Aidan Regan writes:
The Irish have the second best trade surplus in the eurozone, and productivity per worker is three times higher than Germany….. The truth of this fairy-tale is that US multinational corporations are engaged in transfer pricing. They locate profits in Ireland to take advantage of the low corporate tax regime.
Read more at Cutting taxes is a largely ineffective strategy for attracting foreign investment. | EUROPP.
FedEx CEO Frederick W. Smith talks about how capital investment and lowering corporate tax rates are the main solutions to creating U.S. jobs. He speaks with WSJ’s Alan Murray at Viewpoints West.
[gigya src=”http://s.wsj.net/media/swf/VideoPlayerMain.swf” bgcolor=”#FFFFFF” flashVars=”videoGUID={373227EF-3970-4BF3-8CFB-8E85745FB44A}&playerid=1000&plyMediaEnabled=1&configURL=http://wsj.vo.llnwd.net/o28/players/&autoStart=false” base=”http://s.wsj.net/media/swf/” name=”flashPlayer” width=”512″ height=”363″ seamlesstabbing=”false” type=”application/x-shockwave-flash” swLiveConnect=”true”]
