If Ireland Is Not A Tax Haven, What Is It? | WHAT REALLY HAPPENED


If Ireland Is Not A Tax Haven, What Is It?

No jurisdiction, except perhaps Bermuda, has more at stake per capita in the international tax game than Ireland. Again, reputation is central. Corporate boards and CEOs don't want their prestigious brands smeared by association. They cannot have their regional headquarters located in a jurisdiction that--whether fairly or unfairly--has obtained a reputation for less-than-aboveboard business dealings. The label "tax haven" implies sunny beaches and shady business. If Ireland wants to continue to attract investment by the world's most respected companies, it desperately needs to avoid the tax haven label. It must also avoid incurring the wrath of the citizenry of the European Union, who want Ireland to stop using low-tax rates to steal jobs and investment from their countries.

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