"It's well known that Ireland has a phoney GDP because it includes profits booked here for tax-efficiency purposes by multinationals."
"Government parties have long framed this as a measure of our sexy modernisation, making Ireland's economy an open relationship, down for whatever and creating tonnes of jobs."
Ireland’s GDP is described as “phoney” because it includes profits booked in Ireland for tax-efficiency purposes by multinationals. Government parties have previously framed this approach as “sexy modernisation,” presenting Ireland’s economy as open and flexible. The strategy is portrayed as enabling tax efficiency and attracting multinational activity. It is also presented as creating jobs. Despite the prominence of multinational profit booking, ministers are characterized as reluctant to mention the presence of a major adult-content company that pays tax in Ireland.
#ireland-economy #gdp-distortion #tax-efficiency #multinational-profit-shifting #adult-content-industry
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