The Irish growth model is very much based on the shift from direct to indirect taxes.
Ireland secured a €85 bn bailout loan in 2010 in exchange for its economic sovereignty, as it came hand in hand with a Memorandum of Understanding. That was approximately two and a half times the annual tax take of the emerald island that year (€31.5bn). That MoU included austerity measures, labor law deregulation, and privatizations. That was the case in Greece, in Cyprus, and in Portugal. There was but one...
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