Thursday, May 31, 2018

Quarter of Irish growth due to Apple iPhone

You can't really look at GDP to figure out what is really going on...

The Trump tax reforms of this past January 1 at least removes financial incentives for the multinational firms to cause this type of financial result.

So even the recent weakness in both the UK and EZ prints of GDP could easily be the result of a change in tax reduction strategy by the US multinationals in response to the Trump corporate tax policies.

And not some nebulous "austerity neoliberal conspiracy lies!" theories...

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