S2 E6: PEOPLE ARE TO IRELAND WHAT CHAMPAGNE IS TO FRANCE - with Padraic White, former IDA MD

Padraic White, former MD of IDA Ireland, the agency dealing with foreign direct investment, speaks with us colourfully on the hows and the whys of the global tax reform, the new corporate tax regime and how Ireland played a leading and pivotal role in securing the alignment of the 139 OECD countries to support a global 15% corporate tax rate. The evolution of Ireland's low corp tax regime is covered by giving a social historical account of a 1950s Ireland at 0% to 12.5% nearly 70 years on, and how it impacted and benefited the commercial and cultural landscape of Ireland to becoming and being one of the top 5 economies in the world. While Ireland's competitive and envy-inducing success in having a low corporate tax is a tool to maintain and continue to encourage FDI, however, our ever evolving and enriched 'People' of Ireland are a super pull in itself. “People are to Ireland, what Champagne is to France and oil to Texas”. A very succinct and dot-joining episode on all the recent tax related media making headlines, covering corp tax rates, tax havens, Apple and all that money sitting in the escrow orchard, to the politics at play and the power of our small nation in the global arena and its impact on Irish society and those joining our society. Additional content is available to subscribers. Or press the link here to subscribe Hosts: Geraldine Magnier & Mahima Badsra Production Assistant: Laura Matjusaityte Twitter: @needlelands Website: idiro.com/where-the-needle-lands/ Email: [email protected] iTunes: https://lnkd.in/eme6kyY