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Old 11-21-2010, 03:30 PM   #4
SpiritWarrior
Jack Burton
 

Join Date: May 31, 2002
Location: Ireland
Posts: 5,854
Default Re: Hey! Spirit Warrior,what's going on in Ireland?

No, we sold the leprechauns a long time ago for bond shares.

As for your link, yes, many huge US companies like HP and Google have their headquarters not in the USA, but in green ole Ireland. In fact, I used to live around the corner from Google Inc! The reason is because the US has really high tax rates and red tape and it is basically cheaper to set up your HQ in Eire rather than the company's own home. Ironic kinda.

Ireland also gives major breaks and grants to companies investing in this way where many other countries do the opposite. I guess, the system encourages businesses to sprout up rather than punishing them. Some are now saying they have been too lenient with these big corporations like Intel. So yeah, naturally, there's some uproar about them wanting to hike up rates.
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Still I feel like a child when I look at the moon, maybe I grew up a little too soon...
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