the corner office

a blog, by Colin Pretorius

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Doing the dance

Given that Irish ministers were swearing blind over the weekend that there would be no bailout, and that there is now a bailout, it seems likely that if they are saying that Ireland's low corporate tax rate is not-negotiable, then in a matter of days that might be gone too.

I hope not for Ireland's sake - their problems are because of a property bubble and their banking guarantees. The Celtic Tiger wasn't about low interest rates though, and the countries who will be offering 'help' and demanding higher tax rates as concessions must be mighty chuffed that they can finally squeeze the country which has been stealing business from them for so long.

{2010.11.18 - 18:08}

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