A lot of the money moved through Ireland and taxed here is not related to activity in the Irish economy
The report from the EU Tax Observatory estimates that some $140 billion of profits are 'shifted' through Ireland each yearThe latest report on international corporate taxation, from a group called the EU Tax Observatory, illustrates how international perception of Ireland has changed in recent years.
The report from the tax observatory, a research body linked to the Paris School of Economics and funded largely by public and non-profit bodies, estimates that some $140 billion of profits are “shifted” through Ireland each year, putting the country top of the European list alongside the Netherlands. Analysis by the Department of Finance that about half of Irish corporate tax receipts are"windfall” in nature effectively makes the same point.
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