this post was submitted on 19 Jan 2024
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The European Union’s remarkable growth performance relative to the United States (www.bruegel.org)
submitted 10 months ago by Blaze@discuss.tchncs.de to c/europe@feddit.de
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The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards

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[–] Nerd02@lemmy.basedcount.com 1 points 10 months ago (1 children)

Oh do they? Never heard about that. Guess I've learnt something new. I wonder if it would be different for us, given how fewer big companies the EU has compared to the US.

I'm not familiar with the Delaware situation. Is it similar to Ireland's, then?

Foreign-owned multinationals continue to contribute significantly to Ireland's economy, making up 14 of the top 20 Irish firms (by turnover), employing 23% of the private sector labour-force, and paying 80% of the collected corporation tax.

https://en.wikipedia.org/wiki/Economy_of_the_Republic_of_Ireland

[–] Blaze@discuss.tchncs.de 3 points 10 months ago

Oh do they? Never heard about that. Guess I’ve learnt something new. I wonder if it would be different for us, given how fewer big companies the EU has compared to the US.

Yes, for instance their equivalent of VAT is state-based, some of them having 0: https://en.wikipedia.org/wiki/Sales_taxes_in_the_United_States

Delaware is indeed kind of similar to Ireland: https://www.investopedia.com/articles/personal-finance/092515/4-reasons-why-delaware-considered-tax-shelter.asp

Both are listed as tax heavens on that page: https://en.wikipedia.org/wiki/Tax_haven#Lists