Economics
‘Leprechaun Economics’ Earn Ireland Ridicule, $443 Million Bill
- Ireland may have to pay more to EU budget after growth report
- Growth numbers driven by companies relocating to Ireland
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What price does a developed economy pay for posting 26.3 percent growth in a single year? Global ridicule, a renewed focus on its tax system and about 400 million euros ($443 million) a year.
At least, that’s the fate Ireland suffered after its statistics office said in Dublin on Tuesday that the economy in 2015 grew at the fastest pace on record for any country in the rich-nation club known as the Organization for Economic Cooperation and Development.