It is going to go the other way. Germany low taxes and a financial center. The US has higher corporate taxes and heavy industry.
The capitalist shell game has to move on because the grass is always greener.
When I was going, it was 0% corp tax rate for 20 yrs.
After 20 years did it increase to 12%?
DB2
No idea. When Raygun killed the world economy, all companies in the industry got nailed. A large competitor closed their new (less than a year old) Ireland factory and let everyone go. The entire company was bought by Gulf and Western (conglomerate).
As we were a small company, I was able to keep costs in line and we were profitable every year after 1981. At least, that is what the owner claimed every year. I left in 1985 as it was obvious the business was then a dead end.
Its 15%. Biden got an international agreement that Ireland agreed to enact.