Why Ireland May Soon Have to Say Goodbye to the Low Tax Rates That Made the Nation Rich

Why Ireland May Soon Have to Say Goodbye to the Low Tax Rates That Made the Nation Rich By John Phelan In 1988, The Economist magazine ran an article on Ireland titled “The poorest of the rich.” The title was well-deserved. That year, Irish per capita GDP was just 70 percent of the figure for the United Kingdom and 52 percent that of the United States. The unemployment rate was 16.2 percent compared to 8.5 percent in Britain and 5.5 percent in the United States. Irish government debt amounted to 85 percent…

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Why Italy Could Join the UK in the Race Out of the EU

Why Italy Could Join the UK in the Race Out of the EU By John Phelan Few in the United States might know it if they watch the news, but in recent weeks France has been rocked by some of its most serious civil unrest since 1968. In a country as famous for its civil unrest as for its cuisine, this is a big story. From France… What started out as protests against an unpopular fuel tax—part of France’s attempts to fight climate change—grew in scale and morphed into demonstrations…

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