The Irish Economic Crisis


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Essay #: 065077
Total text length is 9,304 characters (approximately 6.4 pages).

Excerpts from the Paper

The beginning:
The Irish Economic Crisis
Throughout the 1990s and early part of this decade, Ireland was hailed as a prime example of the economic growth available to countries that embrace multinational business. Enticed by extremely low corporate tax rates, firms across a broad array of industries like General Electric, Google , Accenture, Ingersoll-Rand, Pfizer, Apple and many more. Accenture and other multinationals “have complemented Ireland’s “sophisticated” and “well developed” legal and regulatory environment as the driving forces in their decision to relocate to Ireland. In addition to this Ireland’s low corporate tax rate of 12.5% is thought to have been one of the key factors”” (“Ireland’s growing popularity” 1). Although GDP averaged growth...
The end:
“Ireland announced that the financial plan for the low corporate
tax remains unchanged.” 26 Nov 2010. Chinese Stock Trading.
5 Dec 2010.
“Ireland’s growing popularity with multinational companies.” 4
Nov 2009. Company Bureau. 5 Dec 2010.
Pogatchnik, S. “Ireland swallows bitter pill, asks EU for
Loan.” 21 Nov 2010. The Associated Press. 5 Dec 2010.