From 2017 onward, Ireland has been accused and harshly criticized by other countries in the European Union of being a tax haven for American corporations and thus stealing ton of tax money from them.
A lot of the defense from Irish people I have seen is that it was this very strategy that was the key that catapulted Ireland's economic development from being a relatively poor country to a high-income one from the 1990s onward giving the country the moniker Celtic Tiger. And this is often combined with a deflecting argument of western European countries becoming wealthy by colonialism.
Is there any truth to this?
Did Ireland become a wealthy high-income country primarily by being a corporate tax haven?
byu/GalahadDrei inAskEconomics
Posted by GalahadDrei