Despite repeated warnings about the potential once-off nature of corporation tax receipts and the concentration risk of having so few firms paying the bulk of the money, Ireland continues to hit the business tax jackpot.Revenue from the tax swelled to a record €23.8 billion last year, almost six times the amount garnered in 2014. It … Read more
This blog post was updated on August 2, 2024, to clarify that the Inflation Reduction Act was adopted in 2022. It is too soon to know the details of presumptive Democratic presidential nominee Kamala Harris’s 2024 tax agenda. But her record as a US senator and her short-lived 2020 presidential candidacy shows that she has … Read more
Google’s European headquarters in Dublin, Ireland. Niall Carson/PA Images via Getty Images Ireland, despite its small land size and population, is among the wealthiest countries in the world. The island nation boasted a GDP per capita of $104,270 in 2023, according to the IMF, next only to Luxembourg and higher than the U.S., Switzerland, Singapore and … Read more
Cyprus is facing a shortage of injectable diabetes medications due to increased use for weight loss, overwhelming pharmaceutical production capacity. The Health Insurance Organisation is seeking alternative sources to provide medications for diabetic patients. The Cyprus Patients’ Federation urges doctors to prescribe responsibly and for the public to prioritize these medications for those with genuine medical needs. Dr. Konstantinos Tsioutis emphasizes the importance of these medications for managing diabetes and expresses concern over critical global shortages caused by unnecessary prescriptions. Tsioutis calls for collaboration to ensure medications are only given to patients with valid medical justifications until the global supply chain improves.