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Remind me again, what are the corporate tax rates in Ireland???
That’s not as relevant as the fact that Ireland is in the EU, which combined with the UK has a population greater than the US, Canada, and Mexico combined. It makes sense to make medicine in Europe for sale in Europe.
It’s definitely both: Ireland has low taxes & it’s close to a huge customer base.
Don’t you love it that’s someone always looking for the negative with large companies. You’d think that a company who has had a presence in Ireland for 45 years wouldn’t be doing it for tax reasons, albeit, doesn’t every American do all they can to pay as little tax as possible? Large companies employ people and are the backbone of our economy.
Eh, I’ve been told by local scientists who are Irish-born & raised scientists & pay attention to this kind of thing that Lilly does business in Ireland because of the tax situation.
But Lilly would be making investments in Europe no matter what. Ireland is just the tax haven that they picked, but it could’ve been Switzerland or somewhere else. It would’ve never been the US.
@Robert ‘cept that the local Irish born scientists prefer to be here…