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Ireland: a budget surplus of 8.6 billion euros
Thanks to favorable corporate taxes, Ireland attracts the head offices of multinationals and finds itself with more than 8 billion euros in budget surplus.
(France 2)
Thanks to favorable corporate taxes, Ireland attracts the head offices of multinationals and finds itself with more than 8 billion euros in budget surplus.
Has Ireland found the secret to good financial health? The country has a budget surplus of 8.6 billion euros. These are the head offices of large tech multinationals: Google, LinkedIn, Meta, attracted by advantageous taxation, with 12.5% corporate tax. Europe’s Silicon Valley generates billions in revenue for the Irish state and the residents all have an idea for how to spend it.
“No more trains”asks a woman. “We should build housing”assures a man. Parliament decided to spend the surplus sparingly, by increasing the budget for public services, but above all by setting aside. The Irish dilemma could leave other countries wondering, but gives a bitter taste to the European Union. Ireland would divert part of the money from the rest of Europe according to Aurore Lalucq, president of the Economic Affairs Committee of the European Parliament.
Watch the full report in the video above.