Birdwatch Note Rating
2024-03-28 22:32:36 UTC - HELPFUL
Rated by Participant: 98A3EB586CB34BCD2C7C64DE04D959800962C3791B50CAF4164BCCD62CC0ECDB
Participant Details
Original Note:
Irish GDP is heavily distorted by multinational companies such as Apple funnelling profits through the country due to its low tax. The Irish Central Bank admits this and suggests using AIC per capita which leaves Irish consumption behind many EU nations and the UK. https://www.centralbank.ie/docs/default-source/publications/economic-letters/vol-2021-no-1-is-ireland-really-the-most-prosperous-country-in-europe.pdf
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