state in Western Europe.
So NO YOU WILL NOT TRY TO LINK TO ANYTHING PROVING YOUR POSIT. LOL
Tax Cuts did not create the Celtic Tige
“The promotion of the myth that low taxes created the Irish economic ‘miracle’ is part of a wider, conservative political agenda which, in essence, seeks to limit the role
of the state and maintain the benefits reaped by a small minority, during the Celtic Tiger years. For them, Ireland is a low-tax economy and self-interest dictates that it
should remain so.”
http://www.ictu.ie/download/pdf/tax_cuts_did_not_create_celtic_tiger.pdf
For nearly two decades, Ireland has been hailed as an example to the rest of the world for what can be achieved by a small country in terms of economic growth. The prosperity enjoyed by the “Celtic Tiger,” it was claimed, benefited the Irish population as a whole.
...The Celtic Tiger changed over time, mostly due to foreign companies looking toward Eastern Europe for even cheaper labor. When foreign investment started to dry up, Ireland’s economic profile shifted. Joining the Eurozone in 2002, Ireland was awash in money, as low interest rates in Europe made easy credit available. This had a twofold effect.
On the other, a “housing bubble” emerged that became the driving force of the Irish economy. This asset-price bubble became an important source of employment, since the construction, real estate, and mortgage broker industries exploded. It was estimated that the housing boom was responsible for one-fifth of all the jobs on the island, and state revenues relied heavily on property taxes.
IRELAND Slaying the Celtic Tiger Solidarity
In September 2008, Ireland became the first eurozone country to officially enter
recession
So NO YOU WILL NOT TRY TO LINK TO ANYTHING PROVING YOUR POSIT
From 1995 to 2000, GDP growth rate ranged between 7.8 and 11.5%; it then slowed to between 4.4 and 6.5% from 2001 to 2007
Tax Cuts did not create the Celtic Tiger
During that period, the Irish GDP per capita rose dramatically to equal, then eventually surpass, that of all but one state in Western Europe
Before the tax cuts, Ireland was one of the poorer western EU members, after, their GDP per capita was higher than all but Germany. I guess it was just a coincidence? LOL!
OK, Tax cuts create EVERYTHING in the con m
ind., AGAIN, you can't LINK (not copy and past and not attribute to WIKI, lol
August 11, 1999
Inside the Celtic Tiger shows that the tiger exists for only a few; for most of Ireland's people, it has largely passed them by. Denis O'Hearn looks at how Irish economic policy has become centred on attracting multinationals.
Rapid growth in the economy has been overwhelmingly concentrated in sectors dominated by multinational corporations
Ireland the myth of the Celtic tiger Green Left Weekly
Contributing writer Emily Cesta argues that “The Celtic Tiger”–Ireland’s boom economy between 1995-2007—was nothing more than a mirage of false promises.
....
It didn’t take long, however, before the building simply stopped. Unfinished apartments, abandoned buildings with only three outer walls and a serious loss of jobs were all anyone spoke of. The money simply dried up.
Companies were moving.
Dell moved its manufacturing plant from Limerick, Ireland to Poland. Waterford Wedgwood had a financial collapse. There was a banking crisis. Property values plummeted and no one could afford their mortgage. People were getting laid off and there was simply no more work.
The Myth of the Celtic Tiger - Money Under 30
ONCE MORE:
Tax Cuts did not create the Celtic Tiger
“The promotion of the myth that low taxes created the Irish economic ‘miracle’ is part of a wider, conservative political agenda which, in essence, seeks to limit the role
of the state and maintain the benefits reaped by a small minority, during the Celtic Tiger years. For them, Ireland is a low-tax economy and self-interest dictates that it
should remain so.”
http://www.ictu.ie/download/pdf/tax_cuts_did_not_create_celtic_tiger.pdf
AGAIN, US CORP TAX RATES WERE BELOW 12%? LOL
The Irish economic miracle was in part an employment boom as it had laid the foundation for a productivity boom many years earlier. This employment boom piggybacked the U.S. technology boom with U.S. multinationals realizing that Ireland not only was a gateway into the European Union that could avoid customs duties but also a means for reducing its effective tax rate by using transfer pricing manipulation to shift U.S. income into tax-advantaged Ireland. The really odd thing about the tax cut jihadists in the U.S. is that they are now complaining that the IRS might actually enforce section 482 of the U.S. tax code. Their hypocrisy is apparent when they claim – as many have been recently doing – that enforcing section 482 will lead to an outsourcing of jobs to low-tax jurisdictions. The Irish know that the lack of enforcement of section 482 has been part of their success in attracting jobs from U.S. multinationals.
Angry Bear The Irish Economic Miracle and Tax Policy
Low Corporation Tax Rates for Do Not Boost Growth
The same is true in Ireland. The corporation tax rate was cut drastically and a 12.5% rate was phased in up to 2003. The 10-year period of GDP growth since has been the worst in the history of the state. Yet it is still widely claimed that a low rate of corporation tax determines Irish prosperity. This claim is evidently false.
The strongest ever year of Irish growth was in 1997. This was not a part of what has become known as the ‘Celtic Tiger’ period and was six years before the 12.5% tax rate was fully phased in.
Unite s Notes On The Front Low Corporation Tax Rates for Do Not Boost Growth
LOL
