Simply Shocking!

What’s this!? Lower tax rates promote a healthy economy? Who would have thunk…

From Tax-News.com: Despite repeated complaints from industry over the growing UK tax and red tape burden, a recent survey has found that the UK remains significantly more competitive than France, Germany, Belgium or Spain. However, it has a long way to go before reaching the levels of tax competitiveness achieved by Ireland and the Netherlands.

And from the prestigious “Duh!,” Institute of Economics, we have this familiar sounding refrain: Ireland’s top corporate tax rate is 12.5 percent, the lowest among any industrialized country. They dramatically lowered their corporate taxes while other countries decided against it; and largely because of this, Ireland has flourished in economic growth while much of other parts of Western Europe have struggled.