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Ireland and the New Economy

When I lived in London I could already tell, but it wasnt until living in Dublin that I really noticed(notado) Im paying more taxes. Im paying as well the demanding ones rom other countries where I have commercial, personal, or corporate activity, but in Ireland all !inds o personal taxes are higher. "part rom the tax code, what matters is how the country and its rulers decide to stimulate the economy or change the economic growth model. Ireland did both a ew years ago and now they are seeing the results. #ust dealing(tartar) with the tax issue(cuestin-asunto) alone wont shed(arrojar-N.cobertizo) light on the whole story. In Ireland, new and extraordinary things are transpiring which means a signi icant $ump is ta!ing place in the perception that the rest o the world has o Dublin, as well as o the rest o Ireland, which is becoming a technology industry hub with massive potential. Whether(si) this started as a tax issue or not is now irrelevant, because the truth is that the large companies o the world in the technological vanguard are already here, and not $ust with a minor trade(comercio) o ice, or a legal representative. Were tal!ing about more than a hundred thousand people wor!ing or %oogle, "pple, &bay, "ma'on, (isco, (rompton %reaves, %)*, I+,, Intel, ,erc!, ,icroso t, )iemens and ID-DI (allow me to ta!e the liberty). Moreover(por otra parte.adem/s), we are not $ust tal!ing about one city, but a whole national ecosystem adapting itsel to all things digital. %alway, (or!, Limeric! and )ligo, as well as Dublin, make up(creado) a ormat similar to (ali ornias )ilicon 0alley. It has nothing to do with other places that try to label(etiquetar) themselves as such. &very time a geographical area wants to 1moderni'e2 its economy, it tries to associate itsel with that (ali ornian image, but calling yoursel (aesar doesnt ma!e you &mperor. Its true that the &uropean bailout(rescate) o the Irish economy will bring unpleasant(desagradables) conse3uences in coming years. 4ublic investment(inversion) ill drop(se reducir/), there ill be(habr/) enormous pressure on the management o government aid(a!uda), and attac!s on their taxation system ill be planned(se plani"icar#n). Nevertheless(sin embargo), the $ourney has already started and its important or other places to ta!e into account how and what they decided to change to get to their economic standards to attract technological talent. In Ireland, everybody is getting read!(se est# preparando). 5ar rom opposing the changes, many o the main corporations have decided to adapt. 5or example, the 5aceboo!s Dublin o ice is also its international headquarters(sede) and it has acted or many years as the monitor or the entire community o 5aceboo! users outside o the 6nited )tates. In act, it is ithin(dentro) the very heart o this Dublin o ice where the social networ! has created the Data 4rotection and 4rivacy $ouncil(consejo), which is precisely in charge o assuring the privacy and security o the people using 5aceboo! in the &uropean 6nion. Its !nown that in coming months there will be changes and the exceptional tax policy currently in place will be modi ied which will put Ireland in a less than ideal spot, but I doubt that all that has been created and built to date(hasta la "echa) can be undone magically. 7here are stereotypes that need to be revised. (urrently its easier to set up(establecer) a new company in )pain than in Ireland. 7he island has a lot o complications and many de ects in their legal procedures which demand surprising analogical veri ications ( hoever(3uien) says the opposite hasnt tried starting anything here). +ut it o ers a iscal "rame ork(marco-estructura) that promotes a certain business model. Irelands corporate tax rate stands at 89,:;< o pro"its(bene icios), they have a tax policy that grants(subvencionesconcesiones) a credit o 9;< on the increase in e%penditure(gasto) on = > D incurred by a business which is independent o the deductions to which they are entitled or this expenditure. It was imposed nearly three decades ago and it has already been a ew years that it represents an important actor in the %D4 o the country. Its not a new thing and isnt anecdotal? it is structural and survives over time(con el tiempo). 7he opening up to technological intelligence is brutal and can be noted in the day to day. 7remendous tests o selection, with engineers monitoring on a screen what is happening on yours while you try to ind out a system password in a 3uarter o an hour, or while you try to incorporate improvements into a code to simpli y a process@these are $ust examples o what is happening. Aow it isnt so much the search or entrepreneurs as the certaint!(certe'a) that the talent generated by the greatest will attract the irst ones. I !now )panish university pro essors that have not been able(capaz) to pass the tests o large companies there. 7he search or talent is to levels that I had only seen in )ilicon 0alley a ew years ago. Its ascinating and very competitive.

Ireland is a small country de initively ocused on promoting the development o its technology industry and approaching(3ue se acerca) it rom many "ields(campos) and modes. 7o give an example, there are currently more than six thousand $obs available in this industry, and a huge(enorme) interest in promoting the immigration o highl!(mu!) 3uali ied wor!ers. 7his is the way to condition and prepare a country or a competitive uture in the ramewor! o the Aew &conomy. Its normal or criticism to intensi y when one loo!s at their taxation system, but its a mista!e to stop there because it doesnt allow you to view where they are going with 1moderni'ing the economy2 or 1changing the growth model2. Lets ta!e into account what other countries such as )pain are doing and what you get with that. Its not that di icult, you only have to put yoursel to it. (reating $obs isnt either, but there is no other way. ,y team and I, we stay in Dublin.

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