The only English speaking nation left in the EU now is Ireland. A place very dear to me as, despite being born in the UK I left there as a child. Ireland is where my closest family in Europe live, including one of my daughters.
Ireland has been very innovative in recent years in attracting foreign investment. It has the highest GDP per Capita in the EU….a massive 82% higher than Germany and 63% higher than Holland.
Ireland's unemployment rate was 16% less than ten years ago. It is now 5,8% despite Covid. The EU unemployment rate is 26% higher than Ireland's.
It appears that the larger nations in the EU are extremely envious of this success and want to stop them attracting so much foreign investment. Ireland has a very low tax rate of 12,5%. The European Commission recently instituted a court case against the Irish tax authorities for being too lenient on Apple tax wise.
Both the European Commission and Ireland wasted tens of millions of Euros on the case which was eventually won by Ireland with the European Court Of Justice deciding in their favour.
The UK must be breathing a sigh of relief that it can now make its own decisions and not have to put up with the interference in its domestic affairs that the Irish have had to put up with.
I suspect that the UK will follow Ireland's low rates of taxation
The EU is currently trying to blackmail Ireland into raising its tax rate :
"According to a report in the
Irish Times, the Commission is pushing for the Irish to end its tax breaks as a condition of receiving its share of the money set to be distributed through the €750 billion Coronavirus Rescue Fund. Raise taxes or you don’t get the cash is the message from Brussels."
The EU’s position is very odd. Ireland is a net contributor to the EU’s budget, now that the UK has left, so it will be a net contributor to the Rescue Fund as well. In effect, Ireland is being told that in exchange for paying for a bail-out for Italy and Spain it will be forced to wreck the competitiveness of its own economy."
Okay, in fairness it might be the weather. Or the craic in the bars. Or the rugged coastline, golf courses, or the lakes. And yet for all its charms, there was always a far simpler reason why more…
spectator.com.au