On the decline in inequality: a question of emphasis

Robert Sweeney of TASC writes on the decline of inequality in Ireland.

In sum, income inequality, according to the best evidence, has fallen; Ireland, by conventional measures, has the most progressive tax system in the EU; and Ireland has a very high share of low-work intensity households. It is also the case that in historical terms our inequality is high, and differences in living standards have likely increased. Lower income households basically work as much as the rest of society, and the poorest pay almost the same share of their income in tax as the rich. Facts are facts and needn’t be quarrelled with. But there are many ways to present them.

The Fiscal Response to COVID-19

Here’s a useful paper from the Department of Finance summarising the fiscal response to date to the pandemic: https://www.gov.ie/en/publication/84a0c-taking-stock-the-fiscal-response-to-covid-19/

There’s lots of interesting material in it. One such piece is this comparison of deficits for 2020 and 2021 in the euro area.

https://www.gov.ie/en/publication/84a0c-taking-stock-the-fiscal-response-to-covid-19/

Why has income inequality fallen in Ireland?

Here’s a piece from RTE’s Brainstorm series that looks to explain some of the factors behind Ireland’s outlier position in this chart.

The Apple Judgement: Why the Commission will Continue to Pursue State Aid Cases

Prof. Jim Stewart writes on the Apple judgement here.

Corporate Taxes and the Taxation of US Multinationals

A piece from the Irish Examiner today on the above is here.  And below are some exhibits of the figures used in the piece.

1. Corporate Tax Revenues in the EU15 since 1965

EU15 CT as a Share of Total Tax and GDP 1965-2018 mono

2. Income Statements of Google, Apple, Facebook, Amazon and Microsoft in 2019

GAFAM Income Statements 2019

3. Profit and Tax of Apple Inc. from January 2010 to December 2019

Apple Tax Provisions and Cash Tax Paid 2010 to 2019

4. Stateless Entities in the OECD’s Country-by-Country Statistics, 2016

OECD CbCR data for Stateless 2016 All

5. Profit and Effective Taxes of Companies in Ireland by Jurisdiction of Ultimate Parent, 2016

OECD CbCR data for Ireland 2016 ETRs