Tag Archives: Gdp

Taxes, bull and the Irish economy

bull-023Another week  another inversion. This time, passing almost unnoticed in the august torpor, one of the worlds largest meat companies, JBS, signalled that it would relocate its HQ to Ireland. It also noted that this HQ company would be controlled from an office park in Herefordshire.  The reasons for this have nothing whatsoever to do with anything real, all to do with favorable tax and legal reasons. This is unlikely to have any effect on GDP, unless of course JBS decide to start using intellectual property and patents to start to shuffle money around, thus creating “exports” from Ireland.
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