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The EU's taxing problem

The EU's taxing problem

Economics was not one of my favorite subjects in college, so I avoided economic courses. But I do know a few things about human nature. If you tax income at too high a rate, corporations will look elsewhere for relief.

Take Ireland.

In 1991, Apple Corporation cut a deal with the Irish government so that only a certain bracket of its earnings would be taxed, giving it, writes Business Insider, "...a dramatically lower tax rate than it would have to pay in the U.S." In return, Apple promised jobs, lots of jobs, which it provided. The company...

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