The Missing Profits of Nations

barryqwalsh

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The aptly named study The Missing Profits of Nations found Ireland to be effectively the world’s largest tax haven, enabling global corporations to avoid any public distribution of wealth.


The research estimates that multinationals moved €90 billion in corporate profits through Ireland in 2015 and estimates that this practise of profit shifting costs tax authorities globally about €170 billion.


To get a sense of the historical trajectory of the bigger project we are racing to catch up with, between 1985 and 2018 the global average statutory corporate tax rate fell by more than half.


How liberalism is enslaving Ireland as a colony of Silicon Valley
 

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