From Bill Bonner, Chairman, Bonner & Partners:
DUNMORE EAST, Ireland – We came down the coast from Dublin to check on our new office building.
For this visit, we wanted to stay somewhere different than we normally do. So we chose a small hotel on the coast, called the Strand Inn.
It is an excellent place for seafood and soda bread on a rainy day. Later, you can go to the bar, get in your cups, and sing sad songs about dead Irish heroes.
Ireland has a literate, educated population. It is pleasant… pretty… and has a low corporate tax rate. So, we are expanding here.
Apparently, companies escape taxes by moving their headquarters or their technology overseas. We would do the same, but we’ve never been able to figure out how it saves any tax money.
Owners end up paying tax in their home countries. And Americans pay U.S.…