How Ireland's Tax Loophole Actually Work

Ireland is a country that once became an international tax haven famously known for helping Apple, Google, and formerly Facebook to avoid $28 billion in taxes combined. This tax scheme is also the main reason why Ireland has the highest GDP per capita number in the world, although anyone living there will tell you that this GDP number is just an illusion, simply because those trillions of dollars are only sitting in the bank account rather than used for building infrastructure, research and development, or upgrading public services like healthcare and education. You know, things that are necessary to build a prosperous economy. But, how did Ireland’s tax loophole actually function? How did it manage to attract some of the biggest companies in the world? And how did all of this have people actually believing that Ireland is the richest country in the world? This is how Ireland’s tax loophole actually work. Source: https://www.imf.org/external/datamapp... Ireland GDP per capita (IMF) https://www.investopedia.com/terms/d/... Double Irish https://taxjustice.net/2015/11/11/how... https://www.fiercepharma.com/manufact... AstraZeneca https://epic.org/documents/apple-v-fb... Apple and FBI https://www.ft.com/content/d9b4fd34-c... Music by Epidemic Sound Stock Footage by Storyblocks #Ireland #Finance #Doverhill about economics explained, about Finance and how money works, on Ireland's tax haven and how it actually work, This is an economics/finance video