The Economist (2025)

The Emerald petro-state is riding high off tech and pharma—for now | Europe

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Summary:

Summary: The article discusses Ireland's emergence as a prime destination for multinational corporations seeking to minimize their tax liabilities, likening it to the "Saudi Arabia" of siphoned-off global profits. This phenomenon is largely driven by the country's favorable tax policies, particularly in the technology and pharmaceutical sectors, which have attracted significant foreign investment.

Context Addition:

Ireland's corporate tax rate, one of the lowest in Europe at 12.5%, has made it an attractive location for companies looking to optimize their tax strategies. This influx of investment has transformed Ireland into a key player in the global economy, benefitting from globalization and economic development while raising concerns about tax fairness and the sustainability of such a model.

Keywords: Ireland, corporate taxation, foreign investment, economic growth, globalization

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articles and videos about Ireland
Corporate Taxes, European Regulators and Tech Companies