For example if you want to work for Google in Europe it's either UK or Switzerland, which are interestingly the two developed european countries outside of the EU :)
For many people staying close to the place they grew up and their family is important. If you get a well-paid job there it can be more attractive than moving halfway around the world for more money.
And there are numerous places in Germany and Northern Europe where an experienced developer can command €80-90k.
Consider that a senior position at Amazon Berlin wich lists €80-100K range would be more towards €300k in Bay Area.
That's not what I wrote. I said they pay as well as others in the area. Yes, not everyone pays exactly like Google or Amazon, but other tech jobs in the Bay Area are also far above national median for developers. FAANG pays well but they still pay in relation to the area, they don't just give away $300k paychecks to people anywhere in the world.
And the rest also just confirms what I mean, 80k in Germany are a great salary. Many people won't gain much moving to the Bay Area to get $250k (if they can). The standard of living won't be that much higher than with 80k in Berlin.
https://www.google.com/amp/s/www.cnbc.com/amp/2020/11/03/ire...
[1]: https://www.irishtimes.com/business/apple-s-cash-mountain-ho...
Or Ireland, or France, or Belgium.
It's a recipe for disaster. As will become apparent when some other equally strategically placed jurisdiction starts offering even more enticing tax-breaks and the megacorps up sticks and decamp there instead. Then the whole house of cards [and with it most of the Irish economy] will come tumbling down.
What a pathetic pathetic country!
[and I say that as a terminally embarrassed Irishman]
At the moment, if I were the Irish government, I think I'd be more concerned with the likelihood of genuine international collaboration on business taxes than any single rival nation setting up a more favourable tax regime. Even the Biden administration now seems to be acknowledging that this may be the way forward with the need for governments to make up unprecedented economic damage from the pandemic, and if the US moves that way, there is political cover and financial incentive for other governments in the developed world to move that way too.