I do not think so yet, but do think it is going that way and the British have only themselves to blame after leaving the EU with Brexit and that sad little Farage fellow who conned them all as well as a former British Prine Minister or 2 who took them that way.
Trickle-down has been debunked time and time again.
Your point on education is on point.
We need to ensure it is a priority for all.
The US and the UK have dumbed down education for decades.
I’m not sure we are in any position to point fingers there.
One of the reasons the UK has resisted Schengen is the EU having eyes on the movements of non domicile evasion.
We're in Schengen Information System so it's not as easy. Mazers does help with cayman island accounts, but the level of facilitation that UK allows is piracy, old swashbuckling Britain.
what has Schengen got to do with non dom status? Ireland has proportionately more non doms than the uk and the regime is far more generous. Ireland is the biggest tax haven in Europe, if not the world.
Any evidence for this?
I bet you won't be able to link one credible source for your assertions.
https://ormsby-rhodes.ie/ireland-a-destination-for-non-doms/
https://www.theguardian.com/politics/2024/apr/13/uk-non-doms-uk-labour-tax-plans
https://www.irishtimes.com/business/personal-finance/tax-revenue-to-fall-as-non-dom-count-reaches-7-000-1.3775001
7000 non doms in Ireland in 2019 and no doubt increasing, 60 odd thousand in the UK and dropping. Proportionately that means more non doms here. Care to explain what you were waffling on about Schengen for?
Or maybe explain why the Irish government actually went to court to try and help apple avoid paying taxes? Ever heard of leprechaun economics? Ireland is a fundamental part of the process that knowingly allows Multi national companies avoid paying taxes. Never wondered why one of our largest companies has only a handful of employees and is regulated at a law firm in Dublin? https://www.theguardian.com/world/2021/jun/03/microsoft-irish-subsidiary-paid-zero-corporate-tax-on-220bn-profit-last-year
Is Ireland richer than the UK? Yes and it started in the 90's.
If you don't believe it and are at the bottom of the rung understand that your standard of living is still 60% higher on average than those in similar circumstances in the UK.
It started in the 90's as the economy opened up.
We have FDI to thank for this wealth but that's under threat now.
If you don't believe it go live in the UK on £71 per week and let us know how you get on.
Britain is in an economic crisis so they they are raisimg tax's and reducing regulations to attract investment This is unlikely to work as they are outside the eu and the election of trump is going to make things worse in terms of trade with the UK meanwhile illegal migrants arrive every day I'm the UK. Rich people will continue to leave the UK talking about building a new runway at Heathrow does not help much
Yeah. I watched an interview with Michael O'Leary critique the British government using the term Rachel rubbish. That's a fitting name.
The UK is a hellscape. There's absolute grinding poverty. The only jobs available are low pay and there's a lot of gig economy exploitative practices going on.
High crime pervades the place. Even in London which is supposedly desirable has very high crime rates with knife crime and all sorts.
It's just a horrible, horrible place without a single redeeming feature.
according to Indeed, there are 17,000 jobs within 35 miles of London on over £60,000 per year. In fairness there are only 2000 jobs within 35 miles of Manchester above £60k and 400 jobs over £60k around Edinburgh, but I would hardly say the only jobs are low paid.
How is it fitting? Sounds like O'Leary having a tantrum honestly.
Any chance of some sources for the rest of this?
it is a typical O’Leary tantrum, but in fairness, our UK business is facing an increase in employment costs of around £3m, so are in the process of cutting the capital budget to try and offset some of this. This will mean two of the three office refurbishments will get canned. Hardly the economic stimulation that Labour promised.
If the previous government hadn't spent a decade and a half running the place into the ground, things might have been better.
Wow, amazing that Microsoft's Irish subsidary posted 22 billion of profit in a single year. We are indeed fortunate we are the tax haven of the world, and also that we got handouts from the EEC / EU until relatively recently.
Because the UK was the 2nd biggest net contributor to the EEC and EU, it is not difficult to understand why over 50% of voters in the UK voted for Brexit.
I am sure Trump and his government will want to bring Microsoft's 22 billion annual profit back to the USA. Especially when we freeload on our neighbours when it comes to defence too.
Fears with Trump bringing multinationals "home" are overblown. Home is now Ireland for a great number of multinationals. The investments have been made and they were carefully thought through for a long term basis. Ireland is a hub for a great many modern industries.
We should not be complacent but we are on very solid footing and wealth and investment is actually increasing in Ireland.
Ireland has a massive budget surplus and now has a sovereign wealth fund known as "the future Ireland fund" guaranteeing further prosperity and future pensions.
We can fritter money away on the most expensive hospital in the world and the most expensive bike shed precisely because of the incredible wealth we have so it is without consequence.
The pendulum has completely swung in Ireland s favour. From third world in the 19 century to one of the richest countries in the world in the 21st.
We are in the eu but we are closely aligned with us tech corporations whether trump will try and screw this up with extra trade tariffs is hard to say now .read the news in the uk the uk economy is struggling the only idea they have is to loosen planning regs and to raise taxs as much as possible this does not work as companys can just choose to leave to go to low tax countrys rich people can just move to france or italy .
we are facing a world where tech is more important ai could replace millions of jobs like office workers editors artists middle class jobs that the government relys on to get tax revenue. manufacturing jobs in the uk are almost nonexistant
American companys are leading the pace in ai tech apart from deepseek in china which is free to use.
oleary knows it takes 20 years to build an runway and it,ll be funded by charging airlines a levy.
does london even need another runway.
work from home is now standard people mostly travel nowadays to go on holiday
theres alot of low paid jobs in the uk theres alot of crime in the citys its not a great place to live unless you are middle class and on a good salary.
ireland is booming more companys would come here but are put off by high rental costs
if the uk is black ireland is white the uk is like ireland in the 80s its economy is in mediocre condition
Ireland is not rich. Far from it. The army, garda, roads, healthcare, education and public transport are all well below the standard of a rich country. My opinion anyway.
Like a house heavily mortgaged, I think we have a huge government debt too, one of the highest in the world per head of population?
Although spending is not high by international standards education is in the ranking for rich countries, on the basis of international surveys, proportion of people with degrees, willingness of people to come and pay for it, and so on. Life expectancy exceeds that of Netherlands, Denmark and Germany, so health can make a case too. I'll not argue for public transport.
third richest per capita after Luxembourg and Singapore.
That tells you everything you need to know I guess.
No, it does not and anyone who claims that the GDP of any of these places is the whole story is not serious.
maybe not, but when the measure of a nations per capita wealth is GDP and the three countries with the highest per capita wealth in the world are all notorious tax havens, it does make you question the basis by which Ireland is claiming to be a rich nation.
Lots of “ifs” in this post. “If my auntie had wheels, she’d be a wagon”.
These kinds of posts confuse me, it is almost like you regret Ireland being clever in the first place to have the type of economy that we have…
The rest of the world can’t force a thing, what the hell does that even mean?
No, GDP is a measure of production, not wealth. That production may not be owned by people in that country, so is making people in other countries wealthy. Ireland is a rich country because even when you adjust GDP it is in the ballpark of West European countries.
If we were rich would we not have a standard of living like Luxemburg or one of the Nordic countries?
Ireland is well off because we are in the eu and we have managed to attract American corporations to set up here read any article about UK labour policy's they are simply raising tax's in order to pay for public services and hoping that ai or some other industry can revive the UK economy. Meanwhile company's are moving to eu countries to access the eu marketplace Brexit has been an economic disaster and they are still trying to get control of immigrants arriving in boats from france
Its not a racket American company's choose the setup here based on tax rates it's also good we speak English and had a large well educated work force and a stable economy Ireland has a good image in America we have ties there in terms of Irish emigrants and a similar culture
it’s the tax loopholes they are here for, not the actual tax rate. The same goes for Luxembourg.
