Isn’t Ritchie just great on his knowledge of tax systems?

I admit that I have been saying this for a long time. I have always argued that the 12.5% tax rate was like the ‘Sale’ sign on a shop window: it was an invitation to come in to see what deals were on offer, and Ireland had them aplenty. Now those deals, from that with Apple onwards, are unravelling. What is apparent is that the Irish economy is geared around a foolish tax arrangement that lets profits flow through, but not stay in the country. Paul Krugman has rightly called the result ‘Leprechaun economics’.

The Apple deal is nothing at all to do with 12.5%. Rather, they’ve a territorial tax system.

Sigh.

9 comments on “Isn’t Ritchie just great on his knowledge of tax systems?

  1. Paul Krugman has rightly called the result ‘Leprechaun economics’.

    If anyone on the Right had said that both Krugman and Murphy would have shrieked themselves hoarse about racism.

  2. A trip down memory lane….

    Noel Scoper says:
    August 6 2010 at 11:50 am

    Hi Richard,

    As a UK resident and Director of San Serif Print Promotions Limited, could you explain why you chose to set up Eireann Game Manufacturing in Ireland?
    Richard Murphy says:
    August 6 2010 at 11:57 am

    @Noel Scoper

    Of course

    It was to secure tax advantages

  3. “unravelling”? What the fuck would he know about Ireland, Apple and State Aid? He’s come to the conclusion that simply because State Aid proceedings have been commenced that Ireland and Apple must be guilty. I actually think the EC is on dodgy ground re Apple and wouldn’t be surprised if they lost. That’d spike Spud’s blood pressure.

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