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United Ireland would cost €20 billion for 20 years, new study finds (www.euronews.com)

submitted 1 year ago by HowRu68@lemmy.world to c/europe@feddit.de

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In their conclusions, the authors recommend Northern Ireland – which remains relatively poor and heavily reliant on public sector spending and employment – embark on major reforms to improve its residents' standard of living.

"Even though Ireland has a much higher national income, funding the needs of the people of Northern Ireland in a united Ireland would put huge financial pressure on the people of Ireland, resulting in an immediate major reduction in their living standards," the report says.

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[–] poweruser@lemmy.sdf.org 24 points 1 year ago* (last edited 1 year ago) (5 children)

(Please forgive me if this is ignorant. I don't know much about Irish politics)

Doesn't the Republic of Ireland have a lot of multinational businesses headquartered there as a tax dodge?

Perhaps they could make the mega corps pay their fair share of taxes and use that to fund reunification

[–] adaveinthelife@lemmy.ca 7 points 1 year ago (4 children)

They would just move to the next tax haven, taking their jobs with them. Even if they raised taxes below the next haven, many would move out of spite.

[–] zakobjoa@lemmy.world 17 points 1 year ago (1 children)

There aren't that many jobs attached to those headquarters, they're mostly there on paper. It's mostly about the taxes, which, although comparatively low, amount to a lot of revenue for the State.

[–] erwan@lemmy.ml 3 points 1 year ago

That might be true for Luxembourg but not for Ireland.

All US big techs have pretty big hubs in Dublin, with engineers.

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