Wall Street Journal reports how the State is spending on the likes of 'what might become the world’s most expensive children’s hospital'. Ireland’s corporate tax boom featured on the front page of the Wall Street Journal on Saturday, as the newspaper reported on how US giants such as Apple, Alphabet’s Google, Microsoft and Pfizer have increasingly shifted profits to units in the Republic amid a global drive to move activities away from offshore locations such as the Cayman Islands. The news feature, which began on the front page but continued inside, does not contain much by way of fresh reporting. The Government sees corporate tax receipts topping €37 billion this year, up from €4.6 billion a decade ago. The news piece also reports how Irish politicians are choosing to look the other way for now as Donald Trump’s election victory in the US raises questions about whether the Irish corporate tax boom will continue.

Source: Wall Street Journal November 24, 2024 14:27 UTC