What is Taxation in the Republic of Ireland?
'''Taxation in the Republic of Ireland''' is very [[Progressivism|progressive]]. The top 10% of earners pay 60% of the taxes.<ref>{{Cite web|title=Single workers bear brunt in Ireland’s personal tax system|url=https://www.irishtimes.com/business/personal-finance/single-workers-bear-brunt-in-ireland-s-personal-tax-system-1.3475082|access-date=2023-03-15|website=The Irish Times|language=en}}</ref> As well as [[income tax]] on earnings there is the [[Universal Social Charge]]<ref>{{Cite web|last=Citizensinformation.ie|title=Universal Social Charge (USC)|url=https://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/universal_social_charge.html|access-date=2023-03-15|website=www.citizensinformation.ie|language=en}}</ref> and [[Pay Related Social Insurance]]. [[Value-added tax|Value added tax]] is charged on almost all goods and services. [[Corporation tax]] is very important in Ireland and foreign [[Multinational corporation|multinationals]] pay about 80% of it.<ref>{{Cite web|title=Ireland is the world’s biggest corporate ‘tax haven’, say academics|url=https://www.irishtimes.com/business/economy/ireland-is-the-world-s-biggest-corporate-tax-haven-say-academics-1.3528401|access-date=2023-03-15|website=The Irish Times|language=en}}</ref> It is only 12.5% - much lower than most [[Developed country|developed countries]] so many of the biggest American [[technology]] and [[Pharmaceutical|pharmaceutical companies]] keep the money from [[intellectual property]] rights in their Irish [[Subsidiary|subsidiaries]]. This makes the Irish economy seem much bigger than it really is.<ref>{{Cite web|title=Ireland’s wild data is leaving economists stumped {{!}} Financial Times|url=https://www.ft.com/content/bfd666f3-9e2c-442b-9fe0-0a33d020241d|access-date=2023-08-23|website=www.ft.com}}</ref> == References == {{reflist}} [[Category:Taxation in the Republic of Ireland]]