Mises Daily
Author:
Philipp Bagus
Online Publish Date:
to overindulge in debt.” Not so in Ireland. In some sense Ireland was even too competitive. Ireland has the lowest corporate tax rate in the Economic and Monetary tax. They also put tremendous pressure on the Irish government to abandon its policy of a low corporate-tax rate, a policy that many European politicians regard as attempts to increase their power via increases in taxation or regulation is the competition of other governments. If taxes get too high in a country, economic agents