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Ireland had also become a base for US technology multinationals. By 2014 (see table), Apple's Irish ASI subsidiary was handling €34bn annually of untaxed profits (20% of Ireland's 2014 GNI*). The EU forced Ireland to close the "double Irish", [182] but it was replaced (Apple's "capital allowances" and Microsoft's "single malt"). [183] [184]
The rail network struggled to operate across two economic areas, finally closing across a vast swath of Ireland's border area (the only cross-border route today is between Belfast and Dublin). [ 11 ] However, overall it has been judged that, "the economic effects of partition were probably slight, certainly less significant than other economic ...
Ranking in Ireland Name Citizenship Net worth (USD) Sources of wealth 1: Shapoor Mistry Ireland 9.9 billion: Diversified: 2: John Collison Ireland 7.2 billion: Technology
Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back taxes to Ireland, as part of a ...
Ireland's economic problems were in part the result of the small size of Irish landholdings. In particular, both the law and social tradition provided for subdivision of land, with all sons inheriting equal shares in a farm, meaning that farms became so small that only one crop, potatoes, could be grown in sufficient amounts to feed a family.
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Ireland was a major player in the IT industry: in 2002, it had exported US$10.4 billion worth of computer services, compared to $6.9 billion from the US. Ireland accounted for approximately 50% of all mass-market packaged software sold in Europe in 2002 (OECD, 2002; OECD, 2004). [citation needed]