You can’t sanction Ireland, without sanctioning the EU, also China and India won’t agree to that, so there goes 80% of the people you trade with.
These are only "competitive advantages" because some people high up decided they were legal (and probably gained some personal profit out of it). When starbucks, macdonalds or airbnb pay insanely low taxes in most european countries they're using legal ways to do so, but it doesn't benefits the people, it benefits the corporations.
I personally don't care about the exact percentage of tax we should apply, but we should start by making them pay taxes in the countries the money is made and stop allowing companies to bend the rules so much.
This is like dumping, it's a "competitive advantage" until you decide it's illegal or at least regulated, these things aren't written in stone
You don't want to apply the global tax rate? Have fun finding liquidity when every financial institution denies you access.
It worked in reducing socialist countries to poverty, it will work in forcing the hand of fiscal paradises.
Or is economical warfare fine only when it's used against the commies?
[Of course the other EU members aren't entirely pleased with Irish and Dutch corporate tax rates either, but that's a story for another thread]
low corporate taxes have made Ireland a tax heaven, with all the drawbacks you can imagine
Expensive housing, long commutes and stretched public services are making Ireland a less attractive place to live.
And it’s not just younger people who feel aggrieved. People on relatively good incomes, who might have traditionally bought into the status quo, are now priced out and are calling for more radical solutions.
Sadly, we’ve seen the entirety of the spectrum already.